Business Management Consultant - Melbourne, Australia - Northern Trust Corp.

Northern Trust Corp.

Verified Company

Melbourne, Australia

2 weeks ago

Posted by:

Olivia Brown

beBee Recruiter

Description

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.

Role Summary

Working within a highly capable and collaborative team of three, the
Business Management Consultant will have broad involvement in a variety of activities that will challenge and expand existing knowledge and experience.

This role presents an excellent opportunity to gain a comprehensive understanding of the The Northern Trust Company (TNTC) Melbourne business, working across functions and with onshore and offshore senior management.

This is a varied and challenging role where the ability to independently work through ambiguity and recommend a path forward is expected.

Strong written and verbal communication skills that engage key stakeholders combined with the confidence to hold others to account, will ensure success.

Reporting to the Chief Administrative Officer, Australia, the Business Management Consultant will be responsible for providing support to the key functions performed by the Chief Administrative Office (CAO), a first Line of Defense function, including:

Regulatory change implementation
Accountability Regime support
Service Provider outsourcing support
Business strategy
Governance and reporting
Strategic projects

The role of the Business Management Consultant helps ensure TNTC Melbourne's approach to accountability, governance, strategy and risk management remains fit for purpose and meets business and regulatory expectations.

What you will do:

Accountability Regime support

Operating as a foreign ADI in Australia, the CAO Office is relied upon by Accountable Persons and their delegates for guidance and support to meet their accountability obligations and responsibilities under the Banking Executive Accountability Regime ("BEAR").

As we work towards the mid-March, 2024 go-live for the incoming Financial Accountability Regime (FAR), this role will

support the ongoing maintenance of key elements of the existing BEAR Framework including reporting, Accountability Statements, Accountability Map and adherence to the Reasonable Steps Framework.

Service Provider Outsourcing

The CAO Office is also relied upon to provide guidance and support to meet the obligations of APRA Prudential Standard, CPS 231 Outsourcing.

As we work to transition to the incoming Prudential Standard, CPS 230 Operational Risk (1-Jan-2025), the Business Management Consultant will support the continued adherence to all stages of the Outsourcing Lifecycle in the business as usual environment including due diligence, reviews and approvals, regulatory engagement, implementation and agreements, monitoring and reporting and managing changes to existing outsourcing arrangements.

Business initiatives

The Business Management Consultant will participate in key business initiatives, playing an important support role to the CAO in working with the wider leadership team to execute on the strategic roadmap.

This will include the development of ad-hoc analytics to help the business better understand and manage its costs, risks, capital usage, growth opportunities etc.

to support continued business success.

About You:

You operate with sound judgment, professional maturity and personal integrity, your naturally proactive and resultsoriented work ethic are often commented on by others
Your strong stakeholder management skills enable you to build effective, collaborative and productive partnerships with a range of senior and internal stakeholders
You have the courage to ask tough questions and respectfully challenge the status quo
You can easily provide examples that evidence your strong attention to detail, your ability to communicate clearly and succinctly
You are familiar with the relationship between business vision, the achievement of strategy and the management of risk and are interested in the planning and execution process that brings it all together
You make it your business to understand organisational risk management practices and expectations and take steps to integrate them into the way you operate on a daytoday basis
You will have an interest in working within the Financial Services sector and will have a university/college degree or equivalent and/or relevant proven work experience

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an as