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For Companies At a Glance
- Tasks: Lead the RCSA program, manage risks, and enhance operational controls.
- Company: Join Northern Trust, a Fortune 500 financial institution with over 130 years of excellence.
- Benefits: Enjoy a flexible work culture, career growth opportunities, and community engagement.
- Why this job: Be part of a team that drives risk management and makes a real impact in finance.
- Qualifications: Strong experience in financial services, risk management, and excellent communication skills required.
- Other info: We value inclusivity and offer reasonable accommodations for individuals with disabilities.
The predicted salary is between 43200 - 72000 £ per year.
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.
Role / Department
The Risk and Controls Self-Assessment (RCSA), Senior Consultant is responsible for playing a key role in the execution of a key operational risk management program across the organization. This successful candidate must have a strong technical understanding of risk management, including RCSA processes and activities within the financial services industry.
This individual contributor will work closely with peers, stakeholders of all levels and program management to drive the running and enhancement of the RCSA program. They will help define how Northern Trust best identifies and addresses risk for our most important processes and business areas.
The key responsibilities will include:
- Management of the RCSA program deliverables – action plans, post effectiveness testing, control evaluation, etc.
- Review workflows to identify and drive management of risks associated with the program and improve overall control environment.
- Contribute to the development, maintenance, and ongoing enhancement of RCSA program Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)
- Review KPI/KRI framework, scorecards, dashboards to ensure appropriateness of metrics / key performance indicators for RCSA program.
- Development, maintenance, and ongoing enhancement of RCSA program controls and initiate projects where required.
- Implementation of controls to mitigate process risks.
- Strong stakeholder engagement to ensure identification of issues and timely completion of actions to meet deadlines.
- Ensure the RCSA system of record is functioning properly and engage in coordination with Third-Party vendor.
- Provide UAT testing support for system of record as needed.
- Improve overall risk management culture and knowledge via training/awareness sessions.
- Collaborate with senior management risk partners and lines of business partners to coordinate operational risk management activities.
- Contribute to establishing and maintaining program processes and practices which effectively ensure that the enterprise program remains current, and incorporates / aligns with industry standards and best practices as appropriate, while adequately covering regulatory requirements
- Manage or lead projects aimed at improving the overall program.
- Communicate identified risks to key stakeholders, organize remediation action plans, and track identified risks to closure.
Skills/ Experience
The successful candidate will benefit from having:
- Strong financial services experience, specifically within operational risk, controls, or audit
- Working knowledge of audit, risk and operational management concepts and the ability to understand and interpret the impact of decisions, as well as identify and convey potential problem areas.
- Strong communication skills with the ability to engage in a clear, concise and effective manner, both verbal and written
- Ability to foster a positive and initiative-taking approach to process assessment and improvement and to identify trends and improve processes for both the customer and the business.
- Ability to handle multiple competing priorities.
- Ability to make independent decisions
- Familiarity with Fusion and/or Salesforce
- Experience performing regression testing
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.
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 MyHRHelp@ntrs.com.
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.
For further information, and to apply, please visit our website via the “Apply” button below.
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Senior Consultant, Risk & Controls Self - Assessment (RCSA) employer: Northern Trust
Contact Detail:
Northern Trust Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Consultant, Risk & Controls Self - Assessment (RCSA)
✨Tip Number 1
Familiarise yourself with the RCSA processes and frameworks used in the financial services industry. Understanding these concepts will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in operational risk management, especially those who have experience with Northern Trust or similar institutions. This can provide you with insights into the company culture and expectations for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed risks or improved control environments in previous roles. Highlighting your hands-on experience will show that you can contribute effectively to the RCSA programme.
✨Tip Number 4
Stay updated on the latest trends and regulations in operational risk management. Being knowledgeable about current industry standards will position you as a well-informed candidate who can bring valuable insights to the team.
We think you need these skills to ace Senior Consultant, Risk & Controls Self - Assessment (RCSA)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Senior Consultant, Risk & Controls Self-Assessment role. Familiarise yourself with key terms like RCSA, KPIs, and KRIs, as well as the operational risk management processes within financial services.
Tailor Your CV: Customise your CV to highlight relevant experience in operational risk, controls, or audit. Emphasise your understanding of risk management concepts and any specific tools or systems you've worked with, such as Fusion or Salesforce.
Craft a Compelling Cover Letter: Write a cover letter that showcases your communication skills and your ability to engage effectively with stakeholders. Use specific examples from your past experiences to demonstrate how you can contribute to enhancing the RCSA program at Northern Trust.
Highlight Your Soft Skills: In your application, don't forget to mention your soft skills, such as your ability to handle multiple priorities and make independent decisions. These are crucial for the role and will help you stand out as a candidate.
How to prepare for a job interview at Northern Trust
✨Understand the RCSA Process
Make sure you have a solid grasp of the Risk and Controls Self-Assessment (RCSA) process. Be prepared to discuss how you would manage RCSA deliverables and improve the control environment, as this is a key responsibility of the role.
✨Showcase Your Financial Services Experience
Highlight your experience in financial services, particularly in operational risk and controls. Be ready to provide examples of how you've successfully identified and managed risks in previous roles.
✨Communicate Clearly and Effectively
Strong communication skills are essential for this position. Practice articulating your thoughts clearly and concisely, both verbally and in writing, as you'll need to engage with stakeholders at all levels.
✨Demonstrate Problem-Solving Skills
Prepare to discuss how you've approached problem areas in past roles. Show that you can make independent decisions and foster a positive approach to process assessment and improvement.
