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. The ERM Framework Director is a key leadership position within Northern Trust's enterprise risk management function, charged with the responsibility of ensuring alignment & adherence to the enriched Enterprise Risk Management framework. As a key figure in the 2nd line of defense, this Director reports to the Head of Enterprise Risk Management and will play a lead role in establishing relationships with the 1st line of defense. The Framework Director role will be instrumental in fostering a culture of proactive & effective risk management through all phases of risk management lifecycle e.g. risk identification, assessment, treatment, reporting, risk governance and monitoring & control adherence. The ideal candidate would have experience working in a GSIB. Key Responsibilities Aligned with the above noted primary responsibilities, the ERM framework director will be working closely on identifying the full book of work for ERM, set up governance structure for intake of new book of work including ERM staffing as it pertains to Corporate Risk and cross functional dependencies within the organization . Collaborate closely and align with Risk / HR on location strategy for ERM and Risk and Data Analytics team under the same leader. Should have been a part of first or second line with good familiarity of executing or managing Risk & Control environment Identify and escalate issues/risks in a timely manner and collaborate on resolution working with team/other stakeholders; challenge the status-quo, identify effective ways for problem solving in a more commercial way Be digitally savvy, have SDLC knowledge. Be able to identify/challenge requirements for the GRC platform to drive automation and improved user experience across all ERM capabilities. Be the go to person for a lot of ERM inbound inquiries. Identify and define ERM Engagement with external teams including Reg., Audit, COO and other business groups and enterprise functions & HR including on Training, Knowledge Share, Roadshows, Roles and Responsibilities mapping, skills assessment for effective 2nd line ERM effectiveness Collaborate with front line, COO office on updating and managing Risk Marketing materials. Review and work on steering a lot of ERM Audit findings to closure as it pertains to 2nd line, in collaboration with peer risk partners. Engage with OCM, Communications team on right level of messaging for several of the ongoing programs, training and course development where appropriate Work closely with Corporate Risk CAO and ERM leadership team on committees, governance, cadences, scheduling for risk and management committees where ERM hosts or is a key stakeholder Design and manage an ERM operating model including the Risk Hub/spoke model keeping Legal Entity coverage in perspective. Work on managing central repository for artifacts - in close collaboration with team and other peer members. Have a good handle on budget, training and related cost and expense management for the team , including forecasting Execute a central project management office for a variety of ERM/Risk central initiatives including RCE, Reg remediation or activities that would be driven centrally out for Risk via ERM. Collaborate on weekly team status reporting for these initiatives Collaborate with central program teams on internal and external milestones, activities and status report/budge management on relevant initiatives Experience and Qualificatoins * 12+ years of risk management framework experience at a large-scale financial services (ideally GSIB_ organization preferred, including Enterprise Risk Management experience * Demonstrated knowledge and experience in designing and supporting an Enterprise Risk Management function, as well as supporting effective implementation and sustainability of projects and teams * Proven capability in high-quality execution, including both independent execution, as well as influencing cross-functional stakeholders to drive change * Familiarity with ServiceNow or similar Governance Risk and Compliance tool, preferred * Good working knowledge of data analytics and reporting tool such as PowerBI, Tableau. * Ability to accurately identify, escalate, and drive actions to mitigate priority risks Skills The ideal candidate will possess the following skills: * Risk identification and assessment * Stakeholder management * Project and change management * Strong digital literacy and strong communication skills, including verbal and written communications to senior leaders and committees Salary Range: $137,400 - 240,400 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. 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 at [email protected]. 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.