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.

Role/ Department:

This role will be a key member of the EMEA Corporate Risk team based in London reporting to the EMEA Head of Financial Risk. The successful candidate will be experienced in both financial risk management and prudential regulation, working closely with the EMEA Prudential Risk Manager on the EMEA prudential risk programme of work.
 

This role requires participation in relevant corporate, regional, and local committees to support good governance and effective challenge; and ensuring that relevant legal entity prudential assessments are sufficiently robust.

The successful candidate will be expected to keep up to date with regulatory developments and policy changes issued by both European and UK regulatory authorities.
 

The key responsibilities of the role include:

Supporting the EMEA Prudential Risk Manager with risk input into EMEA Legal Entity ICAAPs, ICARAs and Capital plans. Scope of activities include:Production of ICAAP & ICARA risk assessments and ensuring underlying methodologies are fit for purpose.Execution of Pillar 2 capital assessments (credit risk and operational risk).Execution of Scenario planning (Event Driven Scenario and Reverse Stress Testing).Presentation of ICAAP and ICARA results alongside the EMEA Finance team, to relevant Legal Entity Risk Committees and Boards.Supporting the Prudential Risk Manager with the quarterly capital modelling of operational risk scenarios for key EMEA entities and ascertain knowledge of the regional operational risk capital model.Attending relevant governance committees as a prudential risk consultant for the region.Providing risk input into EMEA Legal Entity Recovery plans.Monitoring, identifying the impact and responding to prudential regulatory change for EMEA Legal Entities.Where required, opportunities to provide support to the EMEA Financial Risk Team on credit, liquidity, and market risk management activities.

Skills/ Experience:

The successful candidate will benefit from having: 

Direct experience in the Financial Services industry (3+ years) and a broad understanding of financial marketsKnowledge of financial and prudential risk managementExperience in the application of various prudential regimes and regulatory requirementsInterpretation and implementation of prudential rules with regards to ICAAP \ ICARAExperience with stress testing across capital risk managementFamiliarity with Recovery and Resolution PlanningExcellent communication (verbal and written) skills with the ability to explain complex concepts to stakeholders at varying levels of seniorityStrong presentation skillsProven strong organizational and time management skillsStrong attention to detail

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.