Consultant, Base Risk Assessment (P2)

Position Summary

The Base Risk Assessment Consultant is responsible for supporting the execution, governance, and continuous enhancement of Northern Trusts Base Risk Assessment (BRA) Oversight Program. The consultant serves as a key contributor to the oversight, review, and challenge of numerous base risk assessments, ensuring consistent application of enterprise risk methodologies, maintenance of assessment data, and delivery of meaningful risk insights that support executive decision-making and regulatory expectations.

This role requires strong analytical skills, attention to detail, stakeholder engagement capabilities, and a solid understanding of enterprise risk management principles within a regulated financial services environment.

Key Responsibilities

Base Risk Assessment Oversight Program Execution

- Support the execution of the enterprise-wide Base Risk Assessment program across Business Units, Corporate Functions, and Significant Legal Entities.
- Coordinate annual and periodic evaluations of base risk assessments to ensure adherence to enterprise standards and procedures.
- Facilitate assessment workshops and working sessions with First Line and Second Line stakeholders as needed.
- Review assessment submissions for completeness, consistency, and adherence to established methodology.
- Support calibration activities to ensure consistency of risk assessments across the enterprise.

Risk Analysis, Review, and Challenge

- Analyze assessment results to identify risk and control trends, concentrations, emerging themes, and material risk exposures.
- Provide effective challenge to assessment owners on the structure and execution of their program.
- Review supporting documentation and evidence used to substantiate assessment conclusions.




- Escalate material risk concerns and inconsistencies identified during oversight, review, and challenge.

Data Management and Reporting

- Oversee assessment inventories, data repositories, and related documentation.
- Prepare management reporting, dashboards, scorecards, and risk committee materials.
- Develop analyses that support Enterprise Risk Profile reporting and other governance deliverables.
- Produce executive-level presentations and reports for senior management and risk committees.
- Support data quality reviews and validation activities.

Stakeholder Engagement

- Build strong working relationships across the three lines of defense.
- Provide guidance regarding assessment methodologies, standards, and reporting requirements.
- Assist stakeholders with interpretation and application of Base Risk Assessment Standard requirements.

Continuous Improvement

- Identify opportunities, to include leveraging AI, to improve assessment processes, controls, reporting, and data quality.
- Support implementation of methodology enhancements and remediation initiatives.
- Assist with automation and system enhancement initiatives related to risk assessments.
- Contribute to the evolution of the broader Enterprise Risk Management Lifecycle.

Required Qualifications
Education

- Bachelors degree in Risk Management, Finance, Accounting, Business Administration, Economics, Information Systems, or related discipline.





Experience
- 7 or more years of experience in one or more of the following:
- Enterprise Risk Management
- Operational Risk
- Internal Audit
- Regulatory Compliance
- Risk Consulting
- Financial Services Risk Management

Technical Skills
- Strong analytical and problem-solving capabilities.
- Proficiency in Microsoft Excel, PowerPoint, and data analysis tools.
- Proficiency in leveraging AI capabilities (Microsoft CoPilot preferred)
- Experience working with large data sets and reporting environments.
- Ability to interpret and apply risk methodologies and standards.
- Robust written and verbal communication skills.

Interpersonal Skills
- Ability to build relationships and influence stakeholders across multiple levels of the organization.
- Strong facilitation and meeting management skills.
- Excellent organizational skills with the ability to manage multiple priorities simultaneously.

Preferred Qualifications

- Experience supporting enterprise-wide risk assessment programs within a regulated financial institution.
- Knowledge of Enterprise Risk Management frameworks and regulatory expectations.
- Familiarity with risk taxonomies, risk inventories, and risk rating methodologies.
- Experience with GRC platforms such as ServiceNow.
- Skilled certifications in risk management.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

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