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Consultant, Risk - Asset Management

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Risk Management/Compliance
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75209 Requisition #
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The roles focuses on assessing the operational risk within the business, advising the business on how to manage changes in the risk profile and providing assurance over effectiveness of key business controls. Under general direction, oversees the review, interpretation, and dissemination of current and proposed risk policies and procedures. Provides consultation and advice to partners regarding risk mitigation and compliance.

 

 

1. Works to proactively establish and document related policies, procedures and standards within the parameters of any relevant laws and regulations. Verifies that activities meet any federal, state and/or local legal and regulatory requirements and regulations and monitors outcomes/risk levels for the organization or assigned area.

 

 

2. Identifies situations which pose significant risk and guides management in developing policies and/or procedures that create the proper balance between risk and reward.

 

 

3. Consults with partners regarding daily decisions that could pose risk and conflict with existing policy. Communicates and provides risk mitigation advice and requirements to managers and appropriate personnel.

 

4. Reviews new business and new products for scalability and operating risks.

 

5. Monitors and advises on significant change management projects.

 

6. Contributes to the production of integrated risk reporting.

 

7. Interacts with regulators, internal and external auditors on regulatory topics as needed and appropriate.

 

8. Provides direction and training to more junior staff.

 

9. Serves on internal and external groups to provide and receive advice on industry trends.

7 + years of risk management or compliance experience. Knowledge of risk management and strategic goals for the bank's asset management business.


Strong knowledge of regulations, federal, state, and local laws and regulations that impact key activities.


Communication and analytical skills are necessary to consult with partners/clients, and analyze information and to develop compliant policies and procedures.


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 18,500 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.


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.


As of December 31, 2018, Northern Trust Corporation had:


$10.1 trillion in assets under custody/administration

$7.6 trillion in assets under custody

$1.1 trillion in assets under management

$132 billion in banking assets

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement