Northern Trust India | Consultant, Risk

Key responsibilities

• 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Requirements

• 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.
• Advanced Microsoft Excel and PowerPoint skills.
• Excellent written and verbal communication skills.
• Ability to influence stakeholders across multiple organizational levels.
• 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.
• Experience using AI related tools

Northern Trust

Northern Trust Corporation is a US financial services company founded in Chicago in 1889 and still headquartered there; its shares trade on Nasdaq under the symbol NTRS. It works for institutional investors, corporations and wealthy families and individuals, and its business spans asset servicing (custody, fund administration and fund accounting for pension funds, asset managers, insurers and other institutions), wealth management, asset management through Northern Trust Asset Management, and banking. The company calls its employees "partners".

In India, Northern Trust works from Bengaluru and from Pune, where its office in Kharadi opened in 2016. These teams support the global business in asset servicing and wealth management operations: fund accounting and NAV calculation for mutual, hedge and private equity funds, transfer agency, trade settlements, reconciliations, anti-money-laundering checks and client reporting, alongside risk, finance and technology roles. Work of this kind suits B.Com, M.Com, MBA (Finance), CA, CFA and ACCA profiles.

• Industry: Financial services — asset servicing, wealth management, asset management and banking
• Headquarters: Chicago, Illinois, USA
• In India: Offices in Pune and Bengaluru