Senior Consultant, Business Unit Control at Northern Trust

Luxembourg

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Financial Services Experience (Preferred)
Experience in Operations Risk/Control/Governance/Audit/Testing/Compliance or similar role is beneficial
Strong Communications Skills, comfortable interacting with Partners at all levels
Ability to work on own initiative, as well as collaborate with others
Strong organisational/planning skills
Experience of using Microsoft 365 Packages (Outlook, Excel, PowerPoint, Visio, Power BI) and SharePoint

Responsibilities

Contribute to the periodic risk reviews of operational processes, procedures, and client specific servicing deliverables
Review/Test the practice area processes, controls and operating practices through allocated control testing. Prepare recommendations to strengthen control weaknesses
Participate with control project deliverables, as assigned, to implement enhanced controls and efficiency enhancements
Conduct periodic review of practice specific policies and ensure procedures are in place and follow organizational standards and regulatory requirements
Escalate risk and control related matters to the practice control manager
Evaluate incidents and operational losses and perform thorough analysis to identify trends and root cause
Manage the facilitation of RCSA (Risk & Control Self-Assessment) program for specific business units, ensuring adherence to project plan timing; framework guidance and evidencing of control review and challenge
Assist with operational and/or corporate risk initiatives where directed
As a designated Control Lead within the Audit Remediation Program, work with Business Units to validate the management actions which are required to mitigate the risks identified by Audit
As a designated Control Lead within the Account Service Loss (ASL) Program, work with Business Units to ensure adherence to the Loss Event Data (LED) Program

Skills

Key technologies and capabilities for this role

Risk ManagementControl FrameworkAsset ServicingOperational ControlsRisk ReviewProcess TestingIncident AnalysisMetrics and ReportingStakeholder EngagementGovernance

Questions & Answers

Common questions about this position

What is the salary or compensation for this Senior Consultant role?

This information is not specified in the job description.

Is this Senior Consultant position remote or does it require office work?

This information is not specified in the job description.

What skills are required for the Senior Consultant, Business Unit Control role?

The role requires skills in risk and control management, including conducting risk-based control reviews, testing processes and controls, incident analysis for root causes and trends, and facilitating RCSA programs.

What is the company culture like at Northern Trust for this role?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with a global team of over 22,000 partners providing innovative financial services using leading technology and exceptional service.

What makes a strong candidate for this Senior Consultant position?

A strong candidate will have experience in risk and control practices, particularly in asset servicing, with the ability to engage diverse global stakeholders, analyze incidents, and contribute to control enhancements and RCSA facilitation.