Operational Risk Management Consultant-RCSA

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 Operational Risk Management Consultant is responsible for supporting the Head of RCSA to develop, oversee and monitor compliance with the Risk Control Self-Assessment (RCSA) Program.

The Consultant works to detect and advises management of potential risk issues and recommends procedural changes to mitigate risk.

They are responsible for researching and developing solutions for issues and will interpret and clarify standards and procedures in response to inquiries and requests for information.

You may also execute a broader role across the team in terms of recommending or developing operational efficiencies and / or producing and delivering presentations which assist the wider risk management department with understanding root causes of control gaps, industry trends, peer practices, etc.

This position will report to the Head of RCSA in Chicago.

The key responsibilities of the role include :

• Reviews, disseminates, and interprets RCSA standards and procedures. Works to proactively establish and document related standards and procedures within the parameters of any relevant laws and regulations.
• Verifies that activities meet any regulatory requirements and monitors outcomes / risk levels for the organization or assigned area.
• Consults with partners regarding daily decisions that could pose risk and conflict with existing standards or procedures.
• Communicates and provides advice and requirements to partners.
• Identifies situations which pose significant risk and guides partners in developing policies and / or procedures that create the proper balance between risk and reward.
• Support efforts to discuss the business / risk environment and issues / risks identified.
• Research applicable subject areas to support increased team and department knowledge.
• Supports data analytics, reporting, training, and tool development as required.

The successful candidate will benefit from having :

• Non-financial risk management or controls experience within a bank, asset manager, wealth manager, or consultancy company
• Strong communication, analytical and reporting skills.
• An ability to work in a fast-paced environment as part of a Global Risk team across multiple time zones and jurisdictions.
• 7 or more years of risk management experience with implementing and operating RCSA processes preferred but not required.
• Familiarity with GRC tools.
• A bachelor's degree or equivalent qualification.

LI-LK2, #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 MyHRH redacted .

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.