Risk Measurement Director-London

Job Description

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 worlds most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 yearsof financial experience and over 22,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service. At Northern Trust, weve earned the reputation as a reliable partner that our clients can count on to operate daily in an effective manner, no matter the circumstances. As such, resiliency is at the core of our value proposition and key to long-term value creationnot just for our clients, but also for our employees, shareholders and community. The Risk Measurement Director is responsible for 2nd line measurement, monitoring, and reporting of Northern Trusts risk tolerance. This role will work closely with the 2nd line executive leadership team, including the Chief Risk Officer, Chief AdministrativeOfficer, Head of Risk Strategy, Head of Financial Risk, and Head of Non-Financial Risk, etc. This role will also work closely with the 1st line leadership teams, particularly coordinating with Business Unit Chief Control Officers, to embed awareness and managementof the appetite across the organization. Key responsibilities include coordinating with the 2nd line executive leadership team to enhance risk appetite statements and risk metrics across risk categories and drive bottom-up quantification across legal entities, business units, and the corporation.Importantly, this role is also responsible for embedding the appetite throughout the organization to ensure awareness, proactive management, and timely escalation. The ideal candidate will have a track record of setting risk appetites at large financial institutions, defining and automating metric measurement, and coordinating with senior stakeholders across the organization. The key responsibilities of the role include:

• Lead the risk appetite and metrics enhancements, as part of an enterprise-wide risk and control enhancement program
• Provide strategic guidance to the 2nd line leadership team to drive enhancement in the definition, escalation, and reporting of risk appetites and metrics, with a focus on increasing forward-looking measures and stress quantification
• Coordinate with the 1st line leadership team to embed awareness and management of the appetite and tolerances across the organization
• Drive automation of measurement, monitoring, and reporting, in coordination with technology, data, and analytics teams, escalating and defining action plans for data needs
• Develop an approach to ensure consistency and bottom-up approach to measurement of appetite and metrics at legal entities
• Lead discussions at risk oversight committees, driving focused materials and points of risk discussions
• Oversee the regular refresh of risk appetites and metrics, with a critical eye on industry best practices and evolving regulatory requirements and expectations
• Serve as a liaison with regulators and auditors to support examinations, as well as continuous monitoring efforts

The successful candidate will benefit from having a fair amount of the following qualities:

• Proven experience establishing risk appetites and metrics at a financial services organization, preferably a GSIB
• Experience with financial and non-financial risk measurement and reporting and associated regulatory rules
• Proven capability in high-quality execution, including independently as well as moving cross-functional stakeholders to act
• Strong analytical skills (e.g., financial analysis, budgeting, and strategic planning)
• Strong communication skills, including verbal and written with all audiences, including senior leaders, in a structured manner, including on high-sensitivity topics
• Proven experience managing delivery of critical changes in complex environment
• Demonstrated ability to establish trust-based relationships with stakeholders across enterprise, including experience effectively reviewing and challenging and raising awareness of key stakeholders
• Knowledge of custody business is preferred
• Prior experience within a direct risk management measurement experience is preferred
• University/college degree in management or finance; An MBA or similar advanced degree is preferred
• Consulting experience is preferred

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. Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater Reasonable accommodationNorthern 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 . We hope youre 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.