Strategic Remediation Oversight- Non-Financial Risk Specialist at Northern Trust

Chicago, Illinois, United States

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

A college or university degree
15+ years experience in financial services, with 10+ years experience in a financial institution, or similar consulting experience in the financial services industry specifically in a non-financial risk area
Strong analytical, leadership, and organizational skills
Ability to work under pressure
Ability to multitask and demonstrate flexibility to change plans at short notice
Ability to communicate effectively in both oral and written forms, with all levels of staff and management
Demonstrate strong initiative and interpersonal skills, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversity
Ability to manage through critical issues and realign priorities and deliverables as needed
Ability to form evaluative judgment(s) based on analysis of information in complicated, unique and dynamic situations
Understanding of position and relationship within the overall function to achieve objectives

Provide effective review and challenge of critical Regulatory/Audit remediation initiatives across NTC including responses, remediation plans, remediation program, and regional and global key deliverables
Identify and escalate critical gaps in NTC’s responses and remediation initiatives and present feedback / challenge in management forums, in advance of the formal closure submission
Act as an advisor and provide guidance to business and corporate functions in responding to regulatory or audit inquiries, responses, and remediation plans and implementing remediation programs
Ensure that remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design, operational effectiveness and sustainability (where applicable)
Responsible for active stakeholder engagement by ensuring close collaboration with key stakeholders across the NTC and working closely with subject matter experts on relevant remediation programs
Work closely with the Head of Remediation Validation testing to ensure the testing plans are robust and aligned with the remediation activities undertaken and provide support on execution of key validation testing requirements
Remain current on regulatory rules and changes within the industry
Leverage a strong peer network and tap the industry to identify leading practices