Chief Risk & Resiliency Officer (1LOD) at Northern Trust in Chicago, Illinois

Job Description:

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 Chief Risk & Resiliency Officer is responsible for:

Executive Leadership and Strategy:
• Provide strategic leadership and direction across the first line of defense with regards to executing the Enterprise Risk Management Framework, with special focus on Non-Financial Risk Management and Operational Resiliency.
• Engage with the Board of Directors, Risk and Operating Committees, internal Executive Leadership and external regulatory bodies on risk and resiliency matters.
• Participate in key committees to provide insights and guidance on risk and resiliency matters.

Risk Identification and Assessment:
• Conduct regular risk assessments across all business functions within their area to identify potential risks related to operations, compliance, financial performance, reputation, and strategic objectives.
• Analyze risk likelihood and impact to prioritize critical risks and develop mitigation strategies.
• Utilize data analytics and key risk indicators (KRIs) to monitor emerging risks and trends.

Risk Mitigation and Control Implementation:
• Develop and implement effective controls to manage identified risks within risk appetite.
• Partner with the Chief Control Officer and business unit and corporate group control teams to ensure controls are well-documented, communicated, and regularly tested for effectiveness.
• Work with senior leaders to embed risk management practices into daily operations and decision-making processes.

Resiliency Planning and Response:
• Develop and maintain business continuity plans (BCP) and disaster recovery strategies to minimize disruption from potential disruptions.
• Conduct scenario-based exercises to assess resilience capabilities and identify areas for improvement.
• Coordinate incident response activities during crisis situations, ensuring effective communication and decision-making.

Stakeholder Management, Reporting and Communication:
• Collaborate with other departments including compliance, internal audit, and second-line defense to ensure alignment on risk management practices.
• Regularly report status on risk, resiliency and mitigation progress to senior management and relevant stakeholders.
• Foster a culture of open communication and risk awareness within the business unit.
• Escalate critical risks and emerging issues requiring immediate attention to appropriate governance committee and executive leadership.

Culture and Awareness:
• Promote a culture of risk awareness and proactive risk management and resiliency planning across the enterprise.
• Foster an environment where all employees understand their role in managing risk and are comfortable raising issues and concerns.
• Provide training and guidance to employees on internal principles, policies, and procedures.
• Contribute to the development and implementation of risk management strategies and initiatives to enhance organizational resilience and sustainability.

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.