Chief Climate and Sustainability Risk Officer

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 :

As the Chief Climate and Sustainability Risk Officer, you will be responsible for leading our efforts in identifying, assessing, and managing climate-related risks across our organization.

You will work closely with key stakeholders to develop and implement strategies to address climate-related risks and opportunities.

You will also provide governance and oversight, taking a company-wide perspective. You will report to the Chief Risk Officer and be a member of the Risk executive leadership team.

Key responsibilities :

Management and lead the climate and sustainability risk team with leadership responsibility over Climate Risk including the Risk Organization’s policies, procedures, and governance structures for the Enterprise to manage climate-related risks effectively.

Design a Sustainability Risk program and keep a watch’ on forward looking risk e.g. Nature and Biodiversity Risks.

Responsible for the adaptation and of financial and non-financial risk programs which leads the Enterprise in identifying, assessing, measuring, treating, monitoring and reporting on climate risk.

Collaboration with key stakeholders in the 1LOD, 2LOD and Corporate groups

to ensure appropriate responsibility and accountability for the management of climate risk including the establishment of a broad climate risk database that can be used to satisfy international disclosure requirements and stakeholder inquiries.

Develop a strong relationship with CSISI and provide advice and challenge to the Climate and Sustainability programs across the Enterprise.

Initiation of reporting on transition risk for the credit and investment portfolio which will form part of the Enterprise Transition Plan.

Assist and / or lead in the design and execution of scenario analysis to examine the consequences of climate risk over both the short and long terms in accordance with industry standards.

Keep abreast of climate risk regulatory development, contribute to market consultations and engage with regulatory authorities.

Leverage the Enterprise regulatory change framework, ensuring that all relevant regulation is captured and assessed.

Participates in and / or presents to senior management and / or Board committees.

Lead and advise others on climate risk related engagement with global regulators

Establish key Climate Risk metrics and impacts that will influence strategic decision making.

Ensures actions will be taken to maximize preparedness for business continuity events and overall operational resiliency.

Oversees plans and directs the activities for the Climate Risk team, ensuring that business objectives are being met

Participate in governance forums as required, e.g. ESG Disclosure Council, Enterprise Sustainability Council

Skills / Qualifications :

Influences and negotiates, internally and externally, with great latitude on outcomes

Applies in depth knowledge of climate risk regulatory environment with ability to provide long strategic term planning as well as manage the tactical deliverables of the function.

Leadership and organizational skills to direct the activities of the governance bodies overseeing climate risk.

Thorough knowledge of corporate, industry and business unit activities, compliance related requirements and risk mitigation techniques.

Analytical and communication skills to review / approve policies and procedures and to work with line areas to oversee and manage risk activities.

College or university degree and / or relevant proven work experience in Risk Management is preferred. Direct understanding of, and experience with climate risk management is strongly preferred.

Excellent oral and written communication skills along with being able to be highly flexible and adaptable to change.

Climate Risk and / or Sustainability Risk qualification.

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 asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.