Specialist, BU Control at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

College or University degree is preferred
Professional with extensive Risk & Control experience
Multi-disciplinary functional experience including regulatory assessments
Knowledge of the firm and industry
Ability to work with senior leadership and navigate complex discussions
Strong communication skills, verbal and written
Attention to detail
Specific knowledge or expertise typically gained through formal education or equivalent experience
Specialized depth and/or breadth of expertise in own job discipline or field
Ability to lead others to solve complex problems and work independently with limited guidance in complex situations
May lead functional teams or projects

Responsibilities

Advise and assist Business Units on implementing the control framework and ensure adherence to maintaining the control processes in accordance with the highest standards and best practices
Conduct process Risk Assessments for practice area(s). Ensure proper preventative and detective controls are in place for the practice functions assessed and prepare recommendations to strengthen control weaknesses
Support the risk-based control test plan to identify excessive risk and/or control issues at an early stage. Report process test findings to control management (via the agreed Control Testing report template)
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
Support Resolution planning exercise and Regulatory attestations
Ensure that current policies and procedures are in place for relative 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
Communicate findings and enhancement recommendations (verbally and in writing) with control management
Support key Control programs such as the Audit Remediation, Asset Servicing Losses mitigation, Asset Transfer Policy Standards, Resolution Planning, Regulatory attestations etc. Including the definition of the methodology, the execution of the programs, and to ensure the implementation and tracking of agreed actions
Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business
Consistently identify risk, articulate the risk, and propose solutions to address risk to the practice area control manager and the control leadership team
Display a balanced, cross-functional perspective, collaborating with the business, Control, and relevant Northern Trust counterparts (e.g., Risk, Legal, Compliance, Audit, etc.) to improve efficiency, control effectiveness, and productivity
Provide support and oversight of the operational control environment for the designated practice areas