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

Skills

Key technologies and capabilities for this role

Risk ManagementOperational ControlsControl TestingRoot Cause AnalysisBusiness Continuity PlanningChange ManagementIssues ManagementRisk AssessmentComplianceAudit Support

Questions & Answers

Common questions about this position

What is the employment type for this Consultant role?

This is a full-time position.

Is this role remote or does it require office work?

This information is not specified in the job description.

What key skills or expertise are needed for the Control Consultant position?

The role requires knowledge or expertise in risk and controls typically gained through formal education or equivalent experience, a balanced cross-functional perspective, and the ability to collaborate with business and counterparts like Risk, Legal, Compliance, and Audit.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with a collaborative environment involving over 22,000 partners serving sophisticated clients using leading technology and exceptional service.

What makes a strong candidate for this Control Consultant role?

Strong candidates will have expertise in risk and controls from formal education or experience, the ability to work independently under general supervision, and skills in executing control reviews, testing, risk analysis, and advising on enhancements.