At a Glance
- Tasks: Help define and implement a monitoring program for reputational and strategic risk.
- Company: Join Northern Trust, a Fortune 500 financial institution with over 130 years of experience.
- Benefits: Enjoy a flexible work culture, career growth opportunities, and a commitment to community service.
- Why this job: Be part of a team that influences strategy at the highest levels and makes a real impact.
- Qualifications: Strong experience in financial services, excellent communication skills, and analytical problem-solving abilities.
- Other info: Northern Trust values inclusivity and offers reasonable accommodations for individuals with disabilities.
The predicted salary is between 36000 - 60000 £ per year.
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Reputational & Strategic Risk Specialist, Greater London
Client:
Northern Trust Corporation
Location:
Greater London, United Kingdom
Job Category:
Finance
EU work permit required:
Yes
Job Reference:
ab152efe7bfd
Job Views:
7
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
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:
Reputational and Strategic vulnerabilities are a critical focus for bank risk management groups.
Reputational risk captures the potential for decay in the bank’s standing with key stakeholders, which include shareholders, staff, clients, regulators, and the communities in which the company operates. Strategic risk refers to internal or external developments that render strategy ineffective or unachievable.
We are seeking a professional to help define and implement a monitoring program for reputational and strategic risk. This role will report to the Head of Strategic and Reputational Risk and have visibility at the highest levels of the organization.
The key responsibilities of the role include:
- Crafting and maintaining policies on reputational and strategic risk, and responding to inquiries from examiners and auditors on practices in each area
- Organizing discussions of reputational risk at the designated first-line governing committee
- Review of strategy formulation and execution at the enterprise and BU level, and the creation of tracking measures to gauge risk
- Participating in reviews of products and processes which might give rise to reputational or strategic risk
- Monitoring industry developments and analyzing their potential impact on the company
- Leading and participating in conversations with senior leaders on strategy
- Defining and maintaining metrics (along with RAG ranges) related to reputational and strategic risk, and preparing quarterly reports in both areas
- Developing a stakeholder scorecard to gauge the bank’s standing with shareholders, clients, partners, regulators, and communities
The successful candidate will benefit from having:
- Strong experience in the financial services industry with an understanding of reputation risk and how it can impact financial institutions
- Strong communication skills both written and verbal with proven experience in interfacing comfortably across all organization levels.
- Knowledge and/or experience of risk principles and financial products
- Excellent analytical, problem-solving, and decision-making skills
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.
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.
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Reputational & Strategic Risk Specialist employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reputational & Strategic Risk Specialist
✨Tip Number 1
Familiarize yourself with the latest trends and challenges in reputational and strategic risk management within the financial services industry. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the financial sector, especially those who specialize in risk management. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Northern Trust.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully managed reputational or strategic risks. Highlight your analytical and problem-solving skills, as these are crucial for the role.
✨Tip Number 4
Research Northern Trust's values and recent initiatives related to community engagement and sustainability. Being able to align your personal values with the company's mission can set you apart as a candidate who truly fits the organization.
We think you need these skills to ace Reputational & Strategic Risk Specialist
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Reputational & Strategic Risk Specialist position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in financial services, particularly focusing on reputation risk and strategic risk management. Use specific examples that demonstrate your analytical and problem-solving skills.
Craft a Compelling Cover Letter: Write a cover letter that not only expresses your enthusiasm for the role but also addresses how your background and skills make you a perfect fit for Northern Trust. Mention your understanding of their values and how you can contribute to their mission.
Highlight Communication Skills: Since strong communication skills are essential for this role, ensure that your application reflects your ability to communicate effectively across all levels of an organization. Provide examples of past experiences where you successfully engaged with stakeholders.
How to prepare for a job interview at TN United Kingdom
✨Understand Reputational and Strategic Risks
Make sure you have a solid grasp of what reputational and strategic risks entail, especially in the context of financial institutions. Be prepared to discuss how these risks can impact an organization like Northern Trust.
✨Showcase Your Communication Skills
Since strong communication is key for this role, practice articulating your thoughts clearly and confidently. Prepare examples of how you've effectively communicated with various stakeholders in previous roles.
✨Demonstrate Analytical Thinking
Be ready to showcase your analytical and problem-solving skills. You might be asked to analyze a hypothetical scenario related to reputational risk, so think through your approach and be prepared to explain your reasoning.
✨Familiarize Yourself with Industry Trends
Stay updated on current trends and developments in the financial services industry. Being knowledgeable about recent events or changes can help you engage in meaningful discussions during the interview.