Asset Servicing Americas, Risk and Control Execution Lead

Northern Trust • Chicago, IL

10d • $171,700 - $300,500

About The Position

The Regional Control Lead leads the control program supporting the Asset Servicing Americas Region, providing executive management and key stakeholders with reasonable assurance that business activities are appropriately controlled. The role preserves and enhances the control environment in support of business-unit strategy and aligns the globally managed operating model with embedded control teams to promote coordination and consistent delivery.

This leadership role is responsible for aligning the operating model, driving clarity and collaboration, and using technology to improve efficiency while executing the global strategy. The role is accountable, alongside other senior executives, for operating effectiveness of controls across relevant practice areas, business lines, and/or regions. It works with first-, second-, and third-line executives and process owners to design, manage, and execute a systematic control framework that reduces exposure to losses, errors, threats, and risks. Guided by functional strategy, the role has broad impact on functional, divisional, or regional results.

Requirements

• Take ownership of issues and drive them to resolution; be a highly motivated, energetic self-starter.
• Strong organizational skills, including managing and prioritizing multiple tasks across different time horizons within deadlines.
• Strong decision-making skills, including where control changes affect clients, business processes, and ongoing operations.
• Good understanding of controls and how to apply them to different processes and businesses.
• Strong analytical, problem-solving, and process-reengineering skills.
• Excellent project management skills and oral and written communication skills.
• Ability to translate broad strategic intent into tactical plans and directions.
• Ability to negotiate with senior leaders across the business.
• Applicants must be authorized to work in the U.S. without current or future employment-based visa sponsorship.

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 target operating model for the control program, including metrics and storyboards that provide insights 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 found by the control teams.
• Oversee the incident response process and apply lessons learned horizontally across the extended business unit.
• Align the operating model, promote clarity and collaboration, and use technology to increase efficiency in executing the global strategy.
• Work with first-, second-, and third-line executives and process owners to design, manage, and execute a systematic control framework.

Benefits

• Retirement benefits, including 401(k) and pension.
• Health and welfare benefits, including medical, dental, vision, spending accounts, and disability benefits.
• Paid time off.
• Parental and caregiver leave.
• Life and accident insurance.
• Other voluntary and well-being benefits.
• Discretionary bonus program that may include an equity component.
• Flexible and collaborative work culture.
• Movement within the organization is encouraged and senior leaders are accessible.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed