About Northern TrustAs a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) 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. Position SummaryThe Enterprise Risk Identification Consultant is responsible for supporting the execution and continuous enhancement of the Enterprise Risk Identification (Risk ID) Program. The role partners with business units, corporate functions, legal entities, and second line risk teams to identify, assess, document, and report enterprise risks across the organization.The consultant serves as a key contributor to the maintenance of the Enterprise Risk Inventory, facilitates risk assessment activities, supports governance reporting, and provides effective challenge to ensure risks are appropriately identified, assessed, and escalated. The role requires strong analytical capabilities, stakeholder management skills, and a solid understanding of enterprise risk management frameworks.Key ResponsibilitiesEnterprise Risk Identification & AssessmentFacilitate quarterly and ad hoc risk identification activities across Risk Categories, Business Units, Corporate Functions, and Significant Legal EntitiesSupport the execution of enterprise risk assessment methodologies and proceduresAssist stakeholders in identifying current and emerging risks impacting the organizationReview and challenge risk assessments to ensure consistency, completeness, and alignment with enterprise standardsEvaluate risk drivers, impact factors, and likelihood assessments supporting risk materiality determinationsEnterprise Risk Inventory ManagementMaintain and enhance the Enterprise Risk InventoryEnsure risks are appropriately aligned to enterprise risk taxonomy requirementsValidate risk descriptions, classifications, risk drivers, and ownership informationPartner with stakeholders to ensure timely completion of assessments, to include independent review and challengeSupport quality assurance reviews of inventory data and reporting outputsGovernance, Reporting & AnalyticsPrepare risk identification reporting for senior management, risk committees, and executive governance forumsAnalyze risk trends and concentrations across businesses, functions, and legal entitiesDevelop dashboards, metrics, and presentation materials as necessary to support enterprise risk profile reportingProduce actionable insights regarding material and emerging risksStakeholder EngagementBuild relationships with First Line and Second Line partners to support effective risk identification and assessmentFacilitate workshops, working sessions, and challenge meetingsProvide guidance and training on Enterprise Risk Identification standards, procedures, and taxonomy requirementsSupport responses to regulatory, internal audit, and management inquiries regarding risk identification activitiesContinuous ImprovementIdentify opportunities to streamline risk identification processes, templates, and reportingContribute to methodology enhancements and risk program transformation initiatives, to include the integration of AI capabilitiesSupport integration of Enterprise Risk Identification activities with other key risk management functions such as Risk Appetite, Stress Testing, Scenario Analysis, Strategic Planning, and Operational ResilienceRequired QualificationsFor internal applications - 24 months as Associate ConsultantBachelor's degree in finance, Business, Risk Management, Economics, Accounting, Information Systems, or related field2-5 years of experience in Enterprise Risk Management, Operational Risk, Compliance, Audit, Consulting, Financial Services, or related disciplinesStrong analytical and problem-solving skillsExperience working with large data sets and reporting toolsExperience using AI related toolsAdvanced Microsoft Excel and PowerPoint skillsExcellent written and verbal communication skillsAbility to influence stakeholders across multiple organizational levelsPreferred QualificationsExperience supporting enterprise-wide risk programs within a regulated financial institutionKnowledge of risk taxonomies, risk inventories, and risk assessment methodologiesFamiliarity with risk management platforms such as ServiceNow or similar GRC technologiesRelated professional certifications desirableWorking with UsAs a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities. Reasonable AccommodationNorthern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with. About Our Pune OfficeThe Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.