Embedded Risk & Controls Lead

Northern Trust; Chicago (IL); On-site; USD 114,700 - 194,900; Full time

Job summary

Embedded Practice Control Officer, Northern Trust, Chicago, IL, is responsible for providing oversight of the operational control environment across designated practice areas. The role emphasizes risk identification, articulation, and proposing solutions, working with Risk, Legal, Compliance, and Audit to improve efficiency and control effectiveness.

The position requires 7+ years in Risk & Control within financial services, with a college degree preferred.

Qualifications

• 7+ years of Risk & Control experience.
• Financial services experience.
• College or University degree is preferred.

Responsibilities

• Advise and assist control leadership on implementing the control framework and ensure adherence to maintaining the control processes in accordance with the highest standards and best practices.
• Conduct process Risk Assessments for your practice area(s).
• Ensure proper preventative and detective controls are in place for the practice functions assessed and prepare recommendations to strengthen control weaknesses.
• Support the risk-based control test plan to identify excessive risk and/or control issues at an early stage. Report process test findings to control management.
• Support manager with planning and execution of the thematic reviews required to provide assurance to business leadership of control effectiveness.
• Ensure that current policies and procedures are in place for relative practice area(s).
• Confirm that procedures are in compliance with organizational standards and regulatory requirements.

Education

Bachelor's degree

College degree (preferred)

Job description

Embedded Practice Control Officer, Northern Trust, Chicago, IL, is responsible for providing oversight of the operational control environment across designated practice areas. The role emphasizes risk identification, articulation, and proposing solutions, working with Risk, Legal, Compliance, and Audit to improve efficiency and control effectiveness.

The position requires 7+ years in Risk & Control within financial services, with a college degree preferred.