Market Operations, Control Lead

Northern Trust • Chicago, IL

19d • Hybrid

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. Working Model: Hybrid We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. Summary The Market Operations organization enables growth, drives efficiency, and embeds control and resiliency across the following capabilities servicing the enterprise: Capital Markets, Securities, Liquidity, Payments, Collateral, Banking, and Client Onboarding. Reporting to the Practice Executive, Market Operations, this key leadership role will act as point of coordination and collaboration between the COO Enterprise 1LOD, 2LOD, and 3LOD teams and the Market Operations business unit teams to manage and mitigate risk associated with business unit controls and operational resiliency.

Requirements

• Bachelor’s degree in business administration or related field
• 15 + years in the financial services industry with in-depth expertise in Control, Resiliency, Compliance, or Audit functions within a regulated environment
• Global management experience working across Legal Entity structures and locations.
• Background in Cash, Securities, and/or Capital Markets
• Expert at synthesizing multiple data sources and information to develop and articulate a cohesive view of the risk environment and potential impacts to the business/firm.
• Highly capable of analyzing and assessing risk and control matters and driving collaborative decision making.
• Highly flexible and adaptable to change, often managing multiple priorities and stakeholders and able to easily adjust to changing needs/deliverables/timing.
• Strong written and verbal communication skills and executive presence needed to influence and persuade others and drive key messages and change across a broad, diverse, matrixed stakeholder group.

Nice To Haves

• Program/Project management experience preferred.

Responsibilities

• Collaborate with the capability owners to drive consistency and standardization globally across Market Operations to ensure compliance with organizational policies, standards and controls and effectively execute the following business processes to include (but not limited to): -1LOD testing (RCSA, SOC/SOX, other controls) -RCSA Execution/Risk Identification -Issues Management -Risk Events, Accounting Servicing Losses (ASLs), and root cause reviews. -Internal audits and regulatory exams -Business process/procedures documentation -Risk reporting (KPI/KRI) -Related enabling training and communications
• Develop engagement approach and accountability between Market Operations and 1LOD, 2LOD, and 3LOD functions to enable compliance and manage and mitigate across risk categories.
• Routinely gather data, insights, and status of programs and prepare and provide meaningful updates to senior leadership, Enterprise Risk and COO Risk Committees, and regulators.
• Accountable to create and manage capacity plan and execution against timing and key deliverables requested by key risk stakeholder groups.
• Promote a culture of inclusiveness, accountability, continuous improvement, and process excellence.
• Foster a risk-aware empowered culture.

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