Operational Risk Analystics

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 Major Duties Responsible for overseeing the development of a high-quality risk analytics regulatory reporting and system implementation and maintenance Provides high level solutions to complex issues in modelling and measuring risk allocation of capital for performance measurement and other aspects of risk measurement Oversees and directs the development of a high quality risk analytics and or capital allocation framework for the Corporation Responsible for managing the model development validation and or quantitative analytical process for risk Ensures regular production of analytical work and reports Works directly with the team responsible for collecting operational loss event data to support them on technical matters related to system implementation Participate in maintenance of and initiatives to enhance the operational loss event data collection system functionality including system testing and self-service reporting solutions Supports internal capital allocation methodologies Ensures that capital modelling and allocation approaches meet both internal corporate needs and regulatory requirements of relevant regulations including Basel and the Comprehensive Capital Analysis and Review CCAR Operates independently has in-depth knowledge of the Non-Financial Risk function Displays a balanced cross-functional perspective liaising with the business to improve efficiency effectiveness and productivity Evaluates existing framework in relation to corporate objectives and industry leading practices Provides strategic direction on development needs and processes to achieve desired future state Seasoned multi-disciplinary expert with extensive technical and or business knowledge and functional expertise Provides technical and theoretical expertise to resolve risk issues and enhance overall risk framework Works with other risk teams to ensure that risk management policies processes and quantitative modelling approaches are consistent Strategic in developing implementing and administering programs within Risk Management Responsible for direct interaction with different committees and or Senior Management Acts as primary contact for Non-Financial Risk Quantification with regulators Audit Services and internal Risk Teams Carries out complex initiatives involving multiple disciplines and or ambiguous issues Conducts analysis independently ensuring accuracy and completeness Focus of role is on execution of strategic direction of risk measurement activities Provides input and support to budget management process Qualification A college or university degree and or relevant proven work experience is required Advanced degree in related field mathematics statistics economics or equivalent career experience preferred In-dept Functional Industry Knowledge is required Highly flexible and adaptable to change Skills Required Excellent oral and written communication skills are required Analytical and problem solving skills are required Technical skills systems knowledge e g R Python PowerBI Latex R Shiny is required Strong conceptual and technical knowledge of risk concepts and quantitative modelling techniques Prior leadership role in a risk measurement capacity Understanding of technology solutions for risk management and measurement Knowledge of operational risk management and strategic goals for the bank s business In depth knowledge of the Basel and CCAR regulations acquired through formal education and work experience is required Ability to communicate effectively verbally and in writing with all audiences including non-technical senior leaders in a structured manner Strong problem-solving skills e g ability to structure ambiguous problems and mobilize diverse teams to solve them ability to lead the team to define the root cause of issues Ability to move people to act e g convening structuring owning the agenda and facilitating meetings and workshops to lead groups to agreement and commitment to execute 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