Head of Enterprise Risk Management (ERM)

Are you a dynamic and strategic leader with a passion for risk management? Do you have a strong understanding of the financial industry and a proven track record of implementing effective ERM strategies? Northern Trust is seeking a Head of Enterprise Risk Management to join our team and oversee the identification, assessment, and mitigation of risks across the organization. As a member of our senior management team, you will play a critical role in driving our risk management framework and ensuring the safety and soundness of our operations. If you have a strong analytical mindset, excellent communication skills, and a strong understanding of regulatory requirements, we encourage you to apply for this exciting opportunity. Join us at Northern Trust and take your career to the next level.

1. Develop and implement enterprise-wide risk management strategies, policies, and procedures in alignment with company objectives and regulatory requirements.
2. Oversee the identification, assessment, and prioritization of risks across all business lines and functions.
3. Collaborate with senior management and business leaders to ensure risk management is integrated into business processes and decision-making.
4. Monitor and report on key risk indicators to senior management and the Board of Directors.
5. Conduct comprehensive risk assessments and provide recommendations for risk mitigation strategies.
6. Stay updated on industry trends and best practices in risk management, and make recommendations for continuous improvement.
7. Lead, mentor, and develop a team of risk management professionals, providing guidance and support to ensure their success.
8. Work closely with internal audit, compliance, and legal teams to ensure effective risk mitigation and regulatory compliance.
9. Build and maintain relationships with external stakeholders, such as regulators and industry associations, to stay informed on emerging risks and regulatory changes.
10. Communicate risk management policies and procedures to all levels of the organization, promoting a strong risk culture.
11. Conduct training and awareness programs to educate employees on risk management and their role in mitigating risks.
12. Participate in strategic planning and decision-making processes to provide risk insights and recommendations.
13. Continuously monitor and evaluate the effectiveness of the risk management framework and make necessary adjustments to ensure its relevance and efficiency.
14. Act as a subject matter expert on risk management matters, providing guidance and support to all levels of the organization.
15. Foster a collaborative and inclusive work environment, promoting teamwork and open communication to achieve common goals.

According to JobzMall, the average salary range for a Head of Enterprise Risk Management (ERM) in Chicago, IL, USA is $170,000-$240,000 per year. This may vary depending on the size and industry of the company, as well as the individual's experience and qualifications.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.