Head of Risk Governance

Woburn, MA
Full Time

The Head of Risk Governance is responsible for overseeing and maintaining the Bank’s risk governance framework and system of internal controls.


  • Manage Bank’s internal controls system by performing the following:
    • Working with business lines to ensure that both financial and non-financial internal controls are identified and inventoried
    • Ensuring appropriate testing is in place to identify areas of risk
    • Managing the Bank’s model risk management program
  • Lead the development, implementation, and maintenance of the Risk & Control Self-Assessments (RCSA) and control testing for the Bank
  • Working with business lines implement the RCSA methodologies appropriate for the Bank’s activities
  • Ensure business units and functions are adhering to the bank’s Independent Risk Management Framework to ensure operational risks are appropriately identified, measured, reported, and managed in alignment with tolerances for risk.
  • Integrates information obtained from internal and external sources, e.g., Audit, Compliance, regulatory reports), to provide an independent evaluation of the holistic and comprehensive view of operational risk profile for the Bank.
  • Lead the continued advancement of the implementation of the risk framework including the strategy and standards, processes, and tools to facilitate the identification, measurement, management, monitoring, and reporting of operational risks
  • Drive consistency and quality in the execution of the Independent Risk management framework across the bank, taking actions to align practices
  • Oversee the establishment and implementation of the issue management standards across the bank
  • Oversee the roll out of any strategic and control-related initiatives
  • Establish and enhance issue escalation processes and to ensure compliance with the processes
  • Act as a subject matter expert and partner to the business areas for continuous risk management improvement
  • Develop and maintain aggregate reporting on financial risks, controls, issues, and remediation plans  
  • Communicate the risk and control environment to senior leadership as well as key stakeholders in the Bank


  • Understanding of inherent risk and control environments within banking
  • Strong understanding of laws, rules and regulations applicable to the banking industry
  • Advanced understanding of risk and controls and governance frameworks and practices and operational risk management
  • Strong analytical, critical thinking, presentation, communication and writing skills
  • Strong math, statistical and accounting skills
  • Proficiency with MS Office, including Word, Excel, PowerPoint, Teams, and Outlook
  • 10+ years’ relevant professional experience
  • BA, BS or equivalent required; MBA preferred

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).


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