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Specialist, International Risk Insurance (EMEA)

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Risk Management/Compliance
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74871 Requisition #
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The Role

 

The Specialist, International Risk Insurance (EMEA) role, reporting through Northern Trust Services, Corporate and Trust Insurance Group will aid in the strategic planning, development, organization, execution, implementation and application of the insurance program placement (s) for NT businesses located and primarily operated outside of the U.S.


The specialist will manage/maintain property lists, tracks assets, and communicate with NT partners regarding insurance provisions in leases, vendor service agreements (collaborating with Procurement as necessary) and ensure insurance compliance with local regulatory bodies. The individual will collaborate with regional budget liaisons to ensure insurance premiums are allocated to appropriate cost centers.


The successful candidate will serve as a local point of contact to collect underwriting data, compare insurance coverage terms and conditions, and review quotes and policies for accuracy.  The specialist will work with the in country brokerage representative and may be called upon to explain insurance terms/concepts/conditions to local NT partners.

 

Responsibilities

  • Assist with the insurance renewal activities with local insurance broker
  • Maintain insurance schedule and updates underwriting data for changes
  • Collaborates with internal (Northern Trust Finance) and external (brokers/insurers) to ensure locally placed insurance coverages are invoiced and paid in a timely basis
  • Advise insurers of incidents and potential claims pursuant to policy provisions
  • Serve as an in-house risk management/insurance resource for Northern Trust operations situated outside of the U.S.
  • Review monthly Global reports and verify insurance coverage for accuracy and confirm inclusion on Master Global program


Skills/Experience

  • Proven experience insurance experience is desirable.
  • Experience in a financial institution/ brokerage firm is advantageous. 
  • Excellent analytical, organizational, and oral and written communication skills
  • Ability to prepare clear, comprehensive, analytical written and verbal reports for senior management
  • Ability to appropriately prioritize and multi-task
  • Ability to analyze and interpret contract language, including insurance policy provisions
  • Ability to analyze complex issues, review alternatives, and develop sound recommendations
  • Ability to execute projects in a timely manner
  • Ability to work well independently and in a team environment
  • Possess working knowledge of MS office (MS Word, MS Excel and Powerpoint) applications
  • Ability to manage a wide variety of tasks from start to finish
  • Possess knowledge of local country customs

 

There may be a requirement for Business Travel in this role as needed.

 

The Employee Experience - Life at Northern Trust.
Joining us, you would benefit from a positive work culture, where we support our employees' efforts to balance work and home life, in part by offering access to a broad range of workplace support options including: flexible working; emergency family or child care support; professional mentoring; paid volunteering days and the opportunity to buy or sell additional leave.


Personal and professional growth – a world of opportunity.
To support our Global business strategy, we have a number of Business Resource Councils committed to promoting diversity and inclusion and supporting employees in their personal and professional growth. We provide opportunities for networking, mentoring and personal and career development across demographic and geographic groups. In 2014, these groups were responsible for a broad range of personal and professional activities including, guest speaker thought leadership, elder care, nutrition for children, stress awareness day, language classes and religious and cultural celebrations to name a few.


Interested in giving back?
Volunteerism, philanthropy, sound business practices and ethics in addition to a conservation-minded approach to protecting the environment; all are integral to Northern Trust’s culture of caring and form the foundation of our corporate social responsibility (CSR). All employees are given 2 days paid leave to volunteer and support. Take a look our CSR report on our careers site to find out more.


About Northern Trust

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 18,500 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.
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.
As of December 31, 2018, Northern Trust Corporation had:

  • $10.1 trillion in assets under custody/administration
  • $7.6 trillion in assets under custody
  • $1.1 trillion in assets under management
  • $132 billion in banking assets

 

 

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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