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.

About the Role:

Risk Management helps Northern Trust understand, manage and anticipate risks in a constantly changing environment. For climate risk, the work covers areas such as evaluating climate-specific risk, understanding regulatory change and ensuring that Northern Trust is prepared for the unique attributes of this forward-looking risk.

Climate-related financial and non-financial risks can impact a financial institution through a range of risk types.  Management should oversee the development and implementation of processes to identify, measure, monitor, and control exposures to climate-related financial and non-financial risks within the financial institution's existing risk management framework

As a member of the Global Climate Risk team, reporting into the Chief Climate and Sustainability Risk Officer, you will help drive Northern Trust’s climate risk program across the risk management function and in conjunction with all lines of defence.

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The key responsibilities of the role include:

Coordinate and lead work with risk teams (e.g. credit risk, non-financial risk teams) and business units to develop effective climate-related risk analysis practices. For example, the monitoring of physical and transition climate-related risks through sectoral, geographic and single-name concentration analysisCoordinate and lead work with risk teams to develop appropriate risk measurement and reportingDevelop and drive to completion, a global climate risk scenario approach / framework that reflects relevant industry best practices, regulatory developments, and academic insightsIntegrate and ensure coherence between the climate scenario program and other risk management framework programs, in particular the existing  scenario analysis programsDevelop reporting  on climate risk frameworkPresent on climate risk framework matters to senior committees, including Board of Directors, and regulatorsEducate partners at all levels of seniority and across the three lines of defence on climate risk and how it impacts their rolesHave a strong understanding of global trends pertaining to regulation and standard setting related to climate risk.  Engage with global regulators on associated matters, as required.Support teams across geographies in developing and executing local climate risk requirements, including scenario analysis and stress testingParticipate in industry forums and dialoguesProvide thought leadership across Northern Trust in the area of climate riskCollaborate with partners on broader sustainability matters, including nature and social matters, as required

Skills / Qualifications:

Extensive experience in climate risk or financial risk managementExperience of scenario analysis / stress testing within risk management frameworksUnderstanding of the climate financial risk management domain, along with a wider knowledge about global climate risk policies and prevalent industry trendsStrong grasp of the governance, risk management and regulatory aspects in the banking industry pertaining to climate riskUnderstanding of the scope, capabilities, and limitations of relevant climate risk models and ESG data providersA good understanding of financial and non-financial risk management methodologiesThe ability to work across multi-disciplinary teams within risk management and lines of defenceThe ability to accept challenge from, and to challenge, stakeholders in a constructive mannerClear and concise written and communication skills including experience presenting to committeesStrong knowledge and understanding of global regulation related to climate risk, in particular Northern Trust’s lead regulators highly desirableAccreditation in climate risk management desirableStrong knowledge of Microsoft office productsStrong industry network

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. #MadeForGreater

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.