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APAC Operational Risk Consultant

Northern Trust
Manila, Philippines
Closing date
Aug 3, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Scope of Work:

The Operational Risk Consultant role sits within the Risk Organization, reporting to the APAC Asset Servicing Risk, COO based in Hong Kong. The purpose of the role is to establish and deploy Risk Management guidelines and policies of 2nd Line of Defense; and embed Operational Risk Management Framework within the 2nd line of defense that will become an integral part of the Run The Bank (RTB) risk processes.

The role is a fundamental component within the APAC 2nd line of defense on leading execution of the core Change The Bank (CTB) operational risk initiatives across APAC, enabling and influencing the change within both 2nd Line of Defense and 1st Line of Defense across APAC, EMEA, and North America.

  • Responsible for establishing and deploy operational Risk framework across APAC in line with Northern Trust Enterprise Risk Management Framework. This includes processes and not limited to: Incident Management, business and product risk reviews, Outsourcing management.
  • Project manage and lead change management on operational risk initiatives across APAC to the first line of defense and second line of defense Risk teams across APAC.
  • Responsible for enhancing NT enterprise risk reporting at business unit risk level and at Entity view across APAC.
  • Participate in a comprehensive reporting and oversight program, ensuring accurate reporting for key metrics.
  • Involved in risk analytics and assessment on core Non-Financial Risk programs includes and not limited to Risk Control Self-Assessment (RCSA), Operational Incident management, Fraud Management.
  • Able to establish appropriate risk reporting that governs operational risk monitoring across first line of defense and Second line of defense risk oversight.
  • Oversee risk policy and change action plans to ensure adherence and compliance.
  • Be at the forefront to promote operational risk awareness within the organization.
  • Work as right hand person with APAC Risk, COO to deploy APAC Risk strategy initiatives across APAC
  • Support the implementation of new Risk programs and initiatives from the enterprise risk framework.
  • Lead and drive influence on changes in the Risk Profile, document and escalate any breaches to the local, regional and global management according to the internal policies and procedures.
  • Participate and facilitate responses to ad-hoc or scheduled queries (e.g. regulatory, internal/external audit) for the relevant Risk areas in scope.
  • University/College Degree with experience in the financial industry.
  • Experience with prior exposure to risk and a clear understanding of internal.
  • Experience in leading Risk Management initiatives is a plus.
  • Experience in Leading and executing change plans, managing stakeholders through change. Good knowledge to project management approaches, tools and phases of the project lifecycle.
  • Proven experience in implementing organizational risk management initiatives, inclusive of issues management and policy/regulatory change management.
  • Strong communication skills (written, verbal, meeting participation and presentation/facilitation) with the ability to influence at senior levels and deal with difficult situations.
  • Demonstrated ability to operate with flexibility, creativity, and a sense of urgency with a proven ability to manage in a changing business environment.
  • Independent problem-solving and attention to detail.
  • Proactive and results-oriented.
  • Six Sigma Certification will be an advantage.
  • Strong Knowledge Excel and/or VBA skills is a plus
Working with Us:

As a Northern Trust partner, greater achievements await. 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.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is 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 email our HR Service Center at .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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