Operational Risk Expert
3 days ago
**About Northern Trust**
Northern Trust is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
The company provides innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to its enduring principles of service, expertise, and integrity.
With over 130 years of financial experience and over 22,000 partners, Northern Trust serves the world's most sophisticated clients using leading technology and exceptional service.
Job Description:
The role of an Operational Risk Specialist at Northern Trust involves providing cover for a 12-month role holder who will act as the Designated Person PCF39B (subject to CBI approval) for Operational Risk Management on behalf of Northern Trust Fund Managers Ireland Limited, which is authorized as a UCITS Management Company.
The individual will work within the global Risk team, focused on supporting the successful EMEA and APAC Asset Management business and reporting to the International Chief Risk Officer.
Key Responsibilities:
- Day-to-day oversight of operational risk processes, including business resilience
- Performing the DP for Operational Risk Management role
- Reporting to Boards and regulators
- Ownership of Risk Management Framework document
- Ownership of Risk Appetite Statement
- Monitoring and assessment of risk appetite
- Working with other Designated Persons across the entity
- Support of global non-financial risk processes
- Participation in cross-functional committees supporting ongoing governance and strategic developments
Requirements:
- A minimum of 5 years' experience in an asset management risk role or operational risk role in a regulated business
- A track record in a risk management capacity at a senior level, with detailed knowledge of asset management businesses, especially EU/UK regulated entities
- Suitable qualifications and experience that directly support the expectations of the PCF39B role (DP for Operational Risk Management)
- Experience with regulatory communication and expectations, as well as knowledge of relevant CBI, ESMA, and UCITS regulations
- A compelling written and verbal communicator, with the ability to adjust communication style to audience need when explaining complex situations
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