Director - Risk Management Scenario/Stress Testing

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.
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
The Director - Risk Management Scenario/Stress Testing will work with teams across the organization to organize tabletop exercises for forward looking risk opportunities.
Responsibilities:
Organize, execute, document, and follow up on tabletop exercises. Tabletops are intended to examine tail events whose probabilities are deemed to have become more proximate, and deserving of focused study.
-Generate suggestions for tabletop exercises
-Schedule tabletop exercises once approved by the Chief Risk Officer, ensuring appropriate representation from risk and the business units
-Create background materials for each exercises, including a scenario storyboard and questions for discussion
-Produce draft minutes from each session within 48 hours of the exercise, incorporate revisions and issue final editions
-Catalogue and track follow up issues
-Ensure all tabletop summaries are either discussed at GERC or included as reference materials
-Produce a year-end summary of tabletop exercises
Maintain Enterprise Stress Testing Policy.
-Describe separation of exercises and responsibilities
-Collaborate with others to establish and maintain a library of tail-event scenario exercises
Participate in the Idiosyncratic Event Design Working Group (IEDWG).
-Establish annual programs of tail event exercises
-Generate and approve idiosyncratic events included in the annual CCAR exercise
-Assist with the analysis of stress events used for quarterly Capital Management Assessments
Participate in Business Continuity (BC) and Disaster Recovery (DR) governance
-Identify overlaps between scenarios and BC/DR plan testing
-Support the broader Global Business Continuity and Recovery Services team
Qualifications:
• Bachelor's degree essential; masters strongly preferred• Minimum of five years experience in bank risk management, with focus on custody banks and non-financial risk highly desired• Project management experience• Strong writing and networking skills• Ability to work independently
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.