Specialist, Control Monitoring Lead 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 ServicesIndustries

Requirements

Bachelor's degree required
12+ years of risk and control experience; 5+ years direct control monitoring experience
Experience in financial services industry; GSIB experience highly preferred
Experience in working in fast paced and highly regulated environments
Deep understanding of control frameworks and testing & monitoring methodologies
Self-motivated with strong collaboration and communication skills, both verbal and written, with varying organizational levels including senior management
Excellent analytics skills and attention to detail
Strong interpersonal and leadership skills, including experience mentoring
Ability to juggle multiple tasks while effectively able to work towards deadlines
Risk and Control certifications a plus (CIA, CISA, CRMA, CFE, etc.)

Responsibilities

Lead the development and maintenance of the Internal Control Monitoring Standard, risk-based methodology, and procedures
Developing the internal control monitoring plan, monitoring the status of the plan and providing updates to key stakeholders
Oversee the development and maintenance of the Internal Control Monitoring GRC tool
Developing and delivering insightful reporting to key stakeholders driving action to strengthen the internal control environment
Responsible for assisting in the identification and escalation of follow-ups and potential deficiencies
Work closely with the business partners to obtain issue remediation action plans, track and report status of remediation actions, including maintaining dialogue with the business to ensure timely remediation of issues
Assist with control projects, operational and/or corporate risk initiatives, where directed

Skills

Key technologies and capabilities for this role

Control TestingControl MonitoringRisk ManagementComplianceGovernanceReportingInternal Controls

Questions & Answers

Common questions about this position

What is the employment type for this 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 are the key responsibilities for the Control Monitoring Lead?

Key responsibilities include leading the development of the Internal Control Monitoring Standard and methodology, developing the monitoring plan, overseeing the GRC tool, delivering reporting to stakeholders, and assisting with issue remediation and escalations.

What is the company culture like at Northern Trust?

Northern Trust emphasizes empowering partners with resources for career development and growth, encourages movement within the organization, provides accessible senior leaders, and is committed to strengthening communities.

What makes a strong candidate for this Specialist role?

A strong candidate should have experience in risk management, control testing, and monitoring, with the ability to work independently, lead program development, collaborate with business partners, and analyze trends to drive improvements.