Asset Servicing Risk Consultant

2 weeks ago


Manila, National Capital Region, Philippines Northern Trust Full time

Job Title: Business Risk and Control Specialist

About Northern Trust:

Northern Trust is a globally recognized, award-winning financial institution with a rich history dating back to 1889. As a Fortune 500 company, we provide innovative financial services and guidance to the world's most successful individuals, families, and institutions.

Job Summary:

We are seeking a highly skilled Business Risk and Control Specialist to join our team. This role will be responsible for providing critical support to our Business Risk and Control (BURM) function, ensuring the effective management of operational risk and compliance risk frameworks.

Key Responsibilities:

  • Data gathering and review of assessment or reassessments
  • Follow-up on identified issues or trigger events, ensuring all activities needed to close out trigger events have been properly completed
  • Document challenge points before BURM review and approval
  • Participate in RCSA process, partnering with 1st line control before BURM approval
  • Build BURM RCSA reporting for Securities Services
  • Support the BU CRO by creating and maintaining a library of Risk Governance Committee Documents
  • Play a key role in the quarterly BURM and Legal Entity risk reporting exercises for Capital Markets
  • Help maintain BURM standards for Risk Reporting, RCSA Management
  • Manage BURM central TEAMS/SharePoint repository
  • Lead the response for BURM information request, meeting materials, or any external material request
  • Synthesize information from 1st line of defense council, product and process risk committee, and North America Regulatory Forum, for BURM specific relevance
  • Engage with 1st line of defense control on account servicing losses and engage impacted BURM member for senior review
  • Business Continuity data reporting and engagement

Requirements:

  • College Degree Required
  • 7+ years of work experience
  • Excellent communication skills and the ability to build strong relationships
  • Strong analytical skills
  • Advanced Excel, PowerPoint, PowerBI skills recommended
  • Strong written skills
  • A general knowledge of Asset Servicing/Fund Services Operations
  • General understanding of Operational Risk and Compliance Risk Frameworks
  • Self-motivation and an ability to work with minimum supervision
  • Ability to work cooperatively within a team environment
  • Ability to manage multiple tasks simultaneously and with accuracy
  • Ability to synthesize large amount of data and present in succinct bullets
  • Inquisitive and enthusiastic approach to problem solving

Working with Us:

As a Northern Trust partner, 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. We value an inclusive workplace and understand flexibility means different things to different people.

We are 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 let us know.

We hope you're excited about the role and the opportunity to work with us. We look forward to learning more about your interests and experience.



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