Consultant, Risk

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

The Enterprise Risk Identification Consultant is responsible for supporting the execution and continuous enhancement of the Enterprise Risk Identification (Risk ID) Program. The role partners with business units, corporate functions, legal entities, and second line risk teams to identify, assess, document, and report enterprise risks across the organization.

The consultant serves as a key contributor to the maintenance of the Enterprise Risk Inventory, facilitates risk assessment activities, supports governance reporting, and provides effective challenge to ensure risks are appropriately identified, assessed, and escalated. The role requires strong analytical capabilities, stakeholder management skills, and a solid understanding of enterprise risk management frameworks.

Enterprise Risk Identification & Assessment

Facilitate quarterly and ad hoc risk identification activities across Risk Categories, Business Units, Corporate Functions, and Significant Legal Entities

Support the execution of enterprise risk assessment methodologies and procedures

Assist stakeholders in identifying current and emerging risks impacting the organization

Review and challenge risk assessments to ensure consistency, completeness, and alignment with enterprise standards

Evaluate risk drivers, impact factors, and likelihood assessments supporting risk materiality determinations

Enterprise Risk Inventory Management

Maintain and enhance the Enterprise Risk Inventory

Ensure risks are appropriately aligned to enterprise risk taxonomy requirements

Validate risk descriptions, classifications, risk drivers, and ownership information

Partner with stakeholders to ensure timely completion of assessments, to include independent review and challenge

Support quality assurance reviews of inventory data and reporting outputs

Governance, Reporting & Analytics

Prepare risk identification reporting for senior management, risk committees, and executive governance forums

Analyze risk trends and concentrations across businesses, functions, and legal entities

Develop dashboards, metrics, and presentation materials as necessary to support enterprise risk profile reporting

Produce actionable insights regarding material and emerging risks

Stakeholder Engagement

Build relationships with First Line and Second Line partners to support effective risk identification and assessment

Facilitate workshops, working sessions, and challenge meetings

Provide guidance and training on Enterprise Risk Identification standards, procedures, and taxonomy requirements

Support responses to regulatory, internal audit, and management inquiries regarding risk identification activities

Continuous Improvement

Identify opportunities to streamline risk identification processes, templates, and reporting

Contribute to methodology enhancements and risk program transformation initiatives, to include the integration of AI capabilities

Support integration of Enterprise Risk Identification activities with other key risk management functions such as Risk Appetite, Stress Testing, Scenario Analysis, Strategic Planning, and Operational Resilience

Required Qualifications

Bachelor's degree in Finance, Business, Risk Management, Economics, Accounting, Information Systems, or related field

2-5 years of experience in Enterprise Risk Management, Operational Risk, Compliance, Audit, Consulting, Financial Services, or related disciplines

Strong analytical and problem-solving skills

Experience working with large data sets and reporting tools

Experience using AI related tools

Advanced Microsoft Excel and PowerPoint skills

Excellent written and verbal communication skills

Ability to influence stakeholders across multiple organizational levels

Preferred Qualifications

Experience supporting enterprise-wide risk programs within a regulated financial institution

Knowledge of risk taxonomies, risk inventories, and risk assessment methodologies

Familiarity with risk management platforms such as ServiceNow or similar GRC technologies

Related professional certifications desirable

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com , or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.