Sr. Consultant - Risk Identification and Assessment

Company: Northern Trust Corp
Location: Chicago
Posted on: May 24, 2025

Job Description:

Sr. Consultant - Risk Identification and AssessmentSr. Consultant - Risk Identification and AssessmentApply locations: Chicago, ILTime type: Full timePosted on: Posted YesterdayJob requisition id: R140037About 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 Identification and Assessment Sr. Consultant is a key position within Northern Trust's enterprise risk management function, charged with the responsibility of supporting embedding and refining the risk identification and assessment processes across the lines of defense. As a key role in the 2nd line of defense, this Sr Consultant reports to the Risk Identification and Assessment Director and collaborates extensively with both the 1st and 2nd line teams. The core responsibilities encompass the maintenance of the risk identifications standard, the implementation of an emerging risk and material risk identification process, and the enhancement of risk assessment standards, including maintaining risk rating and materiality scales. This role involves collaborating on initiatives to ensure comprehensive risk identification, driving the detection of material and emerging risks, maintaining and advancing risk inventory technology capabilities, and conducting impact assessments to apply materiality thresholds. The Risk Identification and Assessment Sr Consultant supports the adherence to the aforementioned standards and is key in fostering a culture of risk awareness through training and monitoring adherence across the lines of defense.The key responsibilities of the role include:

• Support design, implement, and sustain standards for risk identification, emerging risks, risk assessment across lines of defense through training and adherence monitoring.
• Establish and maintain risk ratings and materiality scales used in identifying top and material risks.
• Support identification of top, material, and emerging risks.
• Maintain risk inventory technology capabilities.
• Keep abreast of industry trends, regulatory changes, and emerging risks to proactively identify potential threats and opportunities and evolve the risk management framework to align with changing business and regulatory practices.The successful candidate will benefit from having:
  • 9+ years of direct risk management framework experience at a large-scale financial services organization preferred, including enterprise risk management experience.
  • Demonstrated knowledge and experience in designing, training, and monitoring enterprise risk identification and assessment practices, supporting effective implementation and sustainability.
  • Proven capability in high-quality execution, including both independent execution, as well as supporting cross-functional stakeholders to drive change.
  • Familiarity with ServiceNow or similar Governance risk and Compliance tool, a plus.
  • Ability to accurately identify, escalate, and drive actions to mitigate priority risks.
  • Ability to think strategically, creatively, and logically to solve problems and drive risk management enhancements.
  • Ability to develop strong relationships and build stakeholder alignment on key initiatives.
  • Ability to lead projects from conception through execution and sustainment, leveraging sound change management principles and leveraging technical capabilities to arrive at the optimum solution.
  • Strong communication skills, including verbal and written communications to senior leaders and committees.Salary Range: $83,100 - 141,300 USDSalary 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.Reasonable 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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Keywords: Northern Trust Corp, Palatine , Sr. Consultant - Risk Identification and Assessment, Professions , Chicago, Illinois