Risk Specialist - Risk Appetite / Scenario Analysis

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.

Job Summary :

The Risk Appetite Manager will support the Risk Appetite and Measurement Director in the development, maintenance and implementation of the Risk Appetite policies.

The ideal candidate will have demonstrated industry experience in the development of risk appetite statements, including the identification of good quality risk appetite metrics across both financial and non financial risks. Also, experience in thresholds / limits calibration at global, markets and line of business levels

Key Responsibility

• Support the facilitation of workshops for the development of risk appetite statements and metrics
• Provide guidance to the 1st and 2nd line to drive enhancement in the definition, escalation, and reporting of risk appetites and metrics, with a focus on increasing forward-looking measures and stress quantification
• Support the 1st line lo embed awareness and management of the appetite and tolerances across the organization
• Support the Risk Appetite and Measurement Director with the regular refresh of risk appetites and metrics, with a critical eye on industry best practices and evolving regulatory requirements and expectations
• Work with the Data and Technology teams to support in the collation of metrics data so that thresholds / limits can be calibrated
• Support the Risk Appetite and Measurement Director in the facilitation of discussions across Northern Trust stakeholders in order to establish linkage of the stress testing results with other risk management processes, such as risk appetite and risk identification

Experience and Qualifications

Skills

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.

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.