Risk Enablement 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 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 Enablement Specialist is a key leadership position within Northern Trust's enterprise risk management function, charged with the responsibility of engaging with Technology teams, ERM Leadership and the Risk ELT to ensure that risk management needs are met in an efficient manner. As a key figure in the 2nd line of defense, this Specialist reports to the ERM Risk Enablement Director and will play a lead role in governing data and technology. The responsibilities also include oversight and backtesting of the ERM Framework effectiveness. The Risk Enablement Specialist role will be instrumental in fostering a culture of proactive risk treatment through training and monitoring adherence across the lines of defense.

The key responsibilities of the role include:

• Engage with Data/Tech teams, ERM Leadership, and Risk ELT related to risk aggregation needs, IT projects, and reporting deliverables

• Understand technology and data projects both from a business and technical aspects

• Understand and document business requirement documents, process flows, cost and resource estimates, project planning and implementation artifacts

• Act as liaison between ERM leads and technology to represent business requirements

• Become an expert at the Service Now GRC system across all modules so can better represent the business and ERM needs

• Understand business processes and analyze multiple data sources/systems

• Develop visualization dashboards and address any ad-hoc queries using SQL, PL/SQL and Power BI

• Develop solutions that a) leverage/extend existing Data Warehouse & Business Intelligence and analytics infrastructure, b) are integrated with data governance and enterprise solutions, c) are scalable, repeatable and effective and d) follow agreed upon governance and technology policies

• Identify opportunities for enhancing value proposition along with data chain and ensure issues are identified, tracked, reported on and resolved in a timely manner

• Plan/Setup meetings with key stakeholders (Business, Risk, Compliance, IT), manage the meetings through a structured agenda and document discussions

• Drive consistency and quality of process and assessment on ERM Effectiveness

• Lead and support the development and backtesting of ERM Framework effectiveness with 1LOD and 2 LOD requirements

• Lead the integration efforts across other RCE programs, as required

The successful candidate will benefit from having:

• 10+ years of experience in risk management, IT, or a related field within a financial services organization is preferred.

• Understanding of enterprise risk management & technology frameworks and project management skills.

• Familiarity with Governance, Risk, and Compliance tools, such as ServiceNow, preferred

• Ability to identify, escalate, and assist in driving actions to mitigate priority risks.

• Strategic and logical thinking abilities.

• Strong stakeholder management and communication skills, both verbal and written.

• Project management and change management capabilities.

• Digital literacy and proficiency in relevant software

#LI-LK2, #LI-Hybrid

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, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 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.