Specialist, Non-Financial Risk Management

Northern Trust Corp; Chicago, Northern (IL, KY); Hybrid; USD 115,000 - 195,000; Full time

Benefits offered by this job

retirement benefits (401k and pension)

health and welfare benefits (medical,

paid time off

parental and caregiver leave

life & accident insurance

discretionary bonus program

Job summary

Northern Trust is seeking a seasoned risk management professional to join a global Non-Financial Risk Management team. The role emphasizes advising, reviewing, and challenging risk matters aligned to policies and standards, with regular interaction with senior leaders to develop practical solutions.

Candidates should have extensive experience in financial services risk management, strong judgement, and the ability to influence across the organization.

Qualifications

• 7+ years of Fortune 500 risk management consulting or dedicated second line risk management experience in financial services.
• Exposure to ORX or similar risk designations is a plus.
• Strong understanding of risk frameworks, controls, and technology risk.
• Excellent communication and business partnering skills.

Responsibilities

• Consult with first line leaders to ensure alignment with policies, standards and frameworks.
• Coordinate risk inventories, trend analyses and risk metrics.
• Present to committees and working groups as needed.
• Perform external and internal monitoring for risks against appetite.
• Liaise with leaders to support technology and process change initiatives.
• Support regulators and auditors with risk-related information.

Skills

Risk management

Stakeholder management

Professional judgement

Negotiation

Relationship building

Education

PRM

ORM

Enterprise Risk Mgmt Cert

Operational Risk Mgmt Cert

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

This Specialist role offers a hybrid work arrangement and is aligned as an enabling function to the Asset Management business unit of Northern Trust Corporation. Northern Trust Corporation is a leading global provider of diversified financial services to corporations, institutions, affluent families and individuals. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.

The Specialist will be a key member in a global Non-Financial Risk Management team providing advice, review, and challenge on risk related matters aligned to policies and standards. This role will establish and maintain close working relationships with key stakeholders and have intimate access to leaders working to develop solutions for real-world issues - excellent exposure for a risk management professional looking to further their career in asset management and financial services.

Key Responsibilities

• Consult with first line leaders to ensure alignment with Northern Trust Corporation and Assessment Management policies, standards, and frameworks, including in relation to: governance practices; risk appetite, self-assessment, monitoring, and reporting; control identification, design and effectiveness assessments; operational resiliency; cybersecurity; third-party risk management; privacy; process change management
• Independently manage and/or coordinate:
  - Business unit risk inventory assessment
  - advice/review/challenge
  - including the identification of trends or changes to likelihood, impact, and materiality
  - Business unit risk metric aggregation, analysis, and reporting
  - advice/review/challenge
  - to support governance committee oversight
• Participate in and/or present to various committees, steering groups, working groups
• Perform external continuous monitoring for consideration of impact to Northern Trust Corporation and Assessment Management, as well as internal continuous monitoring on business change initiatives to ensure risks are identified and aligned with risk appetite
• Liaise with first line leaders and contribute thought leadership to technology/digital development initiatives/operating model/business processes/controls
• Support leaders ahead of liaising with regulators, governance specialists and internal/external auditors

Qualifications and Experience

• 7+ years of Fortune 500 risk management consulting or dedicated second line risk management experience in financial services, with preference to direct experience in asset management
• Membership and exposure to ORX a plus, as well as risk designations and certificates such as: Professional Risk Manager (PRM); Operational Risk Manager (ORM); International Certificate in Enterprise (or Financial Services) Risk Management; Certificate in Operational Risk Management
• Proficient in insight generation, professional judgement, influence, negotiation, and conflict management
• Proficient understanding of risk frameworks, risk assessment, internal controls, including technology; business process and root cause analysis techniques
• Advanced ability and desire for relationship management and business partnering, including listening, oral, written communication
• Believes in the power of a diverse team and ideas, flexible and open to coaching, understands ethics and integrity
• Behaves like a business owner, maintains attentional to detail, and maximizes productivity

Salary Range: $114,700 - 194,900 USD (Salary range is a good faith estimate of base pay.)

Northern Trust provides a comprehensive benefits package including:

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Terms and Conditions

Candidate Privacy Notice Canada Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America

European and Asia Pacific EEO Statement

APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO Statement

Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

Europe, Middle East & Africa EEO Statement

EMEA EOO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

United States EEO Statement

USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)