Risk Treatment Specialist

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, 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 Risk Treatment Specialist is a key position within Northern Trust’s Enterprise Risk Management (ERM) function, charged with the responsibility of overseeing issues management and risk treatment. Sitting within the 2nd line of defense, this Specialist reports to the Head of Risk Treatment and will play an important role in governing issues management and risk treatment and related activities establishing deep relationships with the 1st line of defense and other key stakeholders.

The core responsibilities encompass oversight of governance, program adherence, system integration, and thematic analysis. The Risk Treatment Specialist role will support the Head of Risk Treatment is fostering a proactive approach to issues management across the lines of defense.

• Support sustaining and embedding issues management and risk treatment practices across lines of defense through adherence monitoring
• Maintain applicable ERM Policies, Standards, and Procedures for issues management and risk treatment
• Produce impactful and insightful thematic analysis to support proactive risk management
• Maintain monitoring and oversight of issues management, policy exceptions, and tracking and reporting on alignment with applicable ERM Policies and Standards
• Engage with Data & Technology teams and Risk Enablement team for relevant GRC tooling enhancements and bug remediation to ensure continued alignment to Policies and Standards
• Interact with risk treatment and issues management leadership across the organization to clearly articulate workflow requirements
• Work across the lines of defense to coordinate changes, provide review and challenge, and respond to audit and regulatory requirements

• 10+ years of Risk Management experience to include one of the following:
  Operational Risk, Financial Risk, Cyber Resilience, Cybersecurity, Risk Management, IT Risk and Control, and/or IT Audit
• Strong working knowledge of the inherent risks in the financial services industry
• Demonstrated knowledge and experience in designing, training, and monitoring enterprise risk treatment practices, supporting effective implementation and sustainability
• Proven capability in high-quality execution, including both independent execution, as well as influencing cross-functional stakeholders to drive change
• Experience with risk treatment and issues management functions and industry tools to support the program (i.e. Service Now, Fusion, Coupa)
• The ability to think strategically, creatively, and logically to solve problems and drive risk management enhancements
• The ability to lead projects from conception through execution and sustainment, leveraging sound change management principles and technical capabilities to arrive at the optimal solution
• Analytical and communication skills required to summarize and analyze information
• Organizational skills required to coordinate risk related activities with peers and senior executives
• Advanced Microsoft Office 365 skills

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)

$108, USD

Salary range is a good faith estimate of base pay.…