Consultant, Business Unit Control at Northern Trust

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Professional with proven risk, control and financial services experience
Multi-disciplinary functional experience with a focus on proactive identification of risk
Knowledge of the firm and industry
Ability to work with multiple stakeholder groups through strong verbal and written communication skills
Knowledge or expertise typically gained through formal education or equivalent experience

Responsibilities

Provide advisory and assurance support to business stakeholders in maintaining and developing a robust control environment to manage both current and emerging risks
Participate in control projects, reviews and change initiatives, to advise and consult on risk management, controls and efficiency enhancements
Provide support in executing and monitoring of key programs such as the Risk and Control Self-Assessments (RCSA), Issue Management and Remediation, Operational Loss Events, Change Management, and fraud Standards
Assist with the control reviews and testing to identify excessive risk and/or control issues. Report observations to stakeholders and management and assist with identification of control mitigation and treatment
Advise on control considerations in respect to product or process changes and development of new products and services
Escalate to Practice Control Manager for risk and control related matters
Support manager with planning and execution of the thematic reviews required to provide assurance to business leadership of control effectiveness surrounding internal processes, procedures, and client specific servicing deliverables
Ensure that current policies and procedures are in place for assigned practice area(s). Confirm that procedures are in compliance with organizational standards and regulatory requirements. Assist in the communication and implementation of corporate policies within the business unit
Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business
Perform risk-based control reviews, execute effective design and operating test execution to support issues management and change management
Advise on the business continuity plan and any identified gaps
Execute in-depth analysis of risk events to identify root cause, thematic trends and to propose and recommend solutions
Assist with periodic risk reviews of operational processes, procedures, and specific client servicing deliverables for risk mitigation and ensure risk review results are documented and reviewed with the control manager and global stakeholders