Strategic Risk Management Leader
3 weeks ago
About Northern Trust, a Fortune 500 company with over 130 years of financial experience. We are a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
We 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.
The Chief Risk & Resiliency Officer is responsible for leading the first line of defense in executing the Enterprise Risk Management Framework, focusing on Non-Financial Risk Management and Operational Resiliency.
Key Responsibilities:
Executive Leadership and Strategy:
- Provide strategic leadership across the organization, focusing on risk management and resiliency.
- Engage with senior leaders, regulatory bodies, and committees on risk matters.
Risk Identification and Assessment:
- Conduct regular risk assessments across business functions to identify operational, compliance, and reputational risks.
- Analyze risk likelihood and impact to prioritize critical risks and develop mitigation strategies.
Risk Mitigation and Control Implementation:
- Develop and implement effective controls to manage identified risks within risk appetite.
- Partner with control teams to ensure controls are well-documented, communicated, and tested for effectiveness.
Resiliency Planning and Response:
- Develop and maintain business continuity plans and disaster recovery strategies.
- Conduct scenario-based exercises to assess resilience capabilities and identify areas for improvement.
Stakeholder Management, Reporting, and Communication:
- Collaborate with departments to ensure alignment on risk management practices.
- Regularly report status on risk and resiliency progress to senior management and stakeholders.
Culture and Awareness:
- Promote a culture of risk awareness and proactive risk management across the enterprise.
- Foster an environment where employees understand their role in managing risk and are comfortable raising issues and concerns.
This role requires a strong understanding of risk management principles and practices. The ideal candidate will have a proven track record of leading risk management initiatives and collaborating with cross-functional teams.
The salary for this position is estimated to be around $180,000 - $220,000 per year, based on industry standards and location.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities.
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