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.

Financial Risk Regulatory Oversight Specialist

Summary:

The Financial Risk Regulatory Oversight (FRRO) team is looking to bring on an experienced financial risk regulatory specialist.

The successful candidate will be a subject matter expert in highly complex financial risk regulations, such as RWA, SCCL, and FRTB. 

This highly visible role is a key member of the team – ensuring the company has appropriately interpreted and implemented the regulations by reviewing and challenging interpretations, leading ongoing and ad hoc reviews, and supporting the interpretation and implementation of new regulations.  

Major Duties:Reviews and challenges financial risk regulatory interpretations and practices to ensure that activities meet federal, state and/or local legal and regulatory requirementsServes as a second line of defense subject matter expert on financial risk regulationsEnsures compliance by coordinating regulatory and practice issue remediation activities for the Financial Risk Management department and updating departmental policies and procedures as needed.Manages regulatory projects, including developing and executing plansCoordinates policy, procedure, and standard updatesInteracts with regulators, internal and external auditors on regulatory topicsConsults with partners regarding daily decisions that could pose risk and conflict with
existing policy, and assist with client negotiations of new and existing business on various
issues that may conflict with bank policies and proceduresAttends key committees and supports credit risk governance activities through agendas and minutes

Knowledge/Experience:4 or more years of risk management or compliance experience in financial services, ideally in areas of financial risk (credit, liquidity, or market risk)Must have experience with financial regulations in highly complex financial risk regulations, such as RWA, SCCL, and FRTB.  The ideal candidate will be (or can quickly become) a subject matter expert in financial risk regulationsStrong written and verbal communication and analytical skills are critical to consult with partners/clients, and analyze information and apply regulationsStrong project management skills, attention to detail, ability to multi-task, and possess an ability to understand and explain complex regulatory language. Strong MS Word and Powerpoint skills, with proficiency in Excel

#LI-MG1

#Hybrid

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 MyHRHelp@ntrs.com.

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.