Embedded Practice Control Officer - Global Family Office (GFO)

Northern Trust • Chicago, IL

20h • Remote

About The Position

Uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires specialized depth and/or breadth of expertise in own job discipline or field. Leads others to solve complex problems. Works independently, with guidance in only the most complex situations. May lead functional teams or projects. The Control Specialist is responsible for providing support and oversight of the operational control environment for the designated practice areas. The Specialist must consistently identify risk, articulate the risk, and propose 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.

Requirements

• 7+ years of Risk & Control experience required.
• Financial services experience.
• 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).

Nice To Haves

• College or University degree is preferred.

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.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree