Operational Risk Manager, RCSA

Who we are

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise, and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families to the most-successful hedge funds and corporate brands.

What we do

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise, and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families to the most-successful hedge funds and corporate brands.

What you will do

Summary

The Operational Risk Manager is a global role in managing Risk function and accountable for the performance management process and staffing for the unit. Participates in developing the strategic plan and manages the unit's expenses.

• Manages a Risk unit or function. Conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit.
• Provides leadership and education to business unit management related to risk management responsibilities and maintenance (of the 3 legged stool which includes: proper balance between risk management, client satisfaction, and financial results
• Determines staffing needs, makes hiring and firing decisions, handles salary administration, and ensures resources are available to accomplish priorities
• Participates in developing the business unit strategic plan and sets goals and priorities based on the direction set for the unit. Follows through to ensure that objectives are met.
• Develops unit(s) budget and manages the expenses for the unit
• Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, ad communication.
• Ensures that adequate training/cross training is provided for all employees.

What you must have

• At least 10 years relevant work experience in Risk, preferrably in RCSA.
• Knowledge of federal, state and local laws governing the organization's activities
• Analytical and communication skills are required to provide direction and guidance to staff, work with partners in Compliance and Legal areas, and consult with partners/ clients
• Leadership and organizational skills are required to direct the unit's activities.

Northern Trust is an equal opportunity employer. We aim for excellence in our efforts to recruit, develop and deploy the highest caliber workforce. Our commitment and success to a diverse workforce is evident in employee satisfaction and industry acknowledgment. For a list of all our achievements please click here.

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