Risk Framework & Reporting Manager

Melbourne, Victoria, Australia
09 Jun 2022
09 Jul 2022
Contract type
Full time
Experience level

Who we are

Northern Trust is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. For more than 130 years, our success has been anchored in one purpose: to serve as our clients’ most trusted financial partner, guarding and growing their assets as though they are our own. Our market-leading technological capabilities—spanning from artificial intelligence for currency management, blockchain for fund administration and cloud-based solutions to deliver personalized wealth management services—allow us to deliver the highest level of service to our clients with speed and precision.

What we do

Northern Trust’s international business has grown dramatically over the last decade. Some of our largest clients are located in Asia and Australia, which represents a rapidly growing client base for the company. Our intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Currently, we have client offices in Beijing, Hong Kong, Melbourne, Singapore, Seoul, Tokyo and Kuala Lumpur.

Northern Trust is proud to serve the Australian community with global capabilities, meaningful insights and exceptional service. Institutional clients across Asia Pacific have relied on Northern Trust for effective solutions and ethical guidance across asset servicing and asset management since 1986.

Role Summary

Reporting into the Head of Risk Framework and Reporting, this role will assist with monitoring the performance of risk against internal risk appetite and provide the insights via data analysis utilising different tools. 

You will be responsible for coordinating and delivering on various risk reporting and assisting the implementation of risk culture programs.  This role will also serve as the secretary to the Australia Risk Management Committee that the Chief Risk Officer chairs.

What you will do

  • Coordinate and manage the delivery of various risk reporting needs including quarterly risk report to Australia Risk Management Committee, reporting to Senior Officer Outside Australia, risk reporting relating to the Accountability Regime and other reporting to regional and global risk forums as and when required
  • Assist in the review and ongoing maintenance of Risk Management Framework for the Northern Trust Australia (Melbourne Branch) including risk appetite statements and risk management strategy to ensure they are commensurate for the Australian business whilst ensuring alignment with the global frameworks.
  • Advise the first lines on the application of various elements of Risk Management Framework 
  • Assist in integrating risk into the business planning process through the review of risk appetite in conjunction with the business plan and line 2 risk assessment of strategic/business initiatives
  • Monitors the performance of risk against appetite and use of KRIs and metrics to report on risk management
  • Conducts assessments of risk culture on a periodic basis and action plan to support maturity
  • Supports and provide input into the development and implementation of risk culture frameworks and measurement methodologies including managing risk culture assessment process to identify risk culture themes and insights
  • Supports the delivery of risk culture initiatives to strengthen risk culture including risk culture monitoring and reporting
  • Assist in the delivery of annual risk management declaration to APRA including documenting the supporting risk assessment and evidence and obtaining management attestations 
  • Assist in internal and external reviews including supporting the annual external audit process in liaison with Finance and Compliance functions 
  • Provide secretarial support to the CRO as the secretary for the Australia Risk Management Committee including coordinating meeting papers and taking minutes and actions
  • Monitor regulatory developments impacting Risk Management Framework including assessment of impacts and implementation of regulatory change
  • Contribution to the team:
    • Interacts with business partners, regulators, and internal and external auditors on regulatory topics.
    • Assists management to work towards the Company’s strategic goals.

Your Knowledge/Skills

  • Tertiary qualification in Business/Law/Risk or the related fields is preferred
  • 5-7 or more years of experience working in risk management within Australia’s financial services or APRA regulated entities
  • Strong knowledge of risk management frameworks, risk culture, APRA and ASIC risk management requirements
  • Knowledge of Company’s strategic goal and experience or studies in Risk related fields
  • Strong verbal and written communication skills
  • Proven experience in delivering high quality and timely deliverables
  • Strong analytical skills to analyse information for insights
  • Experience in data analytics and reporting with a range of visualization software (i.e. PowerBI) is highly regarded
  • Experience in stakeholder management or a proven ability to influence stakeholders

As of 31 March 2022, Northern Trust Corporation had:

  • $15.5 trillion in assets under custody/administration
  • $12.0 trillion in assets under custody
  • $1.5 trillion in assets under management
  • $173 billion in banking assets

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve! 

We recognize the value of inclusion and diversity in culture, in thought, and in experience. Which Is why we are honored to receive the following awards in 2022:

  • Gender Equality Index Member, Bloomberg, 2022 (5th consecutive year)
  • Top ranking of 100% on the Human Rights Campaign Foundation’s, Corporate Equality Index, 2022 (For the 15th consecutive year, Northern Trust has scored 100% and earned the designation as a “Best Place to Work for LGBTQ Equality”)

In Australia, we are actively involved in many ways with both community and diversity organisations, which includes charity participation days. For families, we offer a very generous parental leave scheme, and all staff have access to subsidised health insurance if they choose. 

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 ethical companies. Build your career with us and apply today!

  • Want to learn more about our company? Visit www.northerntrust.com   
  • We are a leading global financial institution- Click here to check out our company accolades! 

For further information, and to apply, please visit our website via the “Apply” button below.