Risk Management Framework Director
7 days ago
Northern Trust, a Fortune 500 company, is a globally recognized leader in financial services. With over 130 years of experience and more than 22,000 partners worldwide, we provide innovative solutions to the world's most sophisticated clients using leading technology and exceptional service.
The Process, Risk, and Control Taxonomy Director plays a crucial role in our enterprise risk management function, responsible for embedding and refining the PRC taxonomy across lines of defense. Reporting to the Head of Enterprise Risk Management, this Director collaborates extensively with both the 1st and 2nd line teams.
Key Responsibilities:
- Sustain and embed Process, Risk and Control Standard and Internal Control Standard across lines of defense through training and adherence monitoring.
- Drive consistency and quality of process and control documentation across risk domains, business units, and legal entities.
- Maintain Process, Risk and Control taxonomy and the Process and Control Inventory technology capability.
- Stay up-to-date with 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.
Requirements:
- Extensive experience in direct risk management framework roles at large-scale financial services organizations preferred, including enterprise risk management experience.
- Demonstrated knowledge and experience in designing, training, and monitoring enterprise PRC taxonomy and control identification practices, supporting effective implementation and sustainability.
- Proven ability to execute high-quality work, including both independent execution and influencing cross-functional stakeholders to drive change.
- Familiarity with ServiceNow or similar Governance, Risk and Compliance tools, preferred.
- Experience overseeing financial and/or non-financial risks, including interpreting and adhering to associated prudential expectations.
- Ability to accurately identify, escalate, and drive actions to mitigate priority risks.
Desired Skills:
- Strategic thinking, conceptual thinking, logical thinking, stakeholder management, project management, change management, digital literacy, and PRC taxonomy and control identification.
- Strong communication skills, including verbal and written communications to senior leaders and committees.
Compensation:$120,000 - $180,000 per annum based on experience and qualifications.
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