Head of Asset Servicing Control at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Global leadership experience in executing Non-Financial Risk (Control) Frameworks for Asset Servicing
Ability to direct and lead strategies and initiatives to develop a strong risk and control culture
Expertise in managing stakeholders in non-financial risk and control matters, including communication and engagement
Skills in leading and managing control activities/initiatives and collaborating with risk and control partners
Capability to direct global managers to implement control frameworks and programs as outlined by 1LOD Hubs in ECOO
Knowledge of risk and control corporate policies and ‘best practices’ with oversight across all regions
Proficiency in problem assessment, resolution, and collaborative problem solving in a matrix organizational setting
Experience leading SME challenge in Global Risk & Control Self-Assessment (RCSAs)
Ability to lead reviews and challenge operational changes from new business/products, processes, systems, and market activities
Skills in ensuring Risk Treatment is understood, documented, and monitored with metrics

Responsibilities

Communicate and execute the global strategy of the 1LOD Non-Financial Risk (Control) Programs within Asset Servicing
Manage the day-to-day focus of the team using risk identification, assessment, and tools to identify control weaknesses/gaps and drive continual process and control improvements
Provide leadership and senior management level coordination in dealing with control issues/incidents
Create a structure that provides guidance and consultation on operational risk and control issues, acting as a ‘Trusted Advisor’ to 1LOD business functions
Lead the SME challenge component of the Global Risk & Control Self-Assessment (RCSAs) for Asset Servicing, highlighting high-likelihood risks and ensuring transparency to Senior Management
Lead reviews and challenge of operational changes from new business/products, processes, systems, and market activities, recommending best practices and enhancements
Ensure Risk Treatment is understood, acceptance documented and communicated, with metrics for monitoring adherence to recommended controls
Oversee key Control programs such as Audit Remediation, ASL, Fraud etc. for Asset Servicing, including methodology, execution, implementation, reporting, and tracking
Lead training and communications with partners to promote control culture and reinforce risk and control principles
Provide oversight, reporting, and monitoring for Asset Servicing controls, including risk management metrics, progress on issues, and program performance
Coordinate and serve as the key escalation point to Business Unit Risk and Corporate Risk for related issues
Provide leadership representation at key operational forums