Northern Trust

Reputational & Strategic Risk Specialist

Location
Chicago, IL/Hybrid
Salary
Unspecified
Posted
24 May 2024
Closes
24 Jun 2024
Ref
R126218
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.

Reputational and Strategic vulnerabilities are a critical focus for bank risk management groups.

Reputational risk captures the potential for decay in the bank’s standing with key stakeholders, which include shareholders, staff, clients, regulators, and the communities in which the company operates. Strategic risk refers to internal or external developments that render strategy ineffective or unachievable.

We are seeking a professional to help define and implement a monitoring program for reputational and strategic risk. This role will report to the Head of Strategic and Reputational Risk and have visibility at the highest levels of the organization.

The key responsibilities of the role include:

  • Crafting and maintaining policies on reputational and strategic risk, and responding to inquiries from examiners and auditors on practices in each area
  • Organizing discussions of reputational risk at the designated first-line governing committee
  • Review of strategy formulation and execution at the enterprise and BU level, and the creation of tracking measures to gauge risk
  • Participating in reviews of products and processes which might give rise to reputational or strategic risk
  • Monitoring industry developments and analyzing their potential impact on the company
  • Leading and participating in conversations with senior leaders on strategy
  • Defining and maintaining metrics (along with RAG ranges) related to reputational and strategic risk, and preparing quarterly reports in both areas
  • Developing a stakeholder scorecard to gauge the bank’s standing with shareholders, clients, partners, regulators, and communities

The successful candidate will benefit from having:

  • Strong experience in the financial services industry with an understanding of reputation risk and how it can impact financial institutions
  • Master’s level education, preferred
  • Strong communication skills both written and verbal with proven experience in interfacing comfortable across all organization levels.
  • Knowledge and/or experience of risk principles and financial products
  • Excellent analytical, problem-solving, and decision-making skills

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.

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.