1LoD Control Testing- Lead

Northern Trust; Chicago (IL); On-site; USD 95,000 - 163,000; Full time

Job summary

An established industry player is seeking a Lead for 1LoD Testing with extensive risk and control experience. This role involves leading controls testing execution, ensuring quality reviews, and engaging stakeholders throughout critical testing phases. The ideal candidate will possess strong analytical skills and the ability to mentor others. Join a flexible and collaborative work culture where your contributions will help shape the future of financial services. With a commitment to community and inclusivity, this role offers the chance to make a significant impact while advancing your career in a supportive environment.

Benefits

401k and Pension

Health and Welfare Benefits

Paid Time Off

Parental and Caregiver Leave

Life & Accident Insurance

Discretionary Bonus Program

Qualifications

• 10+ years of risk and control experience in financial services.
• Deep understanding of control frameworks and testing methodologies.

Responsibilities

• Lead controls testing execution and perform quality reviews of workpapers.
• Compile and manage reporting including test results and dashboards.

Skills

Risk and Control Experience

Collaboration Skills

Communication Skills

Analytical Skills

Leadership Skills

Education

College or University Degree

Job description

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Description

We are searching for an 1LoD Testing- Lead (Associate Specialist).

The key responsibilities of the role include:

1. Leads controls testing execution including walkthroughs, design, and operating effectiveness testing.
2. Performs quality review over testing workpapers (produced by other testers) to ensure execution and documentation meet First Line of Defense Control Testing Methodology and testing quality expectations.
3. Lead representative to ensure relevant stakeholders are appropriately engaged in all critical testing phases.
4. Provides support to Tester(s) to ensure testing is being performed effectively and efficiently.
5. Responsible for monitoring all testing phases including escalation of significant deficiencies and/or testing delays.
6. Compile, manage, submit and socialize required monthly, quarterly or annual reporting including test results, dashboards and/or testing issue remediation status.
7. Responsible for assisting in the identification and escalation of follow-ups and potential deficiencies.
8. 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.
9. Assist with control projects, operational and/or corporate risk initiatives, where directed.

The successful candidate will benefit from having:

1. College or university degree is preferred.
2. 10+ years of risk and control experience.
3. Experience in financial services industry.
4. Deep understanding of control frameworks and testing methodologies.
5. Self-motivated with strong collaboration and communication skills, both verbal and written, with varying organizational levels including senior management.
6. Excellent analytics skills and attention to detail.
7. Strong interpersonal and leadership skills, including experience mentoring.
8. Ability to juggle multiple tasks while effectively able to work towards deadlines.

Salary Range:

$95,600 - 162,400 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.