Risk Process Innovation Specialist

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.

Overview   The   Risk Process   Innovation   Specialist   will be a key hire within the newly established   Risk Innovation   Hub ,   a strategic team focused on   identifying   opportunities to enhance how Risk Management   operates   across the organization. The Hub partners with teams across the   Risk function   to evaluate and reimagine end-to-end processes, driving improvements in both effectiveness and efficiency while strengthening risk outcomes.     This role will   be respon sible for   leading the analysis   and   redesign   of Risk Management processes across multiple risk disciplines. Through the application of process engineering,   transformation   methodologies   and the adoption of   new technologies .     T he incumbent will   play a key role in driving the transformation of Risk Management processes through innovative thinking,   structured analysis,   and stakeholder partnership. Working across the Risk organization, the individual will assess end-to-end processes   and develop practical recommendations that enhance both operational effectiveness and risk outcomes .     While AI and automation   will   represent   a   part of   approaches , the hub will take a broader view, considering holistic changes to how we work that create the greatest value.       The successful candidate will bring a combination of strong process engineering   expertise , innovative thinking, structured problem-solving, and stakeholder influence. They will play a critical role in   identifying   opportunities to   leverage   emerging technologies, including AI, to transform how work is performed across the Risk organization.   The role will partner closely with leaders across Financial Risk, Operational Risk, Compliance, Technology Risk, and Business Risk functions   to shape the future operating model of the Risk function.

Lead end-to-end analysis and documentation of   key   Risk Management processes   -   across multiple risk disciplines .      C onstructively   review   existing ways of working and   i dentify   opportunities for process improvements   that   improve efficienc ies and /or   Risk   outcomes.     Deliver an innovative perspective,   by   i dentify ing   current and future   opportunities to   leverage   AI, analytics, workflow technologies, and other innovative solutions .     In doing so, e xplore   ambitious   solutions that go beyond   localised use-cases .     Undertake   interviews, workshops, and working sessions with stakeholders to gather   information,   requirements and   validate   findings .      Develop future-state process designs   and   actionable transformation recommendations .     Including   implementation roadmaps   and analysis of   benefits,   risks   and   costs.   Build trusted relationships with senior leaders and process owners across the Risk organization.   Collaborate with Risk, Technology, Data, and   the   ACE   team to assess transformation opportunities .   Present findings, insights, and recommendations to executive stakeholders and governance forums.   Monitor external trends, industry best