Operational Risk Specialist (Designated Person PCF39B)

Operational Risk Specialist (Designated Person PCF39B)

Operational Risk Specialist (Designated Person PCF39B) - Dublin or Limerick

locations Limerick, Ireland Dublin, Ireland

time type Full time

posted on Posted Today

job requisition id R160021

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust 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 role is for an Operational Risk Specialist, based in Ireland to act as the Designated Person PCF39B (subject to CBI approval) for Operational Risk Management on behalf of Northern Trust Fund Managers Ireland Limited (NTFMIL), which is authorised as a UCITS Management Company. The individual will work within the global Risk team, focused on supporting the successful EMEA and APAC Asset Management business and reporting to the International Chief Risk Officer.

The role is suitable for someone with operational risk experience looking to apply that in a regulated role for a UCITS Management Company with over $100bn of AUM. The entity is responsible for both pooled and segregated mandates, which are managed by a combination of portfolio managers within NTFMIL and other NTAM entities.

The individual will be the expert on all operational risk considerations for the entity, including third party oversight over the investment managers and other key NT service providers.

Key Duties and Responsibilities:

• Day-to-day oversight of operational risk processes, including business resilience
• Performing the DP for Operational Risk Management role Reporting to Boards and regulators
• Ownership of Risk Management Framework document
• Ownership of Risk Appetite Statement
• Monitoring and assessment of risk appetite
• Delivery of ICAAP risk assessments
• Working with other Designated Persons across the entity
• Support of global non-financial risk processes
• Participation in cross-functional committees supporting ongoing governance and strategic developments

Knowledge and Skills:

• Track record in a risk management capacity at a senior level, with detailed knowledge of asset management businesses, especially EU/UK regulated entities
• Suitable qualifications and experience that directly support the expectations of the PCF3