Risk Identification and Assessment Director

2 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 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 2

nd

line of defense, this

D

irector reports to the Head of Enterprise Risk Management and collaborates extensively with both the 1

st

and 2

nd

line teams. The core responsibilities encompass the development and maintenance of the

r

isk

i

dentification

s

tandard, 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 r

isk

i

dentification

, emerging risks,

risk a

ssessment 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 th

e 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

de

signing,

training, and monitoring

enterprise

risk identification and assessment

practice

s, 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

#LI-Hybrid 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. #MadeForGreater 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.

#J-18808-Ljbffr

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