Sr. Consultant - ERM Risk Framework

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.

The Sr Consultant-Enterprise Risk Management Framework Support is a key position within Northern Trust’s enterprise risk management function, charged with the responsibility of ensuring alignment & adherence to the enriched enterprise risk management framework. As a key figure in the 2nd line of defense, this Sr. Consultant reports to the Director of Enterprise Risk Management Framework and will play a role in establishing relationships with the 1st line of defense. The role will be instrumental in fostering a culture of proactive & effective risk management through all phases of risk management Lifecyle, eg., risk identification, assessment, treatment, reporting, risk governance and monitoring & control adherence.  Good working knowledge of data analytics and reporting tool like PowerBI.

The key responsibilities of the role include:

• Aligned with the above noted primary responsibilities, the ERM framework Sr Consultant will be working with the team on identifying the full book of work for ERM, setting up governance structure for intake of new book of work including ERM staffing as it pertains to Corporate Risk and cross functional dependencies within the organization 
• Identify and escalate issues/risks in a timely manner and collaborate on resolution working with team/other stakeholders; challenge the status-quo, identify effective ways for problem solving in a more commercial way
• Be digitally savvy, have SDLC knowledge. Be able to identify/challenge requirements for the GRC platform to drive automation and improved user experience across all ERM capabilities. 
• Support ERM Engagement with external teams including Reg., Audit, COO and other business groups and enterprise functions & HR including on Training, Knowledge Share, Roadshows, Roles and Responsibilities mapping, skills assessment for effective 2nd line ERM effectiveness
• Collaborate with front line, COO office on updating and managing Risk Marketing materials. Work with team to resolve ERM Audit findings in collaboration with peer risk partners.
• Support engagement with OCM, Communications team on right level of messaging for several of the ongoing programs, training and course development where appropriate
• Work closely with Corporate Risk CAO and ERM leadership team on committees, governance, cadences, scheduling for risk and management committees where ERM hosts or is a key stakeholder
• Support management of spok/hub model and central repository for artifacts - in close collaboration with team and other peer members.
• Have a good handle on budget, training and related cost and expense management for the team , including forecasting
• Support the central project management office for a variety of ERM/Risk central initiatives including RCE, Reg remediation or activities that would be driven centrally out for Risk via ERM. Collaborate on weekly team status reporting for these initiatives

The successful candidate will benefit from having:

• 5+ years of risk management framework experience at a financial services organization preferred, including enterprise risk management experience
• Demonstrated knowledge and experience in suporting an enterprise risk management function, as well as supporting effective implementation and sustainability of projects and teams
• Proven capability in high-quality execution, including both independent execution, as well as influencing cross-functional stakeholders to drive change
• Familiarity with Governance, Risk, and Compliance tools, such as ServiceNow, is a plus.
• Ability to identify, escalate, and assist in driving actions to mitigate priority risks.
• Stakeholder management, project management, change management, digital literacy, and risk identification and assessment
• Strong communication skills, including verbal and written communications
• Strong organizational skills with the ability to manage multiple tasks and deadlines effectively.
• Project management and change management capabilities.
• Digital literacy and proficiency in re