Senior Consultant, COO Control

Northern Trust • Chicago, IL

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About The Position

Northern Trust is a global financial services company with more than 135 years of experience and over 24,000 partners. The COO Business Unit Control team is part of the First Line of Defense and provides oversight and governance of Operating Business Controls to support resilience to current and future risks. The role engages with global Operations teams and a diverse group of stakeholders within the Chief Operating Office, including through control framework work, collaboration with the Second and Third Lines of Defence, metrics and reporting, and strategic change.

The Senior Consultant works with control and practice managers to execute control best practices and advise on risk avoidance and control enhancements. The role involves risk-based control reviews and analysis of incidents to identify trends, root causes, and ways to prevent recurrence. It offers opportunities to develop risk and control skills and Operations Business Unit knowledge through broad stakeholder engagement.

Requirements

• Strong communication skills and comfort interacting with partners at all levels.
• Ability to work independently and collaborate with others.
• Strong organizational and planning skills.
• Experience using Microsoft 365 packages, including Outlook, Excel, PowerPoint, Visio, and Power BI, and SharePoint.
• Authorization to work in the U.S. without current or future employment-based visa sponsorship.

Nice To Haves

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

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.
• 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 follow 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 timing, framework guidance, and evidence requirements for 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.

What This Job Offers

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