Asset Servicing Americas, Risk and Control Execution Lead

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

Benefits offered by this job

401k and pension

Medical/dental/vision

Paid time off

Parental leave

Life & disability insurance

Well-being benefits

Discretionary bonus

Job summary

The Northern Trust Company is seeking a leader to head the control program for Asset Servicing Americas, delivering assurance that business activities are properly controlled and compliant. You will design operating models, establish metrics, and guide embedded teams to identify and remediate control gaps while managing incident responses across the region.

Qualified candidates will have strong analytical, project management and negotiation skills, with the ability to translate strategic intent

Qualifications

• 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

Responsibilities

• Lead the control program supporting the Asset Servicing Americas Region and provide executive management with assurances that activities are appropriately controlled.
• Design the target operating model for the control program with metrics and storyboards for insights into trends, themes and risks.
• Direct the day-to-day focus of embedded control teams using risk identification and control tools to spot weaknesses and drive improvements.
• Manage the remediation review program to address gaps identified by other functions and stakeholders.
• Oversee the incident response process, applying lessons learned across the organization.
• Operate under strategic guidance with broad impact on regional results.

Skills

Ownership of issues

Organizational skills

Decision making

Controls knowledge

Analytical skills

Project management

Communication

Strategic translation

Negotiation

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.

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.

• 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
• other voluntary and well-being benefits
• 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 o