Financial Services Risk Management Specialist

4 weeks ago


Singapore Northern Trust Full time
About Northern Trust
Northern Trust is a globally recognized financial institution with a rich history dating back to 1889. We are proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions.

We are committed to maintaining our position as a leader in the industry through our expertise, service, and integrity.

This role is a critical part of our fund services risk management team, reporting directly to the Regional Head of Office.

The purpose of this independent office is to provide centralized management and engagement of NT corporate risk and regulatory themes, translation of regulator and corporate regimes and frameworks, and proactive direction and oversight of delivery, embeddedness, and ongoing monitoring activities.

The role holder will be a multi-disciplinary expert with substantial knowledge of applicable risk and regulatory regimes, ability to read and interpret complex regulations, technical fund services business and industry knowledge, and significant experience managing executive suite stakeholder engagement and influence.

Key Responsibilities:
  • Support operation of GFS framework for adherence to resilience and outsourcing regulatory themes, aligned with NT policy and direction.
  • Supporting independent identification and oversight of resilience issues and/or vulnerabilities, via operating a framework of value chain and critical dependency mapping, resilience testing, and monitoring of key resilience indicators.
  • Supporting GFS clients in their obligations under the resilience regulations, including provision of information and guidance as to NT IBS resilience and support to collaborative stress testing.
  • Support the regional view for key RCSA's, including testing and control ownership.

Required Skills and Qualifications:
  • Significant experience in Fund Services admin, banking, and/or asset management.
  • Thorough understanding of key risks and regulatory obligations for key in-scope products; Transfer Agency/Fund Accounting/Investment Operations Outsourcing/Financial Reporting.
  • Experience working with critical regulatory frameworks, including Operational Resilience, Outsource Risk Management, Compliance Oversight.

Benefits:
Northern Trust offers a competitive salary range of $80,000 - $120,000 per year, depending on qualifications and experience, as well as a comprehensive benefits package that includes medical, dental, and vision coverage, 401(k) matching, and paid time off.

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