Associate Specialist, BU Controls at Northern Trust

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Strong knowledge of Operational and Enterprise Risk Management (ERM) with a proven track record of working across multiple areas of businesses and functions
Knowledge of ERM trends and statistical techniques for operational risk management
Project management and executive reporting experience
Strong consultative, process diagnostic and problem-solving skills with the ability to rapidly understand the business context, process and synthesize large amounts of data to identify and advise the business on risk mitigation or issue resolution
Ability to build and document processes, assess risk, identify and communicate solutions, and drive change
Strong influencing, facilitation and consensus building skills across the organization levels
Dynamic relationship building and partnership skills; a strong collaborator with experience leading initiatives across multiple groups and stakeholders
Good communication and influencing skills, both written and verbal, with demonstrated ability to develop materials and effectively present to and persuade executive, Risk and Audit audiences and regulators
Flexibility and ability to rapidly adapt to change and shifting business priorities
Global outlook with sensitivity and awareness of social and cultural differences
Strong situational awareness and decision-making capabilities
Excellent prioritization skills and comfort dealing with ambiguity
A graduate degree in Finance or Risk and/or another appropriate academic major
10-12 years of experience at large financial institutions or public accounting firm in a Risk Management or Control Practice (Asset Management experience desired)
Eligibility: 3 years as Operations

Responsibilities

Support NTAM Control leadership in the implementation of the NT Operational Risk framework and ensure adherence with control processes and practices
Support the implementation and monitoring of key Control programs such as RCSA, Business Continuity, Operational Resilience, Fraud etc
Identify and ensure that key controls are adequately documented; oversee the periodic testing of key controls to ensure Control adequacy and effectiveness
Participate in the development of automated tools to support risk programs within 1LOD Control team’s responsibility
Manage accurate, timely and comprehensive reporting of controls effectiveness and compliance, remediation efforts to Management, 2LOD and 3LOD, Board, Regulators, and impacted business units, as applicable
Participate in projects devoted to remediating issues identified within audits and RCSAs, including enhancing control design through technology, automation, machine learning to reduce manual controls and enable preventative risk mitigation
Enhance reporting through the adoption of technology and analytics tools
Review region specific regulatory issues and provide control related recommendations for implementation
Partner effectively with business, risk, audit, legal, compliance, regulators and technology control functions to drive consistent and rigorous operational risk practices and control programs
Ensure timely escalation and reporting of control deficiencies, incidents, breaches, and losses due to control failure
Champion and reinforce a culture of good risk and control awareness by encouraging a control mindset with the business