Senior Credit Risk Management Specialist
1 month ago
Northern Trust is a globally recognized financial institution with a rich history dating back to 1889. As a Fortune 500 company, we provide innovative financial services and guidance to the world's most successful individuals, families, and institutions. Our commitment to service, expertise, and integrity has earned us numerous awards and recognition in the industry.
RoleAudit Services is seeking a skilled professional to join our global team of experts in Credit Risk Management. As a key member of our team, you will be responsible for assessing key credit risk management processes, including credit monitoring and ongoing review, counterparty stress testing, Current Expected Credit Losses (CECL) calculations, Single Counterparty Credit Limits (SCCL) monitoring, and Risk Weighted Assets (RWA) interpretations and calculations. You will work closely with other teams in the Internal Audit Department to improve our audit strategy and grow our credit risk audit coverage.
Responsibilities- Assess and evaluate credit risk management processes to ensure compliance with global regulatory requirements.
- Develop and implement effective audit strategies to enhance our credit risk audit coverage.
- Collaborate with other teams in the Internal Audit Department to improve our audit skills and knowledge.
- Provide expert advice and guidance to senior management on credit risk management matters.
- Conduct data analysis and provide recommendations to improve our credit risk management processes.
To be successful in this role, you will need:
- Expertise in credit risk management activities, preferably in the first line (e.g., complex credit origination, asset and liability management), second line (e.g., risk management oversight, limit setting and monitoring), and/or third line (e.g., internal audit) at a global financial services firm or through a similar regulatory supervisory role.
- Advanced degree in corporate finance, economics, mathematics, or statistics; or an accounting certification (e.g., CA, CFA).
- Knowledge of auditing techniques and approaches in the financial services industry.
- Ability to work in a fast-paced environment as part of a global audit team across multiple time zones and jurisdictions.
Northern Trust is committed to providing a supportive and inclusive work environment. We offer:
- Competitive compensation and benefits package.
- Opportunities for professional growth and development.
- Flexible working arrangements to support work-life balance.
- Access to cutting-edge technology and tools.
If you are a motivated and experienced professional looking to join a dynamic team, please submit your application. We look forward to hearing from you.
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