Senior Risk Management Consultant

1 week ago


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

Northern Trust is a leading global financial institution with a rich history dating back to 1889. As a Fortune 500 company, we have established ourselves as a trusted partner for individuals, families, and institutions seeking innovative financial solutions.

Job Summary

We are seeking a highly skilled Risk and Controls Self-Assessment (RCSA) Specialist to join our team. This individual will play a critical role in executing our operational risk management program, working closely with the Head of the RCSA program and other stakeholders to identify and mitigate risks across the organization.

Key Responsibilities
  • Manage RCSA program deliverables, including action plans, post-effectiveness testing, and control evaluation.
  • Review workflows to minimize risks and improve the overall control environment.
  • Develop, maintain, and enhance RCSA program Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).
  • Review KPI/KRI framework, scorecards, and dashboards to ensure appropriateness of metrics for the RCSA program.
  • Develop, maintain, and enhance RCSA program controls, including project initiation and implementation.
  • Implement controls to mitigate process risks.
  • Engage with stakeholders to ensure timely completion of actions and meet deadlines.
  • Ensure the RCSA system of record is functioning properly and coordinate with the Third-Party vendor.
  • Provide UAT testing support for the system of record as needed.
  • Improve the overall risk management culture and knowledge through training and awareness sessions.
  • Collaborate with senior management risk partners and lines of business partners to coordinate operational risk management activities.
  • Contribute to establishing and maintaining program processes and practices that align with industry standards and best practices.
  • Manage or lead projects aimed at improving the overall program.
  • Communicate identified risks to key stakeholders, organize remediation action plans, and track identified risks to closure.
Requirements
  • Ability to communicate effectively in a clear, concise, and professional manner.
  • 12+ years of financial services experience, with a minimum of 5 years of operational risk, controls, or audit experience.
  • Excellent working knowledge of audit, risk, and operational management concepts.
  • Ability to foster a positive and initiative-taking approach to process assessment and improvement.
  • Strong organizational, diligence, time management, and planning skills.
  • Experience performing user acceptance testing.
  • Ability to handle multiple competing priorities.
  • Ability to make independent decisions and be a team player and effective communicator.
  • Confidence and expertise to advise management and the business.
  • Ability to use initiative and work unsupervised in a proactive manner.
  • A collaborative approach to work and ability to build relationships with strong interpersonal skills.
  • Familiarity with Fusion and/or Salesforce is desired.
  • Experience performing regression testing is desired.


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