Strategic Remediation Oversight Non-financial Risk

1 week ago

Melbourne, Victoria, Australia Northern Trust Full time
Strategic Remediation Oversight Non-Financial Risk 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.


Role Summary
This is a key role in a newly created team, which engages with senior members of Northern Trust to enhance the internal control environment and support successful remediation of non-financial risk (e.g. operational risk, operational resilience, financial crime, compliance) regulator and significant audit findings.


The
Specialist provides practical guidance, functional expertise, expert direction, and execution rigor to significant non-financial risk remediation activities, and will help build strong, cross-functional relationships throughout the organization.

A good communicator, this individual promotes a collaborative approach to enhance the risk and control environment for the organization. The role will report directly to the Head of Strategic Remediation Oversight - Non-Financial Risk.

What you will do

Portfolio Management

  • Support the effective review and challenge of critical Regulatory/Audit remediation initiatives across NTC including responses, remediation plans, remediation program, and regional and global key deliverables
  • Working within the team to identify critical gaps in NTC's responses and remediation initiatives and present feedback / challenge in governance forums, including supporting information to regional and global senior management/risk committees across business, risk, and compliance, in advance of the formal submission to the regulators/Audit
  • Support clear and transparent updates on remediation progress to relevant risk forums
  • Act as an advisor and provide guidance to business and corporate functions in responding to regulatory or audit inquiries, responses, and remediation plans and implementing remediation programs
  • Determine if remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design, operational effectiveness and sustainability (where applicable)

Operational

  • Support the oversight of all significant remediation activities within assigned areas of responsibility as well as input to the running of the overall Significant Remediation Oversight and Governance management team.
  • Work closely with the Remediation Validation testing team to ensure the testing plans are robust and aligned with the remediation activities undertaken
  • Interact and partner with senior management to understand remediation plans, timelines etc., and challenge as necessary.
  • Maintain familiarity of and technical expertise with business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas
  • Stay current on nonfinancial risk regulatory rules and changes within the industry
  • Leverage a strong peer network and tap the industry to identify leading practices

About You

  • Tertiary qualification
  • Demonstrated technical abilities in select areas (e.g., Regulatory compliance, operational risk, operational resilience)
  • Proven experience in financial services, with experience in a financial institution, or similar consulting experience in the financial services industry specifically in a nonfinancial risk area
  • Strong analytical and organizational skills
  • Ability to work under pressure
  • Ability to multitask and demonstrate flexibility to change plans at short notice
  • Ability to communicate complex ideas topdown, ask targeted questions, give robust challenge to arrive at solutions
  • Excellent interpersonal skills displaying the ability to engage diverse set of stakeholders, understand their viewpoints, build longterm relationships, create a collaborative environment within the team
  • Persuades managers and leaders to take action and/or negotiates with internal partners such as Risk, Compliance & Audit

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.


Reasonable accommodation
We hope you're excited about the role and the opportunity to work with us. We

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