Consultant - Risk Technology

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 Consultant, Model Risk Governance is a key position within Northern Trust’s model risk management function, charged with the responsibility to support the team in alignment & adherence of the model risk management program to the enriched enterprise risk management framework. As a key figure in the 2nd line of defense, Consultant will play a crucial role in supporting the enhancements needed to the model risk management program and SAS Model Risk Management (MRM) system to align with various enterprise risk management standards. The role will be instrumental in collaborating with Data and Technology team, vendor, and other MRM partners to ensure SAS MRM system reflects the updated program. The role will also play a leading role in identifying MRM processes that can be automated and developing & implementing automation solutions.

The key responsibilities of the role include :

• Understand various Enterprise Risk Management (ERM) standards and assess how they may impact the model risk management program
• Support the Specialist in identifying specific updates needed to the Model Risk Management Policy, Procedures, templates to align with various ERM standards
• Support development of training materials and delivery of training sessions to educate key stakeholders including model owners and model sponsors of the program updates and how these impact them
• Become Subject Matter Expert for the SAS MRM system; lead discussions with Data &Technology teams, and RCE stream leads to ensure seamless update of the SAS MRM system to align with the updated Policy and Procedures
• Identify the MRM processes that can be automated; develop and implement the automation solutions to drive meaningful efficiency gains
• Integrate automation into day to day activities, testing and execution to minimize manual intervention
• Create and maintain a consistent set of documents to support automation capabilities including knowledge articles, standard operating procedures
• Provide ongoing support to model owners on the SAS MRM system as part of the BAU
• Support ongoing MRM Engagement with external teams including Regulatory, Audit, COO and other business groups and enterprise functions including on Training, Knowledge Share, Roadshows
• Provide MRM progress updates to the Project Management office and notify them of any challenges in meeting the target dates
• Research industry best practices around model risk management systems and identify areas where the system can be enhanced to improve model risk reporting

The successful candidate will benefit from having :

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 Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees.