Market Operations, Control Lead at Northern Trust

Chicago, Illinois, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor’s degree in business administration or related field
15+ years in the financial services industry with in-depth expertise in Control, Resiliency, Compliance, or Audit functions within a regulated environment
Global management experience working across Legal Entity structures

Responsibilities

Develop and champion a strategy enabling business unit decision making based on data analysis and interpretation to identify trends, provide transparency on opportunities, and illuminate innovations and solutions
Drive efficiency and productivity by ensuring high value productivity initiatives are funded and executed successfully
Manage a small team working closely with the business and functional partners across the firm to achieve goals
Lead the development and communication of the business unit strategy
Actively participate and engage with the immediate leadership team and wider business in support of strategic decision making and delivery of strategic projects
Act as point of coordination and collaboration between COO Enterprise 1LOD, 2LOD, and 3LOD teams and Market Operations business unit teams to manage and mitigate risk associated with business unit controls and operational resiliency
Collaborate with capability owners to drive consistency and standardization globally across Market Operations to ensure compliance with organizational policies, standards, and controls, and effectively execute business processes including: 1LOD testing (RCSA, SOC/SOX, other controls), RCSA Execution/Risk Identification, Issues Management, Risk Events, Accounting Servicing Losses (ASLs) and root cause reviews, Internal audits and regulatory exams, Business process/procedures documentation, Risk reporting (KPI/KRI), and related enabling training and communications
Develop engagement approach and accountability between Market Operations and 1LOD, 2LOD, and 3LOD functions to enable compliance and manage and mitigate across risk categories
Routinely gather data, insights, and status of programs and prepare and provide meaningful updates to senior leadership, Enterprise Risk and COO Risk Committees, and regulators
Create and manage capacity plan and execution against timing and key deliverables requested by key risk stakeholder groups
Promote a culture of inclusiveness, accountability, continuous improvement, and process excellence, fostering a risk-aware empowered culture
Handle management responsibilities including hiring, performance reviews, pay decisions, and development; achieve goals through work of others; provide leadership and direction through managers; accountable for performance and results of a division or region