Fraud Risk Oversight Senior Consultant

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.

Northern Trust Job Description
Job Title:
Fraud Risk Oversight - Senior Consultant

Summary:
Responsible for providing independent Second Line of Defense (2LoD) oversight, review and challenge to the First Line of Defense (1LoD) and various Business Units (BU) to ensure that Northern Trust's enterprise fraud policies and applicable risk management framework is effectively implemented to mitigate fraud risks.

Responsibilities

• Lead independent oversight of the 1LoD and BU fraud risk management activities.
• Review and challenge the effectiveness of 1LOD fraud prevention, detection, authentication, training and response strategies.
• Assess and advise the adequacy of the fraud risk control environment to ensure that they are aligned with regulatory expectations and industry best practices.
• Observe key risk indicators and fraud performance metrics to identify emerging risks.
• Direct ad-hoc targeted risk assessments to assess impacts of internal, external and regulatory fraud risks.
• Proactively open fraud-related Issues to enhance the fraud control environment and hold BUs accountable to remediating any identified Issues.
• Execute the development and maintenance of the enterprise fraud program and policies to ensure adherence with internal frameworks and regulatory requirements.
• Advise on the design and implementation of new or enhanced fraud risk controls.
• Collaborate with 1LOD on fraud risk training and awareness programs for internal employees and external clients.
• Stay current on industry trends and collaborate with peers in the industry.
• Lead fraud risk-related projects and initiatives to improve the organization's fraud risk management capabilities.
• This role may also provide oversight, review and challenge of other Non-Financial risk domains as assigned

Requirements

• 7+years of fraud experience in a financial institution or related industry.
• Subject matter expert in fraud risk management frameworks, regulatory requirements and industry standards.
• Certified Fraud Examiner (CFE) or similar professional certification preferred.
• Innovative mindset with a proactive approach to problem solving.
• Strong ability to analyze and interpret complex data sets and metrics.
• Proficient written and verbal communication skills and the ability to work independently and collaboratively with other business units.
• Ability to exercise good judgment to make timely decisions, while working in a fast-paced and results-driven environment.

Eligibility for Internal Partners

• 3 years as a Team Leader to move as a Section Manager currently at an Officer level.
• 24 months as a Consultant to move as a Senior Consultant. Movement within Senior Consultant and Section Manager is applicable if they have prior 36 months of people management experience.

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.

About Our Pune Office
The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.