Strategic Remediation Validation - Consultant (Audit and Controls Testing)

Northern Trust; Chicago (IL); Hybrid; USD 74,000 - 127,000; Full time

Job summary

Northern Trust is seeking a Financial Services Assurance and Validation Tester to join their newly established team. This role involves ensuring compliance through rigorous testing practices, engaging with stakeholders, and applying deep industry knowledge to maintain high-quality standards in financial services. The ideal candidate will come with robust auditing experience and relevant certifications.

Benefits

Comprehensive benefits package

Discretionary bonus program

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Qualifications

• Experience in financial services assurance and validation testing.
• Direct internal audit or testing experience.
• Ability to draft and execute formal testing plans.

Responsibilities

• Demonstrate control assessment expertise and execute validation testing plans.
• Identify risks and manage regulatory validation projects.
• Establish relationships with key stakeholders and ensure quality control standards.

Skills

Analytical skills

Project management

Communication

Risk assessment

Education

Professional certifications (CPA, CISA, CIA, ACA, ACCA)

MBA

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.

Northern Trust is 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.

This is a newly created individual contributor position within the recently established Global Strategic Remediation Oversight and Governance team as part of the Global Regulatory Affairs Office. The successful candidate will report to the Remediation Validation Testing Manager. The successful candidate will bring proven expertise in financial services assurance and validation testing activities and will contribute to the execution of the significant remediation quality control/validation testing plan. Significant remediation activities will include those of regulators and internal audit.

The candidate will interact and build relationships with management across Northern Trust. Additionally, the candidate will use their technical ability in the execution of the remediation quality control/validation testing plan.

This individual will play a key role in managing and executing Northern Trust’s remediation quality control/validation testing program, ensuring alignment with regulatory expectations and translating multiple requirements into a balanced validation program. The seasoned professional supplies subject matter expertise, and execution rigor to enable management and coordination of issue validation and related testing activities.

The key responsibilities of the role include:

• Demonstrate control assessment expertise (stemming from internal audit/control testing/issue validation experience)
• Accurately draft, design and execute a quality control/validation testing plan.
• Ensure high quality workpaper standards - ensure quality control/validation documentation is clear, concise, supports the testing reviews performed, and explains decisions made including judgement applied
• Identify and analyze risks, plan and prioritize validation tasks for on-time delivery, conduct interviews, observe operations, document and analyze processes and controls
• Exercise responsibility over the execution of assigned regulatory validation projects and/or deliverables to ensure that work is performedprompt and accurately
• Develop and show an understanding of the business risks, controls, and processes, along with an understanding of relevant laws, regulatory rules and knowledge of the impact of systems within areas reviewed
• Establish and develop strong working relationships with key stakeholders
• Escalate and/or communicate with relevant stakeholders to discuss the issues raised during the quality control/validation activities and agree path forward for resolution
• Demonstrate excellent communication to influence a wide range of stakeholders
• Demonstrate strong initiative, project management, people skills, sound decision-making, intuitive thinking, and sensitivity to cultural diversity
• Display presentation and influence skills

The successful candidate will benefit from having:

• Proven experience in financial services, within a financial institution, or similar consultancy experience in the financial services industry
• Direct internal audit or testing experience
• Test plan writing and execution - Ability to draft, and execute, a formal quality control/validation testing plan that considers the organization’s risk profile, regulatory/legal requirements, and current risk trends
• Demonstrate strong initiative, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversity
• Experience in executing high quality, high value internal testing programs for large businesses or regulated environments
• Ability to work through critical issues and realign priorities and deliverables as needed
• Ability to form evaluative judgment(s) based on analysis of information in complicated, unique and dynamic situations
• Superior analytical and organizational skills
• Ability to multitask and prove flexibility to change plans at short notice
• Ability to communicate effectively in both oral and written forms, with all levels of staff and management

• Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA with proven technical abilities in select areas (e.g., regulatory compliance, risk management, auditing) an advantage

#LI-LK2, #LI-Hybrid

Salary Range:

$74,200 - 126,200 USD

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.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

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].

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.