Senior Consultant, COO Control

Northern Trust • Chicago, IL

2d • $83,100 - $141,300

About The Position

The Senior Consultant is part of Northern Trust’s First Line of Defense, within the COO Business Unit Control team, which provides oversight and governance of Operating Business Controls to support resilience to current and future risks. The role works with control and practice managers to execute control best practices and advise on risk avoidance and control enhancements. It interacts with Operations teams globally and a diverse range of stakeholders in the Chief Operating Office, covering control framework and assurance, collaboration with the Second and Third Lines of Defence, metrics and reporting, and strategic change.

The consultant conducts risk-based control reviews and analyzes incidents to identify trends, root causes, and solutions that may prevent recurrence. The position offers the opportunity to develop risk and control skills and Operations Business Unit knowledge through broad stakeholder engagement at all seniority levels.

Requirements

• Strong communication skills and comfort interacting with partners at all levels.
• Ability to work on own initiative and collaborate with others.
• Strong organizational and planning skills.
• Experience using Microsoft 365 applications, including Outlook, Excel, PowerPoint, Visio, and Power BI, and SharePoint.
• Applicants must be authorized to work in the U.S. without employment-based visa sponsorship now or in the future.

Nice To Haves

• Financial services experience is preferred.
• Experience in Operations Risk, Control, Governance, Audit, Testing, Compliance, or a similar role is beneficial.

Responsibilities

• Contribute to periodic risk reviews of operational processes, procedures, and client-specific servicing deliverables.
• Review and test practice-area processes, controls, and operating practices through allocated control testing, and prepare recommendations to strengthen control weaknesses.
• Participate in assigned control project deliverables to implement enhanced controls and efficiency improvements.
• Periodically review practice-specific policies and ensure procedures are in place and comply with organizational standards and regulatory requirements.
• Escalate risk- and control-related matters to the practice control manager.
• Evaluate incidents and operational losses, conducting thorough analysis to identify trends and root causes.
• Facilitate the RCSA (Risk & Control Self-Assessment) program for specific business units, ensuring adherence to project-plan timing and framework guidance, and documenting control review and challenge.
• Assist with operational and/or corporate risk initiatives as directed.
• As a designated Control Lead in the Audit Remediation Program, work with Business Units to validate management actions required to mitigate risks identified by Audit.
• As a designated Control Lead in the Account Service Loss (ASL) Program, work with Business Units to ensure adherence to the Loss Event Data (LED) Program.

Benefits

• Retirement benefits, including 401(k) and pension.
• Health and welfare benefits, including medical, dental, vision, spending accounts, and disability coverage.
• 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