Asset Servicing Americas, Risk and Control Execution Lead

Northern Trust•Boston, MA

11d•$171,700 - $300,500

About The Position

The Regional Control Lead leads the control program supporting Northern Trust’s Asset Servicing Americas Region, providing executive management and key stakeholders with reasonable assurance that business activities are appropriately controlled. The role aligns and executes the globally managed operating model, drives clarity and collaboration, and uses technology to improve efficiency in support of the global strategy. The position designs the control program’s target operating model, including metrics and storyboards that reveal aggregate and horizontal trends, themes, and risks. It directs the day-to-day focus of embedded control teams, using risk identification, assessment, and control tools to identify weaknesses and gaps and drive documented, disciplined process and control improvements. The lead also manages remediation reviews, addresses gaps identified by control teams and other stakeholders, and oversees incident response and the horizontal application of lessons learned across the extended business unit. Working with senior executives, first-, second-, and third-line executives, and process owners, the Regional Control Lead helps design, manage, and execute a systematic control framework to reduce losses, errors, threats, and risks. The role has broad impact on functional, divisional, or regional results.

Requirements

Strong understanding of controls and how to apply them to different processes and businesses.
Strong analytical, problem-solving, and process re-engineering skills.
Excellent project management skills.
Excellent oral and written communication skills.
Strong decision-making skills, including when control changes affect clients, business processes, and ongoing operations.
Good organizational skills, including the ability to manage and prioritize multiple tasks across different time horizons and meet deadlines.
Ability to translate broad strategic intent into tactical plans and directions.
Ability to negotiate with senior leaders across the business.
Highly motivated, energetic self-starter who takes ownership of issues and drives them to resolution.

Responsibilities

Lead the control program supporting the Asset Servicing Americas Region and provide executive management and key stakeholders with reasonable assurance that business activities are appropriately controlled.
Design the control program’s target operating model, including metrics and storyboards that provide insight into aggregate and horizontal trends, themes, and risks.
Direct the day-to-day focus of embedded control teams, using risk identification, assessment, and control tools to identify weaknesses and gaps and drive documented, disciplined process and control improvements.
Manage the remediation review program to ensure gaps identified by other functions and stakeholders are appropriately addressed.
Identify and remediate control gaps identified by the control teams.
Oversee the incident response process and apply lessons learned horizontally across the extended business unit.
Work with senior executives, first-, second-, and third-line executives, and process owners to design, manage, and execute a systematic control framework.
Translate organizational functional strategy into tactical plans and directions.