Asset Servicing Americas, Risk and Control Execution Lead

001 The Northern Trust Company; Chicago (IL); On-site; USD 172,000 - 301,000; Full time

Benefits offered by this job

Comprehensive benefits package

401(k) and pension

Discretionary bonus program

Job summary

Northern Trust seeks a Regional Control Lead to strengthen the control environment for Asset Servicing Americas. You will align operating models, drive clarity and collaboration, and use technology to improve efficiency, while ensuring controls across regions and lines of business.

You will work with first through third-line executives, owners, and process leads to design, manage and execute a systematic control framework to reduce losses, errors, threats and risk.

Qualifications

• Self-motivated leader with ownership of issues and resolution.
• Strong organizational skills across multiple tasks and horizons.
• Decision-making when control changes affect clients and operations.
• Solid understanding of controls and practical application.
• Analytical, problem solving and process re-engineering skills.
• Excellent project management and clear oral/written communication.
• Ability to translate strategy into tactical plans.

Responsibilities

• Lead the control program for the Asset Servicing Americas Region and provide assurances.
• Design target operating model with metrics and insights into trends and risks.
• Direct embedded control teams and apply risk tools to identify gaps.
• Manage remediation reviews and address control gaps identified by functions.
• Oversee incident response and apply lessons across the business.
• Act in alignment with functional strategy impacting regional results.

Skills

Self-starter

Leadership

Strategic planning

Risk management

Project management

Communication

Stakeholder engagement

Job description

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

The Regional Control Lead plays an important role in preserving and enhancing the foundational strength of the control environment, in support of the business unit strategy. The operating model has global alignment which is centrally managed, along with embedded control teams to ensure universal coordination and consistency in delivery. As a Regional Control Lead, you hold a leadership role and you will have direct responsibility for aligning the operating model, driving clarity and collaboration, and utilizing technology to increase efficiency, as a key driver in executing upon the global strategy. Along with other senior executives, you will hold accountability for the operating effectiveness of the controls in each practice area, business line, and/or region. In addition, you will work closely with other first, second- and third-line executives, as well as the process owners, to proactively design, manage and execute a systematic control framework to reduce the opportunity for losses, errors, threats and risks.

Job Description

• Lead the control program supporting the Asset Servicing Americas Region. In doing so, you will provide executive management and key stakeholders with reasonable assurances that the business activities undertaken are appropriately controlled
• Design the target operating model for the control program which includes establishing metrics and storyboards which provide insights into aggregate and horizontal trends, themes and risks
• Direct the day-to-day focus of the embedded control teams using a variety of risk identification, assessment and control tools to spot control weaknesses/gaps and make continual process and control improvements in a documented, disciplined fashion
• Manage the remediation review program to ensure gaps identified by other functions and stakeholders are appropriately addressed; Identify and remediate control gaps identified by the control teams
• Oversee the incident response process, including applying the lessons-learned horizontally, across the extended business unit
• Guided by organization functional strategy, has broad impact on the functional, divisional or regional results

Knowledge

• Highly motivated, energetic self-starter who takes ownership of issues and drives them to resolution.
• Good organizational skills - manages & prioritizes multiple tasks across different time horizons within deadlines
• Strong decision-making skills to the extent control changes impact clients, and business process and ongoing operations.
• A good understanding of controls and how to apply them to different processes and businesses
• Strong analytical, problem solving & process re-engineering skills.
• Excellent project management skills; oral and written communication
• Skills in translating broad strategic intent into tactical plans and directions are essential.
• Negotiates with senior leaders across the business

Salary Range

$171,700 - 300,500 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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

EEO Statements

APAC/INDIA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)