Central Policy and Committee Office Director

3 months ago

Chicago, United States Northern Trust Full time

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

The Central Policy and Committee Office Director is a key leadership position within Northern Trust’s enterprise risk management function, charged with the responsibility of maintaining and enforcing the governing document and committee governance policies across the lines of defense. As a key figure in the 2nd line of defense, this Director reports to the Head of Enterprise Risk Management and collaborates extensively with both the 1st and 2nd line teams to drive consistent application and quality of governing documents and committee charters. The core responsibilities encompass maintaining and monitoring adherence with the governing document and committee governance policies. This role involves sustaining an inventory of governing documents and committee mission statements/charters, distributing templates and regular update schedules, and supporting the coordination of review and approval of Governing Documents through Central Policy Approval Committee. The Central Policy and Committee Office Director oversees the adherence to the aforementioned standards and is instrumental in fostering a culture of risk awareness through training and monitoring adherence across the lines of defense.

The ideal candidate will have a strong background in policy governance and committee operations within the financial services industry, demonstrating an ability to manage these essential functions and effectively liaise with senior stakeholders and committees in a global financial institution.

Major Duties

  • Maintain inventory of governing documents and committee mission statements/charters
  • Sustain and embed the governing document and committee governance policies across lines of defense through training, adherence monitoring, and chairing of the Central Policy Approval Committee
  • Support the coordination of review and approval of governing documents through the Central Policy Approval Committee
  • Drive consistency and quality of governing documents and committee charters across risk domains, business units, and legal entities
  • Keep abreast of industry trends, regulatory changes, and emerging risks to proactively identify potential threats and opportunities and evolve the risk management framework to align with changing business and regulatory practices

Experience, Knowledge, Abilities

  • 12+ years of direct risk management framework experience at a large-scale financial services organization preferred, including enterprise risk management experience
  • Demonstrated knowledge and experience in designing, training, and monitoring governing documents and committees, supporting effective implementation and sustainability
  • Proven capability in high-quality execution, including both independent execution, as well as influencing cross-functional stakeholders to drive change
  • Familiarity with ServiceNow or similar Governance Risk and Compliance tool, preferred
  • Experience overseeing financial and/or non-financial risks, including interpreting and adhering to associated prudential expectations
  • Ability to accurately identify, escalate, and drive actions to mitigate priority risks

Skills

  • Successful candidate will possess the following key skills: strategic thinking, conceptual thinking, logical thinking, stakeholder management, project management, change management, digital literacy, and policy and committee oversight
  • Strong communication skills, including verbal and written communications to senior leaders and committees

Education

  • BS/CA diploma in management or finance; 
  • An MBA or similar advanced degree preferred

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us and apply today.

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.

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