Operational Risk Consultant

4 weeks ago

London, Greater London, United Kingdom Northern Trust Full time

Northern Trust, a distinguished financial institution with a legacy dating back to 1889, is recognized globally for its commitment to excellence in financial services.

We take pride in delivering innovative solutions and expert guidance to our esteemed clients, including individuals, families, and institutions, while adhering to our core values of service, expertise, and integrity.

With over 130 years of experience and a workforce exceeding 22,000 professionals, we cater to the needs of the world's most sophisticated clientele through cutting-edge technology and exceptional service.

Position Overview: The Senior Consultant for Risk and Controls Self-Assessment (RCSA) plays a pivotal role in executing a comprehensive operational risk management program across the organization.

This role requires a robust technical understanding of risk management, particularly in relation to RCSA processes and activities within the financial services sector.

The successful candidate will:

  • Manage RCSA program deliverables, including action plans, post-effectiveness testing, and control evaluations.
  • Analyze workflows to identify and mitigate risks associated with the program, enhancing the overall control environment.
  • Contribute to the development and ongoing refinement of RCSA program Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).
  • Review KPI/KRI frameworks, scorecards, and dashboards to ensure the relevance and appropriateness of metrics.
  • Develop and maintain RCSA program controls, initiating projects as necessary.
  • Implement controls to mitigate process risks effectively.
  • Provide User Acceptance Testing (UAT) support for relevant systems as required.
  • Enhance the risk management culture through training and awareness initiatives.
  • Collaborate with senior management and business partners to coordinate operational risk management activities.
  • Contribute to the establishment and maintenance of program processes that align with industry standards and regulatory requirements.
  • Lead projects aimed at improving the overall program.
  • Communicate identified risks to key stakeholders, organize remediation action plans, and track risks to resolution.

Applicants should possess strong experience in financial services, particularly in operational risk, controls, or audit. A working knowledge of audit, risk, and operational management concepts is essential, along with the ability to interpret the implications of decisions and identify potential issues.

Familiarity with systems such as Fusion and/or Salesforce, as well as experience in performing regression testing, is advantageous.

At Northern Trust, we foster a flexible and collaborative work culture where financial strength and stability empower us to explore innovative ideas. We encourage movement within the organization, ensuring accessibility to senior leaders and a commitment to community service.

Reasonable Accommodation: Northern Trust is dedicated to providing reasonable accommodations to individuals with disabilities throughout the employment process.

For further information and to apply, please visit our website.

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