Asset Servicing Controls Specialist

Northern Trust Corp; Chicago (IL); Hybrid; USD 115,000 - 195,000; Full time

Benefits offered by this job

Retirement benefits (401k and pension)

Health and welfare benefits (medical,

Paid time off

Parental and caregiver leave

Life & accident insurance

Other voluntary and well-being

Discretionary bonus program (possible

Job summary

Northern Trust is seeking a Specialist, Business Unit Control to join the Asset Servicing Control team and strengthen controls across operations and client servicing. The role offers broad exposure to risk, governance, and compliance in a global banking environment.

You’ll conduct risk reviews, test processes, support governance, metrics, and reporting, and escalate issues with key stakeholders. Hybrid work model in Chicago is available.

Qualifications

• Bachelor’s degree in business, management, or related field.
• 7+ years in banking or regulated environment (risk, controls, audit, compliance, governance).
• GRC tools experience preferred.
• Strong analytical, problem-solving, and prioritization skills.
• Strong communication skills and ability to influence diverse stakeholders.
• Proficiency in Microsoft 365 including Excel, PowerPoint, Outlook, Visio, Power BI, and SharePoint.

Responsibilities

• Conduct risk reviews across operational processes and client servicing deliverables.
• Review and test processes and controls, and address gaps.
• Support control initiatives to enhance efficiency and strengthen controls.
• Support governance, metrics, and reporting for Asset Servicing controls.
• Review policies and standards to support risk mitigation and regulatory alignment.
• Escalate risk and control matters to key stakeholders.
• Evaluate incidents and losses to identify trends, root causes, and corrective actions.
• Support RCSA activities by assessing and challenging risks and controls.
• Support operational and corporate risk initiatives as needed.
• Lead issue remediation activities with business units.
• Lead operational loss event activities with business units.

Skills

Strong analytical skills

Strong communication skills

Strategic thinking

Influence stakeholders

Problem-solving

Prioritization

Education

Bachelor’s degree in business/related field

Tools

Excel

Power BI

SharePoint

Visio

PowerPoint

Outlook

Job description

Northern Trust is seeking a Specialist, Business Unit Control to join the Asset Servicing Control team and strengthen controls across operations and client servicing. The role offers broad exposure to risk, governance, and compliance in a global banking environment.

You’ll conduct risk reviews, test processes, support governance, metrics, and reporting, and escalate issues with key stakeholders. Hybrid work model in Chicago is available.