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.
The Chief Risk Officer for NTGS SE will be responsible for embedding our enterprise risk framework (localised where required by jurisdictional regulatory requirements) in Luxembourg and for providing local oversight and leadership for all 2nd line risk activities in Luxembourg and the branch network in Switzerland, Netherlands, Norway, Sweden and Abu Dhabi. The role will be a senior management position in Luxembourg and the successful candidate will be a member of the local authorised management team.
The role will report functionally to the International Chief Risk Officer and locally to the CEO of the Luxembourg Bank.(NTGS SE).
Responsibilities of the role
Provides Risk Management and Leadership Oversight for NT Activities (and Associated Risk/Compliance Functions) for NTGS SE and its branches including Operational Risk, IT/Cyber Risk, Compliance, Fiduciary Risk and relevant financial risks.
Works closely with the CEO of NTGS SE and other Senior Leaders in Luxembourg to understand current and planned business activities and to identify, assess and mitigate risks in the business and embed a risk culture.
Be a senior contact point for local regulators (CSSF) and where appropriate other visiting regulators e.g. FED
Reports locally to CEO and functionally to EMEA CRO and be a trusted advisor to both.
Has full appreciation of prudential regulatory requirements, credit risk issues, compliance risk and market/regulatory developments and ability to assess impact and identify associated risk issues.
Local management for the Luxembourg Risk and Compliance function
Oversee the activities of the branches of NTGS SE from a Risk and Compliance perspective ensuring that issues are dealt with consistently and within overall risk appetite for the entity.
Working with Risk and Compliance partners across the EMEA region, ensuring appropriate interaction with regional and global Risk and Compliance functions
Assist the Luxembourg businesses in managing the operational risks in those businesses and assist in setting up the appropriate frameworks to manage those operational risks – including third party, offshoring and operational resiliency risks.
Act as Co- Chair of the Luxembourg Management Risk Committee
Participate in Group-wide and EMEA risk forums as appropriate.
Lead, manage and develop the team of 2nd line professionals within the risk and compliance teams.
Requirements
Extensive experience in risk and compliance, (Several years ideally in either professional services firm or relevant financial institution)
Professional Qualification in Accountancy/Legal/Audit /Compliance
Extensive experience of Banking/Asset servicing /asset administration/depositary business
Meaningful exposure to risk and compliance and a clear appreciation of internal Control/Governance and Oversight ability to operate on/at board level
Strong leadership qualities with proven experience of presenting to executive and board level audience
Clear/logical problem solver
Confidence to challenge as appropriate
Strong communication skills able to articulate messages in both written and verbal format
Management experience (Small /professional teams)
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 [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.
