Operational Risk Specialist

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.

The role is for an Operational Risk Specialist, based in Dublin to provide cover for a 12 month period. The role holder will act as the Designated Person PCF39B (subject to CBI approval) for Operational Risk Management on behalf of Northern Trust Fund Managers Ireland Limited, which is authorised as a UCITS Management Company. The individual will work within the global Risk team, focused on supporting the successful EMEA and APAC Asset Management business and reporting to the International Chief Risk Officer.

The role is suitable for someone with operational risk experience looking to apply that in a regulated role for a UCITS Management Company with over $100bn of AUM.

The individual will be the expert on all operational risk considerations for the entity, including third party oversight over the investment manager and other key NT service providers. 

Key Duties and Responsibilities:

• Day-to-day oversight of operational risk processes, including business resilience

• Performing the DP for Operational Risk Management role

• Reporting to Boards and regulators

• Ownership of Risk Management Framework document

• Ownership of Risk Appetite Statement

• Monitoring and assessment of risk appetite

• Working with other Designated Persons across the entity

• Support of global non-financial risk processes

• Participation in cross-functional committees supporting ongoing governance and strategic developments

Knowledge and Skills

• The ideal candidate will hold 5+ years' experience in an asset management risk role or operational risk role in a regulated business

• Track record in a risk management capacity at a senior level, with detailed knowledge of asset management businesses, especially EU/UK regulated entities

• Suitable qualifications and experience that directly support the expectations of the PCF39B role (DP for Operational Risk Management)

• Experience with regulatory communication and expectations, as well as knowledge of relevant CBI, ESMA and UCITS regulations

• Compelling written and verbal communicator, with the ability to adjust communication style to audience need when explaining complex situations

• A global outlook with sensitivity and awareness of social and cultural differences

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 [email protected].

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.