Senior Risk Management Specialist

1 week ago


Chicago, Illinois, United States Northern Trust Corporation Full time

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

We are 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.

About the Role: We are seeking a Risk and Controls Self-Assessment Specialist to assist the Head of the RCSA program in the First Line-of-Defense (1LOD) to execute a key operational risk management program across the organization.

Key Responsibilities:

  1. Management of the RCSA program deliverables - action plans, post-effectiveness testing, control evaluation, etc.
  2. Review workflows to minimize risks associated with the program and improve overall control environment.
  3. Development, maintenance, and ongoing enhancement of RCSA program Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)
  4. Review KPI/KRI framework, scorecards, dashboards to ensure appropriateness of metrics / key performance indicators for RCSA program.
  5. Development, maintenance, and ongoing enhancement of RCSA program controls including initiation of projects, where required.
  6. Implementation of controls to mitigate process risks.
  7. Strong stakeholder engagement to ensure identification of issues and timely completion of actions to meet deadlines.
  8. Ensure the RCSA system of record is functioning properly and engage in coordination with Third-Party vendor.
  9. Provide UAT testing support for system of record as needed.
  10. Improve overall risk management culture and knowledge via training/awareness sessions.
  11. Collaborate with senior management risk partners and lines of business partners to coordinate operational risk management activities.
  12. Contribute to establishing and maintaining program processes and practices which effectively ensure that the enterprise program remains current, and incorporates / aligns with industry standards and best practices as appropriate, while adequately covering regulatory requirements
  13. Manage or lead projects aimed at improving the overall program.
  14. Communicate identified risks to key stakeholders, organize remediation action plans, and track identified risks to closure.

About Us: As a Northern Trust partner, 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.

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.

We are committed to working with and providing reasonable accommodations to individuals with disabilities.



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