Specialist, BU Control

Northern Trust • Chicago, IL

4d • $114,700 - $194,900 • Hybrid

About The Position

As a Specialist, Business Unit Control, you will join Northern Trust’s Asset Servicing Control team and help strengthen the control environment across operational processes, procedures, and client servicing activities. The role offers broad exposure across Asset Servicing and the organization’s control functions, with opportunities to partner with control managers, business stakeholders, and cross-functional teams on key priorities.

Requirements

• Seven years of experience in banking or another regulated environment, ideally in risk, controls, audit, compliance, or governance.
• Strong analytical, problem-solving, and prioritization skills.
• Strong communication skills and the ability to influence diverse stakeholders.
• Ability to think strategically and execute in a fast-paced environment.
• Proficiency in Microsoft 365 applications, including Excel, PowerPoint, Outlook, Visio, Power BI, and SharePoint.

Nice To Haves

• Bachelor’s degree in business, management, or a related field preferred.
• Experience with Governance, Risk, and Compliance (GRC) tools preferred.

Responsibilities

• Conduct risk reviews across operational processes and client servicing deliverables.
• Review and test processes and controls, and recommend actions to address gaps.
• Support control initiatives that enhance efficiency and strengthen controls.
• Support governance, metrics, and reporting for Asset Servicing controls.
• Review policies and standards to support risk mitigation and regulatory alignment.
• Escalate risk and control matters to key stakeholders.
• Evaluate incidents and losses to identify trends, root causes, and corrective actions.
• Support RCSA activities by assessing and challenging risks and controls.
• Support operational and corporate risk initiatives, as needed.
• Lead issue remediation activities in partnership with business units.
• Lead operational loss event activities in partnership with business units.

Benefits

• Retirement benefits, including a 401(k) and pension.
• Health and welfare benefits, including medical, dental, vision, spending accounts, and disability benefits.
• Paid time off.
• Parental and caregiver leave.
• Life and accident insurance.
• Voluntary and well-being benefits.
• Discretionary bonus program that may include an equity component.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level