Strategic Remediation Oversight - Financial Risk Sr. Consultant - Chicago Illinois

Company: Northern Trust Corp
Location: Chicago, Illinois
Posted On: 01/10/2025

Strategic Remediation Oversight - Financial Risk Sr. ConsultantAbout 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.Searching for a seasoned professional with extensive business experience and multi-disciplinary functional expertise focused on financial risk activity. Reporting to the Head of Strategic Remediation Oversight, Financial Risk, this individual will collaborate across the bank to drive strategic remediation efforts for financial risk issues.The key responsibilities include:

• Provide effective review and challenge of critical Regulatory/Audit remediation initiatives across NTC including responses, remediation plans, remediation program, and regional and global key deliverables
  • Identify and escalate gaps in NTC's responses and remediation initiatives.
  • Provide quality assurance and challenge on deliverables to ensure that the deliverables are ready for Audit and regulatory review as required.
  • Support program managers to deliver remediation programs through constructive and collaborative engagement to:
    • Ensure alignment with the requirements and standards set out by the Enterprise Risk Management function.
    • Assess the improvement opportunities that can be leveraged cross functions/business lines/locations to improve delivery speed and drive process and control alignment.
    • Support the identification of controls required to support new/improved processes, including roles and responsibilities for operation, supervision, and governance.
    • Identify and manage Level 1&2 issues, in coordination with the impacted business and control areas.
    • Work cross-functionally with other staff to provide guidance to business and corporate functions in responding to regulatory or audit inquiries, responses, and remediation plans focused on operational risk
      • Coordinate the issue management teams and provide support to the issue pod required as part of the issue management process.
      • Work closely with the Head of Strategic Remediation Oversight, Financial Risk to ensure the support provided is robust and aligned with the remediation activities undertaken.
      • Maintain familiarity with and technical expertise in business unit(s) organizational structure.
      • Stay current on financial risk regulatory rules and changes within the industry.
      • Leverage a strong peer network and tap the industry to identify leading practices.The successful candidate will benefit from having:Required Skills / Experience
        • A college or university degree or equivalent work experience in a similar role.
        • 7+ years' experience in financial services, with experience in a financial institution, or similar consulting experience in the financial services industry, specifically in operations or a financial risk area.
        • Strong organization, attention to detail, time management, planning skills, and the ability to handle multiple competing priorities.Required Competencies
          • Excellent interpersonal skills displaying the ability to engage a diverse set of stakeholders, understand their viewpoints, build long-term relationships, and create a collaborative and inspirational environment within the team.
          • Ability to manage through substantial issues.
          • Ability to lead without authority as needed.
          • Confidence and expertise to advise management.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. #MadeForGreaterReasonable accommodationNorthern 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 MyHRHelp@ntrs.com.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.
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