Specialist, BU Control

001 The Northern Trust Company; 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

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.

About the Opportunity

As a Specialist, Business Unit Control, you will join the Asset Servicing Control team and help strengthen the control environment across operational processes, procedures, and client servicing activities. This role provides broad exposure across Asset Servicing and the organization's control functions, with opportunities to partner with control managers, business stakeholders, and cross-functional teams on key priorities.

What You’ll Do

• Conduct risk reviews across operational processes and client servicing deliverables.
• Review and test processes and controls, and recommend actions to address gaps.
• Support control initiatives that 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 in partnership with business units.
• Lead operational loss event activities in partnership with business units.

What You’ll Need

• Bachelor’s degree in business, management, or a related field preferred.
• 7 yrs experience in banking or another regulated environment, ideally in risk, controls, audit, compliance, or governance.
• Experience with Governance, Risk, and Compliance (GRC) tools preferred.
• Strong analytical, problem-solving, and prioritization skills.
• Strong communication skills and the ability to influence diverse stakeholders.
• Ability to think strategically and execute in a fast-paced environment.
• Proficiency in Microsoft 365 applications, including Excel, PowerPoint, Outlook, Visio, Power BI, and SharePoint.

#hybrid Salary Range

Salary Range: $114,700 - 194,900 USD. Salary range is a good faith estimate of base pay.

Benefits

• 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 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.

A global financial leader

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.

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, 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 or gender ...