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.

Summary: Operational Risk Loss Event Data
The Operational Risk Loss Event Data (LED) Risk Consultant is a key member of the global Non-Financial Risk (NFR) organization. As the LED Risk Consultant, you will be an individual contributor in the second line of defense, and you will work closely with the LED Program manager, business unit risk and control managers, and business unit partners in the first line of defense. You will oversee the review, interpretation, and dissemination of current and proposed risk policies and procedures. You will provide consultation and advice to partners regarding risk mitigation and compliance and establish business development strategies to minimize risk and assure compliance with relevant laws and legislation.

Job title: Risk Consultant
Location: Bangalore
Experience: 6 to 8 years

Major Duties
• Support the responsibilities and requirements of the Operational Risk Loss Event Data Program as part of the Non-Financial Risk framework of enterprise level risk management programs.
• Work to proactively document and maintain the LED Program and related policies, procedures and guidelines within the parameters of relevant regulations, including Basel and the Comprehensive Capital Analysis and Review (CCAR). Support internal and regulatory change initiatives by adapting policies, procedures, and guidelines and providing requisite training. Maintain existing training tools and lead initiatives to expand training capabilities.
• Verify that activities meet regulatory requirements and monitor outcomes and risk levels for the assigned area within the organization. This includes involvement in completeness and accuracy control activities and quality control for Operational Loss Event Data. Operational losses include Account Servicing Losses and are reconciled to the General Ledger to verify completeness and accuracy. Consult with partners regarding activities that could conflict with existing policy. Serve as “go to” person for the group and promote sharing of expertise.
• Identify situations which expose Northern Trust to operational risk. Communicate and provide risk mitigation advice and requirements to managers and appropriate personnel. Assist with deepening the understanding of Northern Trust’s operational risk taxonomy.
• Participate in maintenance of and initiatives to enhance the Operational Loss Event Data collection system functionality, including system testing, creation of training material, and assistance for system users. Support data governance requirements.
• Contribute to data and risk insight reporting to business partners and to the development of on-demand, self-service reporting tools for internal and business partners’ use.
• Interact with regulators, internal and external auditors as needed and appropriate. Contribute to process and control improvements to strengthen the process efficiency and control effectiveness.
• Provide direction and training to more junior staff.
• Serve on internal and external groups to provide and receive advice on industry trends. 

Qualification
• BSc/BA diploma in management, finance, or accounting or equivalent; Master’s degree is desired.

Skills Required
• Knowledge of operational risk management and strategic goals for the bank's business. In depth knowledge of regulations acquired through formal education and work experience is required. 
• Strong financial and analytical skills.
• Ability to communicate effectively verbally and in writing with all audiences, including senior leaders, in a structured manner, including on high-sensitivity topics.
• Strong problem-solving skills, e.g., ability to structure ambiguous problems and mobilize diverse teams to solve them; ability to lead the team to define the root cause of issues.
• Ability to move people to act, e.g., convening, structuring, owning the agenda and facilitating meetings and workshops to lead groups to agreement and commitment to execute.

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.