Senior Risk Consultant, Capital Markets

Location
Sydney, New South Wales, Australia
Salary
Unspecified
Posted
18 Nov 2022
Closes
18 Dec 2022
Ref
101892
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

About 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.

Role Summary

This is a Risk Management role within the growing second line of defense Risk Management team, that will play an key advisory role to the Northern Trust’s Capital Markets businesses by supporting first-lines of defense including the various business lines within Capital Markets and related support functions.

The Senior Risk Consultant will be responsible for providing independent Risk Management oversight and advisory to the Capital Markets business lines ranging from supporting with clients’ proposals review, due diligence, oversight over incidents/near misses, deep-dive/thematic reviews, advising on new/changes to products, processes etc.

Reporting to the APAC Capital Markets Business Unit Risk Manager, this role will work alongside line 2 risk SMEs (local, regional, and line 1 Capital Markets Risk and Resiliency partner) to support the businesses lines to identify, assess, mitigate and monitor risks and advocate for good risk management and strong risk culture.

The key responsibilities of the role include:

  • Support management in providing independent oversight and challenge over first line risk management.
  • Assist management on identification and management of key risks within the Capital Markets Business – notably Brokerage, Securities Financing, Transition Management and FX to form a comprehensive risk profile across NT’s Capital Markets Business.
  • Provide advice to the Capital Market Business on the application of various aspects of NT’s Risk Management Frameworks, whilst working collaboratively with other second line Risk and Compliance SMEs, to ensure the Risk Framework is appropriately embedded and understood by the Capital Markets Business.
  • Coordinate and manage the delivery of various risk reporting needs including quarterly risk report to NTSA Management Committee and Board, provide input into risk reporting for Capital Markets Business across local, APAC and global risk reporting.
  • Implementation and continuous improvement of NTSA Risk Management Framework
  • Provide support and advice to the Brokerage business in application of any ASIC specific requirements.
  • Review and oversight of incidents and near-misses.
  • Support management to identify and assess potential risks associated with strategic projects, new/tailored products and services.
  • Develop and perform deep-dive and thematic review programs that are risk-based to deliver valuable insights and drive process and control improvements.
  • Supports the Business in identifying emerging risks including reviewing and challenging development of mitigating strategies and controls.
  • Supports management to develop and support practices to improve Risk Management processes and activities.
  • Advocate for good Risk Management practices, delivering training and support for the Business.
  • Provide Risk Management support on request for proposals, client due diligence/presentations, compliance statements and ad-hoc client queries.

Contribution to the team

  • Interacts with partners within the Capital Markets business lines and support functions, regulators, and internal and external auditors on regulatory topics.
  • Assists management to work towards the Company’s strategic goals.

About You

  • Tertiary qualification in Business/Law/Risk or the related fields is preferred.
  • 7 or more years of professional experience as first line Risk or second line Risk including business partnering roles within a Trading / Capital Markets environment.
  • Extensive knowledge of Capital Market products, operational processes and experience in managing associated end-to-end Risks.
  • Experience in managing risks relating to foreign exchange, interest rate, equity, liquidity, and other operational processes.
  • Good understanding of risk management framework, concepts and tools.
  • Ability to connect and build productive relationships at all levels and communicate with influence at executive and senior level.
  • Strong verbal and written communication skills to with the ability to consult and influence Business leaders and work within a collaborative team environment.
  • Strong team player with collaborative, consultative and pragmatic mindset.
  • Ability to operate independently, multi-task and manage competing priorities in a fast-paced environment.
  • Strong report writing and presentation skills.
  • Strong analytical mind with the ability to provide insights to assist the stakeholders in making key decisions.
  • Experience in leading/facilitating cross-functional meetings and workshops.
  • Good to have skills (additional) :
  • Strong working knowledge of obligations for the finance Industry, with a focus on ASIC and APRA.
  • Exposure to first line/second line/operational roles in Asset Servicing /Fund Administration/Capital Markets/Cash Payments operations are highly regarded

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.

In Australia, we are actively involved in many ways with both community and diversity organizations, which includes charity participation days. For families we offer a very generous parental leave scheme, and all staff have access to subsidized 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 sustainable companies! Build your career with us and apply today. 

Reasonable accommodation

Northern 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.

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

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