Head of First Line of Defense Financial Risk | London, UK

Head of First Line of Defense Financial Risk

Head of First Line of Defense Financial Risk

About Northern Trust :

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

About the role :

Responsible for managing the First Line of Defense (1LOD) Financial Risk considerations for the Asset Servicing (AS) Business Unit, focusing initially on counterparty credit, stress testing, risk weighted assets (RWA), and other P&L and balance sheet-related matters. The Head of 1LOD Financial Risk manages a team of 5 partners based in London and Manila.

Key responsibilities include :

• Leading 1LOD requirements in Financial Risk for the Asset Servicing Business Unit and Capital Markets segment.
• Serving as the single point of contact for the 2LOD regarding reviews, challenges, incidents, issues, and providing input into limit setting and stress testing frameworks.
• Representing Asset Servicing as the 1LOD representative on key Credit Risk committees.
• Overseeing 1LOD requirements for credit risk regulatory interpretation (e.g., RWA, SCCL) and quarterly RWA submissions.
• Developing and overseeing controls to ensure the integrity of Northern Trust's books and records related to Capital Market activities.
• Providing 1LOD Financial risk oversight for Capital Markets brokerage legal entities (NTSI, NTS LLP, NTSA).
• Managing and developing the team, reviewing resource needs to meet current and future business objectives.

Skills and experience required :

Working with us :

As a Northern Trust partner, you will be part of a flexible, collaborative culture where financial strength and stability support innovation. Movement within the organization is encouraged, senior leaders are accessible, and we are committed to community service. Join us and build your career with a company that has a greater purpose.

We value inclusivity and flexibility. Please contact our HR Service Center at MyHRHelp@ntrs.com for accommodations during the employment process. Apply today and share your flexible working needs with us.

Northern Trust (Nasdaq : NTRS) is a global leader in wealth management, asset servicing, and investment solutions, guiding the world’s most successful clients.

#J-18808-Ljbffr