Consultant, Risk

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Consultant, Base Risk Assessment (P2)

Position Summary

The Base Risk Assessment Consultant is responsible for supporting the execution, governance, and continuous enhancement of Northern Trust's Base Risk Assessment (BRA) Oversight Program.  The consultant serves as a key contributor to the oversight, review, and challenge of numerous base risk assessments, ensuring consistent application of enterprise risk methodologies, maintenance of assessment data, and delivery of meaningful risk insights that support executive decision-making and regulatory expectations.

This role requires strong analytical skills, attention to detail, stakeholder engagement capabilities, and a solid understanding of enterprise risk management principles within a regulated financial services environment.

Key Responsibilities

Base Risk Assessment Oversight Program Execution

• Support the execution of the enterprise-wide Base Risk Assessment program across Business Units, Corporate Functions, and Significant Legal Entities.
• Coordinate annual and periodic evaluations of base risk assessments to ensure adherence to enterprise standards and procedures.
• Facilitate assessment workshops and working sessions with First Line and Second Line stakeholders as needed.
• Review assessment submissions for completeness, consistency, and adherence to established methodology.
• Support calibration activities to ensure consistency of risk assessments across the enterprise.

Risk Analysis, Review, and Challenge

• Analyze assessment results to identify risk and control trends, concentrations, emerging themes, and material risk exposures.
• Provide effective challenge to assessment owners on the structure and execution of their program.
• Review supporting documentation and evidence used to substantiate assessment conclusions.
• Escalate material risk concerns and inconsistencies identified during oversight, review, and challenge.

Data Management and Reporting

• Oversee assessment inventories, data repositories, and related documentation.
• Prepare management reporting, dashboards, scorecards, and risk committee materials.
• Develop analyses that support Enterprise Risk Profile reporting and other governance deliverables.
• Produce executive-level presentations and reports for senior management and risk committees.
• Support data quality reviews and validation activities.

Stakeholder Engagement

• Build strong working relationships across the three lines of defense.
• Provide guidance regarding assessment methodologies, standards, and reporting requirements.
• Assist stakeholders with interpretation and application of Base Risk Assessment Standard requirements.

Continuous Improvement

• Identify opportunities, to include leveraging AI, to improve assessment processes, controls, reporting, and data quality.
• Support implementation of methodology enhancements and remediation initiatives.
• Assist with automation and system enhancement initiatives related to risk assessments.
• Contribute to the evolution of the broader Enterprise Risk Management Lifecycle.

Required Qualifications

Education

• Bachelor's degree in Risk Management, Finance, Accounting, Business Administration, Economics, Information Systems, or related discipline.

Experience

• 7 or more years of experience in one or more of the following:
  • Enterprise Risk Management
  • Operational Risk
  • Internal Audit
  • Regulatory Compliance
  • Risk Consulting
  • Financial Services Risk Management

Technical Skills

• Strong analytical and problem-solving capabilities.
• Proficiency in Microsoft Excel, PowerPoint, and data analysis tools.
• Proficiency in leveraging AI capabilities (Microsoft CoPilot preferred)
• Experience working with large data sets and reporting environments.
• Ability to interpret and apply risk methodologies and standards.
• Strong written and verbal communication skills.

Interpersonal Skills

• Ability to build relationships and influence stakeholders across multiple levels of the organization.
• Strong facilitation and meeting management skills.
• Excellent organizational skills with the ability to manage multiple priorities simultaneously.

Preferred Qualifications

• Experience supporting enterprise-wide risk assessment programs within a regulated financial institution.
• Knowledge of Enterprise Risk Management frameworks and regulatory expectations.
• Familiarity with risk taxonomies, risk inventories, and risk rating methodologies.
• Experience with GRC platforms such as ServiceNow.
• Professional certifications in risk management.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

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. Learn more.