Current jobs related to Risk Identification and Assessment Director - Chicago, Illinois - Northern Trust


  • Chicago, Illinois, United States Teachers Insurance and Annuity Association Full time

    Job SummaryWe are seeking a highly experienced and skilled professional to join our team as a Senior Director, Risk Management and Compliance. This role will be responsible for leading our client services and technology risk management efforts, ensuring the effective identification, assessment, and mitigation of risks that could impact our business.Key...


  • Chicago, Illinois, United States Teachers Insurance and Annuity Association Full time

    Job SummaryWe are seeking a highly experienced and skilled professional to join our team as a Senior Director, Risk Management and Compliance. This role will be responsible for leading our client services and technology risk management efforts, ensuring the effective identification, assessment, and mitigation of risks that could impact our business.Key...


  • Chicago, Illinois, United States Discover Financial Services, Inc. Full time

    Job Title: Senior Manager Enterprise Risk ManagementDiscover Financial Services, Inc. is seeking a highly skilled Senior Manager Enterprise Risk Management to join our team. As a key member of our risk management function, you will play a critical role in identifying, assessing, and mitigating risks that could impact our business.Key...


  • Chicago, Illinois, United States Andersen Full time

    The Firm:At Andersen, we provide not just a career but an exhilarating journey into the realms of Tax, Valuation, and Business Advisory. As a pioneering entity with the most extensive global footprint among professional services firms, you will engage with remarkable clients across various sectors, irrespective of their scale. Our independence from...


  • Chicago, Illinois, United States Northern Trust Corporation Full time

    About Northern Trust Corporation:Northern Trust Corporation, a leading global financial institution, has been a trusted partner for over 130 years, providing innovative financial services and guidance to the world's most successful individuals, families, and institutions.We are committed to delivering exceptional service, expertise, and integrity, while...

  • Director of Sales

    4 weeks ago


    Chicago, Illinois, United States TransUnion Risk and Alternative Data Solutions Full time

    About TransUnion Risk and Alternative Data SolutionsWe are a leading provider of risk and alternative data solutions, dedicated to helping businesses make informed decisions. Our team is passionate about innovation and collaboration, and we're committed to creating a welcoming and energetic environment that encourages growth and development.What We're...


  • Chicago, Illinois, United States IronBeam Inc Full time

    Job OverviewPosition Summary: The Risk Assessment Manager will collaborate closely with the executive team, including the CEO and CCO, to enhance, support, and sustain a comprehensive risk management framework, policies, and reporting systems. This role demands exceptional communication abilities, multitasking skills while maintaining a focus on details, and...


  • Chicago, Illinois, United States IronBeam Inc Full time

    Job OverviewBenefits:401(k) PlanDental CoverageHealth CoveragePaid LeaveVision CoveragePosition Summary:The Risk Assessment Manager will collaborate closely with the executive team, including the CEO and CCO, to enhance, support, and uphold a comprehensive risk management framework, policies, and reporting systems. This role demands exceptional communication...


  • Chicago, Illinois, United States Early Warning Full time

    Job SummaryWe are seeking a highly skilled Risk Management Director to join our team at Early Warning. The successful candidate will be responsible for developing and implementing a first-line of defense (LOD1) risk and internal control program for our Technology business lines.Key ResponsibilitiesDevelop and Implement Risk Management Program: Design and...


  • Chicago, Illinois, United States Ironbeam Full time

    Benefits:401(k)Dental insuranceHealth insurancePaid time offVision insuranceGeneral Overview:The Risk Assessment Specialist will collaborate closely with senior management, including theCEO and CCO, to enhance, sustain, and oversee a comprehensive risk management framework, policies, and documentation. This role demands exceptional communication abilities, a...


  • Chicago, Illinois, United States Acadia Healthcare Full time

    Job SummaryAcadia Healthcare is seeking a highly skilled Risk Management Director to oversee the development and implementation of risk management strategies across the organization. The ideal candidate will have a strong background in risk management, compliance, and leadership.Key ResponsibilitiesDevelop and Implement Risk Management Strategies:...


  • Chicago, Illinois, United States Aon Full time

    Job Title: Director - Risk ManagementWe are seeking a highly skilled and experienced Director of Risk Management to join our team at Aon. As a key member of our global risk management team, you will be responsible for leading our Commercial Team to deliver strategic and tactical results in line with our company goals and objectives.Key Responsibilities:Lead...


  • Chicago, Illinois, United States Jensen Hughes Company Full time

    About Jensen Hughes CompanyJensen Hughes is a global leader in fire protection engineering, risk management, and related fields. Our company is built on a strong foundation of Purpose and Principles, which guide our actions and decisions.We value our people and strive to create a culture of trust, integrity, and professional growth. Our commitment to...


  • Chicago, Illinois, United States Educational and Institutional Insurance Administrators (EIIA) Full time

    Company OverviewEducational & Institutional Insurance Administrators, Inc. (EIIA) is a collaborative consortium dedicated to providing innovative insurance and risk management solutions for private, faith-based educational institutions. Established over fifty years ago, EIIA was formed to address the unique insurance needs of historically black colleges and...


  • Chicago, Illinois, United States CME Group Full time

    The Credit Risk Assessment Specialist will play a crucial role in pinpointing, analyzing, measuring, overseeing, and documenting significant risks associated with CME Clearing's counterparties and exposures. The main duty of the Specialist is to evaluate and track the credit risk posed by counterparties while assigning internal credit ratings based on...


  • Chicago, Illinois, United States MUFG Americas Full time

    Job Title: Credit Risk Management DirectorDo you want to make a meaningful impact in the world of finance? Discover your opportunity with MUFG Americas, a leading financial institution with a strong commitment to innovation and customer satisfaction.About the Role:The Credit Risk Management Director will be responsible for overseeing the corporate lending...


  • Chicago, Illinois, United States Alliant Credit Union Full time

    Position Overview:As a Credit Risk Assessment Specialist, you will be responsible for developing and evaluating credit policies and strategies, along with analytical frameworks for loan origination and loss forecasting.Key Responsibilities:- Analyze relevant data to identify both quantitative and qualitative factors influencing credit risk for consumer and...


  • Chicago, Illinois, United States Alliant Credit Union Full time

    Position Overview:As a Credit Risk Assessment Specialist, you will be responsible for the formulation and evaluation of credit policies and methodologies, alongside the development of analytical frameworks for loan origination and loss forecasting.Key Responsibilities:- Analyze data to identify both quantitative and qualitative elements influencing credit...


  • Chicago, Illinois, United States Selby Jennings Full time

    Position: Operational Risk AnalystLocation: Chicago, ILCompensation: $70,000 - $90,000 base salaryCompany Overview:A prominent asset management firm is seeking to enhance its Operational Risk Group by adding a dedicated Analyst. The ideal candidate will possess over a year of relevant experience and a solid understanding of vendor risk management...


  • Chicago, Illinois, United States Argo AI Full time

    This role is pivotal within Argo AI, focusing on the assessment and management of insurance-related risks.The **Insurance Risk Manager** will take charge of the **Insurance Risk and Control Framework**, collaborating with underwriting and actuarial teams to enhance processes related to underwriting and reserving. This position serves as a critical second...

Risk Identification and Assessment Director

3 months ago


Chicago, Illinois, 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 Risk Identification and Assessment Director is a key leadership position within Northern Trust's enterprise risk management function, charged with the responsibility of embedding and refining the risk identification and assessment processes 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. The core responsibilities encompass the development and maintenance of the risk identification standard, the implementation of an emerging risk and material risk identification process, and the enhancement of risk assessment standards, including maintaining risk rating and materiality scales. This role involves leading initiatives to ensure comprehensive risk identification, driving the detection of material and emerging risks, maintaining and advancing risk inventory technology capabilities, and conducting impact assessments to apply materiality thresholds. The Risk Identification and Assessment 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 robust background in enterprise risk management, including risk identification and assessment, at a large-scale financial services organization, and a demonstrated ability to oversee such functions and effectively collaborate with senior stakeholders.

Major Duties

  • Design, implement, and sustain standards for risk identification, emerging risks, risk assessment across lines of defense through training and adherence monitoring
  • Establish and maintain risk ratings and materiality scales used in identifying top and material risks
  • Drive identification of top, material, and emerging risks
  • Maintain risk inventory technology capabilities
  • 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 enterprise risk identification and assessment practices, 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 risk identification and assessment
  • 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

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.