Northern Trust
Head of First Line of Defense Financial Risk
Northern Trust, Chicago, Illinois, United States, 60290
Head of First Line of Defense Financial Risk Join to apply for the
Head of First Line of Defense Financial Risk
role at
Northern Trust Head of First Line of Defense Financial Risk Join to apply for the
Head of First Line of Defense Financial Risk
role at
Northern Trust About Northern Trust
Interested in learning more about this job Scroll down and find out what skills, experience and educational qualifications are needed.
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. 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.
Responsible for managing the First Line of Defense (1LOD) Financial Risk considerations for the Asset Servicing (AS) Business Unit, with an initial focus on counterparty credit, stress testing, risk weighted assets (RWA) and other p/l and balance sheet related matters. The Head of 1LOD Financial Risk is responsible for managing a team of 5 Northern Trust partners based in London and Manila.
Major Duties
Leads 1LOD requirements in Financial Risk matters for the Asset Servicing Business Unit and the Capital Markets Business Segment in particular. Provides single point of contact for 2LOD for review/challenges, incidents, issues as well as input into limit setting and stress testing frameworks. Represents AS as 1LOD representative on key Credit Risk committees. Oversees 1LOD requirements for credit risk regulatory interpretation matters (e.g. RWA, SCCL) as well as production of quarterly RWA submissions. Develops and oversees execution of controls to ensure the integrity of NT’s books and records (balance sheet and p/l) in relation to Capital Market activity. Provides 1LOD Financial risk oversight for Capital Markets brokerage legal entities (NTSI, NTS LLP, NTSA). Manages and develops team as well as reviewing resource needs to meet current or future business objectives.
Required Knowledge
Counterparty credit risk and quantitative stress testing techniques. Product knowledge of either securities financing or foreign exchange. Additional knowledge of agency brokerage is preferred.
Required Experience
Proven track record of critical and strategic thinking Minimum of 10 years’ experience in financial risk (1LOD or 2LOD) Global management experience
Salary Range
$171,700 - 300,500 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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.Seniority level
Seniority levelExecutive Employment type
Employment typeFull-time Job function
Job functionOther Referrals increase your chances of interviewing at Northern Trust by 2x Get notified about new Head of First Line of Defense Financial Risk jobs in
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Head of First Line of Defense Financial Risk
role at
Northern Trust Head of First Line of Defense Financial Risk Join to apply for the
Head of First Line of Defense Financial Risk
role at
Northern Trust About Northern Trust
Interested in learning more about this job Scroll down and find out what skills, experience and educational qualifications are needed.
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. 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.
Responsible for managing the First Line of Defense (1LOD) Financial Risk considerations for the Asset Servicing (AS) Business Unit, with an initial focus on counterparty credit, stress testing, risk weighted assets (RWA) and other p/l and balance sheet related matters. The Head of 1LOD Financial Risk is responsible for managing a team of 5 Northern Trust partners based in London and Manila.
Major Duties
Leads 1LOD requirements in Financial Risk matters for the Asset Servicing Business Unit and the Capital Markets Business Segment in particular. Provides single point of contact for 2LOD for review/challenges, incidents, issues as well as input into limit setting and stress testing frameworks. Represents AS as 1LOD representative on key Credit Risk committees. Oversees 1LOD requirements for credit risk regulatory interpretation matters (e.g. RWA, SCCL) as well as production of quarterly RWA submissions. Develops and oversees execution of controls to ensure the integrity of NT’s books and records (balance sheet and p/l) in relation to Capital Market activity. Provides 1LOD Financial risk oversight for Capital Markets brokerage legal entities (NTSI, NTS LLP, NTSA). Manages and develops team as well as reviewing resource needs to meet current or future business objectives.
Required Knowledge
Counterparty credit risk and quantitative stress testing techniques. Product knowledge of either securities financing or foreign exchange. Additional knowledge of agency brokerage is preferred.
Required Experience
Proven track record of critical and strategic thinking Minimum of 10 years’ experience in financial risk (1LOD or 2LOD) Global management experience
Salary Range
$171,700 - 300,500 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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.Seniority level
Seniority levelExecutive Employment type
Employment typeFull-time Job function
Job functionOther Referrals increase your chances of interviewing at Northern Trust by 2x Get notified about new Head of First Line of Defense Financial Risk jobs in
Chicago, IL . Greater Chicago Area $240,000.00-$270,000.00 1 week ago Oakbrook Terrace, IL $160,000.00-$170,000.00 1 week ago Chicago, IL $175,000.00-$200,000.00 3 days ago Chicago, IL $180,000.00-$254,000.00 1 week ago Chicago, IL $140,000.00-$170,000.00 6 days ago Chicago, IL $300,000.00-$400,000.00 3 days ago Chicago, IL $110,000.00-$130,000.00 4 days ago Chicago, IL $225,000.00-$275,000.00 1 month ago Lisle, IL $300,000.00-$400,000.00 3 weeks ago Chicago, IL $120,000.00-$140,000.00 1 month ago Chicago, IL $200,000.00-$250,000.00 1 day ago Highland Park, IL $225,000.00-$250,000.00 2 days ago Chicago, IL $150,000.00-$170,000.00 2 days ago Des Plaines, IL $200,000.00-$350,000.00 5 hours ago Chicago, IL $200,000.00-$250,000.00 6 days ago Chicago, IL $194,016.00-$230,000.00 4 weeks ago Chicago, IL $160,000.00-$200,000.00 4 days ago Regional Finance Director, Remote (Healthcare - Central Region) Chicago, IL $130,000.00-$160,000.00 5 days ago Chicago, IL $175,000.00-$185,000.00 1 month ago Director, CFO Services (OPEN TO ALL US LOCATIONS) Chicago, IL $150,000.00-$225,000.00 4 days ago Greater Chicago Area $100.00-$125.00 3 days ago Chicago, IL $290,000.00-$350,000.00 3 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr