Specialist, Business Unit Control - Investment Practice

001 The Northern Trust Company; Chicago (IL); On-site; 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

Discretionary bonus program

Job summary

Northern Trust is seeking a seasoned Risk & Control professional in Chicago, to lead control framework implementation and risk assessments across multiple functions. You will ensure rigorous preventative and detective controls, and report findings to control management.

The role requires 7+ years in risk & control within financial services, with strong communication skills and ability to drive consensus. Employment is on-site, with a focus on governance and regulatory adherence.

Qualifications

• Proven ability to explain difficult or sensitive information; works to build consensus.
• Strong communication; verbal and written.
• Attention to detail in risk & control processes.

Responsibilities

• Advise and assist control leadership on implementing the control framework and ensure adherence to the highest standards.
• Conduct process Risk Assessments for your practice area(s).
• Ensure proper preventative and detective controls are in place and strengthen weaknesses.
• Support the risk-based control test plan to identify excessive risk early.
• Report process test findings to control management.
• Support thematic reviews to assure control effectiveness across processes.
• Ensure procedures are compliant with policies and regulatory requirements.
• Communicate findings and recommendations to management.
• Support Control programs including remediation and standards; define methodology and track actions.
• Promote a strong risk management culture within the business.

Skills

Strong communication

Attention to detail

Explain difficult information

Collaborative

Education

College/University degree

7+ years Risk & Control experience

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.

Key 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, (via the agreed Control Testing report template).


• Support manager with planning and execution of the thematic reviews required to provide assurance to business leadership of control effectiveness surrounding internal processes, procedures, and client specific servicing deliverables.


• 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.


• Assists in the communication and implementation of corporate policies within the business unit.


• Communicate findings and enhancement recommendations (verbally and in writing) with control management.


• Support key Control programs such as the Audit Remediation, ASL, ATP Standards etc. Including the definition of the methodology, the execution of the programs, and to ensure the implementation and tracking of agreed actions.


• Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business.

Requirements

• Professional with extensive business experience, multi-disciplinary functional experience with a focus on proactive activities within the Global Control group.


• Knowledge of the firm and industry.


• Ability to explain difficult or sensitive information; works to build consensus.


• Strong communication skills, verbal and written.


• Attention to detail.


• College or University degree is preferred.


• 7+ years of Risk & Control experience required.


• Financial services experience.

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.

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

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.)