Chief Risk Officer - The Northern Trust Company Ireland Branch at Northern Trust

Dublin, County Dublin, Ireland

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Pre-Approval Controlled Function (PCF-14) Chief Risk Officer designation, subject to Central Bank of Ireland (CBI) approval
Accountability to the management body for the independent risk management function of TNTC-IB
Ability to act in accordance with the PCF 14 Statement of Responsibilities for TNTC-IB
Capability to manage all aspects of the function with due skill, care, and diligence, including effective controls, risk management, mitigation, and delegation to skilled and competent persons
Knowledge of applicable laws, regulations, corporate policies, local standards, and service agreements
Understanding of the Central Bank (Individual Accountability Framework) Act 2023 Conduct Standards and global conduct framework

Responsibilities

Develop and maintain the risk management framework for Northern Trust Company Ireland Branch (TNTC-IB)
Ensure effective risk management policies, procedures, and processes to identify, measure, manage, and monitor all financial and non-financial risks within agreed appetite limits
Execute day-to-day responsibilities of the Chief Risk Officer, applying the corporate risk management framework and ensuring continuous measuring, monitoring, and controlling of risks
Ensure processes are in place to identify and manage risks to which the branch is or might be exposed
Coordinate and document risk management in accordance with laws, regulations, and policies aligned with the TNTC-IB business model
Oversee development and implementation of risk management policies to meet regulatory expectations
Provide risk oversight, including development and embedding of risk management framework, risk appetite statement, risk tolerance thresholds, and related risk reporting
Oversee, plan, and direct activities of the risk management function to meet objectives
Provide counsel to business unit managers on risk management issues
Participate in and/or present to senior management at the Branch Management Committee and other governance committees/working groups
Serve as a member of the Branch Risk Management Committee, providing second line challenge and oversight
Monitor applicable legislative and regulatory changes, communicate them to affected business units, abide by regulatory requirements, and handle regulatory interactions
Comply with corporate policies, local standards, and service agreements
Work with TNTC-IB Management team to develop and maintain organisational culture, values, and reputation with partners, clients, suppliers, counterparties, and regulators
Set the tone from the top by creating a culture of ownership and responsibility aligned with conduct standards, acting as a role model enforcing values and ethical standards

Skills

Key technologies and capabilities for this role

Risk ManagementRisk FrameworkFinancial RisksNon-Financial RisksRegulatory ComplianceCentral Bank of IrelandRisk MonitoringRisk ReportingPolicy DevelopmentRisk Appetite

Questions & Answers

Common questions about this position

What is the employment type for this Chief Risk Officer role?

This is a full-time position.

Is this Chief Risk Officer position remote or office-based?

This information is not specified in the job description.

What are the key responsibilities or skills required for the Chief Risk Officer role?

The role requires developing and maintaining the risk management framework, overseeing risk policies and processes for financial and non-financial risks, providing oversight and reporting, and ensuring compliance with regulations including CBI requirements.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with over 130 years of experience serving sophisticated clients using leading technology and exceptional service.

What qualifications make a strong candidate for this Chief Risk Officer position?

Strong candidates will have expertise in risk management frameworks, regulatory compliance especially with Central Bank of Ireland (CBI), and experience in overseeing risk policies, reporting, and providing counsel to senior management.