About Northern Trust
As 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.
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 PCF39B role (DP for Operational Risk Management)
- Experience with regulatory communication and expectations, as well as knowledge of relevant CBI, ESMA and UCITS regulations
- Compelling written and verbal communicator, with the ability to adjust communication style to audience need when explaining complex situations
- A global outlook with sensitivity and awareness of social and cultural differences
- Significant experience in an asset management risk role, or an operational risk role in a regulated business
Work Authorization
Applicants must have the right to work in Ireland at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.
Working with Us
As 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 Accommodation
Northern 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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Senior-level experience in risk management
- Detailed knowledge of asset management businesses, particularly EU and UK regulated entities
- Qualifications and experience supporting the PCF39B Designated Person for Operational Risk Management role
- Experience with regulatory communication and regulatory expectations
- Knowledge of CBI, ESMA, and UCITS regulations
- Significant experience in an asset management risk role or operational risk role in a regulated business
- Strong written and verbal communication skills
- Right to work in Ireland throughout employment
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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