IT Control Testing Lead/Associate Specialist

Northern Trust • Boston, IL

13d

About The Position

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. Continue to learn, grow and evolve No matter what greater means to you, we can help you find it. We believe in empowering our partners with the resources, support and opportunities to achieve greater and reach their full potential. A strong focus on individual career development and growth is just one way we help you reach your goals. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to strengthening the communities in which we live and work. We are seeking an Associate Specialist , Control Tester to join our newly established Centralized 1LoD Control Testing function (1LoD Control Testing). This 1LOD Testing team aims to standardize and enhance our control testing practices across all Business Units and Corporate Functions. As a key member of this team, you will play a pivotal role in supporting risk management activities across the organization. This includes the opportunity to be immersed across multiple operational and compliance areas, with opportunities to specialize in specific areas of interest. This role will operate under general supervision; however, will primarily work independently to actively execute control test plans and support Testers within the team with their respective execution. Regular activities include a risk-based control review, effective test execution, and an in-depth analysis of control test results to identify key trends and solutions.

Requirements

• College or university degree is preferred
• 10+ years of risk and control experience
• Experience in financial services industry
• Deep understanding of control frameworks and testing methodologies
• Self-motivated with strong collaboration and communication skills, both verbal and written, with varying organizational levels including senior management
• Excellent analytics skills and attention to detail
• Strong interpersonal and leadership skills, including experience mentoring
• Ability to juggle multiple tasks while effectively able to work towards deadlines

Responsibilities

• Leads controls testing execution including walkthroughs, design, and operating effectiveness testing.
• Performs quality review over testing workpapers (produced by other testers) to ensure execution and documentation meet First Line of Defense Control Testing Methodology and testing quality expectations.
• Lead representative to ensure relevant stakeholders are appropriately engaged in all critical testing phases.
• Provides support to Tester(s) to ensure testing is being performed effectively and efficiently.
• Responsible for monitoring all testing phases including escalation of significant deficiencies and/or testing delays.
• Compile, manage, submit and socialize required monthly, quarterly or annual reporting including test results, dashboards and/or testing issue remediation status.
• Responsible for assisting in the identification and escalation of follow-ups and potential deficiencies.
• Work closely with the business partners to obtain issue remediation action plans, track and report status of remediation actions, including maintaining dialogue with the business to ensure timely remediation of issues.
• Assist with control projects, operational and/or corporate risk initiatives, where directed.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees