Strategic Remediation Oversight Non-Financial Risk Specialist
Northern Trust
- Melbourne, VIC
- Permanent
- Full-time
- Support the effective review and challenge of critical Regulatory/Audit remediation initiatives across NTC including responses, remediation plans, remediation program, and regional and global key deliverables
- Working within the team to identify critical gaps in NTC’s responses and remediation initiatives and present feedback / challenge in governance forums, including supporting information to regional and global senior management/risk committees across business, risk, and compliance, in advance of the formal submission to the regulators/Audit
- Support clear and transparent updates on remediation progress to relevant risk forums
- Act as an advisor and provide guidance to business and corporate functions in responding to regulatory or audit inquiries, responses, and remediation plans and implementing remediation programs
- Determine if remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design, operational effectiveness and sustainability (where applicable)
- Actively engage key stakeholders across the NTC and working closely with subject matter experts on relevant remediation programs
- Support the oversight of all significant remediation activities within assigned areas of responsibility as well as input to the running of the overall Significant Remediation Oversight and Governance management team.
- Work closely with the Remediation Validation testing team to ensure the testing plans are robust and aligned with the remediation activities undertaken
- Interact and partner with senior management to understand remediation plans, timelines etc., and challenge as necessary.
- Maintain familiarity of and technical expertise with business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas
- Stay current on non-financial risk regulatory rules and changes within the industry
- Leverage a strong peer network and tap the industry to identify leading practices
- Tertiary qualification
- Demonstrated technical abilities in select areas (e.g., Regulatory compliance, operational risk, operational resilience)
- Proven experience in financial services, with experience in a financial institution, or similar consulting experience in the financial services industry specifically in a non-financial risk area
- Strong analytical and organizational skills
- Ability to work under pressure
- Ability to multitask and demonstrate flexibility to change plans at short notice
- Ability to communicate complex ideas top-down, ask targeted questions, give robust challenge to arrive at solutions
- Excellent interpersonal skills displaying the ability to engage diverse set of stakeholders, understand their viewpoints, build long-term relationships, create a collaborative environment within the team
- Persuades managers and leaders to take action and/or negotiates with internal partners such as Risk, Compliance & Audit