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Operational Risk Manager, Asset Servicing/Fund Administration

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Risk Management/Compliance
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19020 Requisition #
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Who we are

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise, and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families to the most-successful hedge funds and corporate brands.

 

Northern Trust’s international business has grown dramatically over the last decade. Some of our largest clients are located in Asia and Australia, which represents a rapidly growing client base for the company. Since 1986, we have been serving clients in Asia-Pacific (APAC), including corporate pension funds, investment managers, insurance companies, government agencies, family offices and corporations. Our intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Currently, we have client offices in Beijing, Hong Kong, Melbourne, Singapore, Seoul, Tokyo and Kuala Lumpur.

 

What we do

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

 

What you will do

You will be responsible for the operational risk business activities across Northern Trust’s Australia Branch providing risk management oversight, guidance, consultation, and support to business unit managers relative to the risks faced by the Branch. Using a pro-active consultancy style, you will work closely with Northern Trust partners across the globe to offer technical advice, interpretation, objective challenge, and training on corporate operational policies, and business unit procedures. You will also be interacting with clients to describe Northern Trust’s approach to management of risk.  

 

Take the lead role on managing key projects and initiatives including:

 

  • The Australian Dollar Cash Clearing Risk support in the business-as-usual environment following implementation
  • Ongoing BEAR operational, cultural and governance requirements
  • Leading compilation of Legal Entity Risk reporting
  • Leading operational risk management initiatives across business resiliency and recovery, as well as outsource arrangements
  • Leading activities aimed at readiness for key regulatory visits
  • Design and build of a risk monitoring and assessment program in concert with corporate programs
  • Providing SME advice across the Australian business on the operation of the Three Lines of Defence and on developing appropriate risk profiles
  • Co-chairing the Australia Risk Council (currently under development)

 

You will report to the Chief Risk Officer, Australia.

 

Your Knowledge/Skills:

  • Professional and or appropriate qualification in Business/Legal/Audit /Compliance)
  • 10+ years of experience working in operational risk in:
    • Asset Servicing /Fund Administration/Capital Markets//Cash Payments operations, at both a First line and Second line level
    • A variety of operational and/or business roles, including deep knowledge of key banking regulators: APRA, ASIC, RBA and AUSTRAC
  • Leading operational risk management initiatives across business resiliency and recovery, as well as outsource arrangements
  • Exposure to risk and compliance and a clear appreciation of internal controls/governance and oversight across all 3 lines of defence
  • Collaborate and maintain positive partnerships with business partners while at the same time remaining objective, with an ability to make an independent assessment of the risk environment and business challenges, and work toward practical risk mitigation actions
  • Understanding and managing regulatory change in a commercial and practical way
  • Making risk informed judgements, based on sometimes limited and/or ambiguous information, and leading facilitation of issue resolution
  • Experience in report writing for an executive or committee level audience

Qualifications

  • Strong leadership
  • Excellent at written and verbal communication skills
  • Strong client service focus
  • Flexible, creative, has a sense of urgency
  • Appropriately assertive - confident to constructively challenge  
  • Strong problem solving, analysis and technical skills
  • Management experience (Small /professional teams)

   

As of March 31, 2019, Northern Trust Corporation had:

  • $10.9 trillion in assets under custody/administration
  • $8.2 trillion in assets under custody
  • $1.2 trillion in assets under management
  • $122 billion in banking assets

 

Northern Trust is an equal opportunity employer. We aim for excellence in our efforts to recruit, develop and deploy the highest caliber workforce. Our commitment and success to a diverse workforce is evident in employee satisfaction and industry acknowledgment. For a list of all our achievements please click here.

 

For a private discussion please contact Gez Williams on +61 3 9935 8204. 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement