Consultant, Risk

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. Consultant, Base Risk Assessment (P2) Position Summary The Base Risk Assessment Consultant is responsible for supporting the execution, governance, and continuous enhancement of Northern Trust's Base Risk Assessment (BRA) Oversight Program.  The consultant serves as a key contributor to the oversight, review, and challenge of numerous base risk assessments, ensuring consistent application of enterprise risk methodologies, maintenance of assessment data, and delivery of meaningful risk insights that support executive decision-making and regulatory expectations. This role requires strong analytical skills, attention to detail, stakeholder engagement capabilities, and a solid understanding of enterprise risk management principles within a regulated financial services environment.

Base Risk Assessment Oversight Program Execution Support the execution of the enterprise-wide Base Risk Assessment program across Business Units, Corporate Functions, and Significant Legal Entities. Coordinate annual and periodic evaluations of base risk assessments to ensure adherence to enterprise standards and procedures. Facilitate assessment workshops and working sessions with First Line and Second Line stakeholders as needed. Review assessment submissions for completeness, consistency, and adherence to established methodology. Support calibration activities to ensure consistency of risk assessments across the enterprise. Risk Analysis, Review, and Challenge Analyze assessment results to identify risk and control trends, concentrations, emerging themes, and material risk exposures. Provide effective challenge to assessment owners on the structure and execution of their program. Review supporting documentation and evidence used to substantiate assessment conclusions. Escalate material risk concerns and inconsistencies identified during oversight, review, and challenge. Data Management and Reporting Oversee assessment inventories, data repositories, and related documentation. Prepare management reporting, dashboards, scorecards, and risk committee materials. Develop analyses that support Enterprise Risk Profile reporting and other governance deliverables. Produce executive-level presentations and reports for senior management and risk committees. Support data quality reviews and validation activities. Stakeholder Engagement Build strong working relationships across the three lines of defense. Provide guidance regarding assessment methodologies, standards, and reporting requirements. Assist stakeholders with interpretation and application of Base Risk Assessment Standard requirements. Continuous Improvement Identify opportunities, to include leveraging AI, to improve assessment processes, controls, reporting, and data quality. Support implementation of methodology enhancements and remediation initiatives. Assist with automation and system enhancement initiatives related to risk assessments. Contribute to the evolution of the broader Enterprise Risk Management Lifecycle.

Education Bachelor's degree in Risk Management, Finance, Accounting, Business Administration, Economics, Information Systems, or related discipline.

7 or more years of experience in