Specialist, Wealth Management Middle Office Control

ACCA Careers; Tempe (AZ); On-site; USD 108,965 - 185,155; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Discretionary bonus program

Job summary

Northern Trust is seeking a Control Specialist to oversee the operational control environment in Tempe, Arizona. This role requires advising leadership on control frameworks, conducting risk assessments, and maintaining compliance with policies.

The ideal candidate will have extensive business experience, strong communication skills, a risk and control background, and be able to manage sensitive information effectively. The position offers a competitive salary and comprehensive benefits package.

Qualifications

• Professional with extensive business experience and multi-disciplinary functional experience.
• Ability to explain difficult or sensitive information; works to build consensus.
• Financial services experience with fiduciary management preferred.

Responsibilities

• Advise on implementing control framework and maintain control processes.
• Conduct process risk assessments and strengthen control weaknesses.
• Support risk-based control test plan to identify control issues.
• Communicate findings and enhancement recommendations with management.
• Serve as single point of contact in Tempe office for Wealth Management.

Skills

Strong communication skills

Attention to detail

Risk & control experience

Knowledge of the firm and industry

Education

College or university degree

Job description

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award‑winning financial institution that has been in continuous operation since 1889. We are proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Description Summary

The Control Specialist is responsible for providing support and oversight of the operational control environment for the designated practice areas. The Specialist consistently identifies risk, articulates it, and proposes solutions to address risk to the practice area control manager and the control leadership team. The Specialist consistently displays a balanced, cross‑functional perspective, collaborating with the business, Control, and relevant Northern Trust counterparts (e.g., Risk, Legal, Compliance, Audit, etc.) to improve efficiency, effectiveness, and productivity.

Major Duties

• Advise and assist leadership on implementing control framework and ensure adherence to maintaining the control processes in accordance with the highest standards and best practices.
• Conduct process risk assessments for the practice area. 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 management.
• 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.
• Host monthly Office Risk Review with management. Coordinate materials, guide discussion, track actions to closure.
• Ensure that current policies and procedures are in place for practice area. Confirm that procedures are in compliance with organizational standards and regulatory requirements. Assist in the communication and implementation of corporate policies within the business unit.
• Communicate findings and enhancement recommendations with management.
• Support issue management and key control programs such as the Audit Remediation, ASL, ATP Standards, etc., including the definition of the methodology, execution of the programs, and ensuring implementation and tracking of agreed actions.
• Provide metrics oversight to ensure team performance alignment to objectives and identification of variances that could represent risk areas.
• Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business.
• Serve as single point of contact in Tempe office for Wealth Management Middle Office.

Necessary Knowledge and Skills

• Professional with extensive business experience, multi‑disciplinary functional experience with a focus on proactive activities within the operational 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.

Necessary Experience and Education

• College or university degree is preferred.
• Risk & control experience required.
• Financial services experience with fiduciary management preferred.

Salary Range

$108,965 - 185,155 USD

Benefits

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including 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, and other voluntary and well‑being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Reasonable Accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail].