Specialist , BU Control
About The Position
The Specialist, BU Control is part of Northern Trust’s First Line of Defense COO BU Control team, which provides oversight and governance of COO and Corporate Function controls to support resiliency and mitigate current and emerging risks. The role works with business teams and Practice Managers to apply control best practices and advise on risk mitigations and control enhancements. It engages with global COO and Corporate Function stakeholders and collaborates with the Second and Third Lines of Defense on control framework and assurance, program governance, metrics and reporting, and strategic change initiatives. The Specialist conducts risk-based control reviews, supports remediation of issues, and analyzes incidents to identify trends and prevent recurrence. The role offers the opportunity to develop risk and control expertise and knowledge of COO and Corporate Function business units through engagement with stakeholders at various levels of seniority.
Requirements
- Relevant experience or expertise in banking or a similar regulated organization, specializing in risk or control roles such as risk management, control, governance, audit, compliance, or testing.
- Delivery-focused mindset gained through project and/or program management experience.
- Strong organizational and problem-solving abilities, with the ability to manage people and resources, prioritize issues, and respond effectively to senior management and key stakeholders.
- Ability to problem-solve and engage with stakeholders with minimal oversight and direction.
- Strong written and oral communication skills, including the ability to explain complex topics simply and concisely to senior management and practice executives.
- Ability to engage diverse stakeholders, build long-term relationships, and foster a collaborative and approachable environment.
- Ability to think strategically, execute precisely, and prioritize in a fast-paced environment.
- Ability to work independently and collaboratively.
- Experience using Microsoft 365 applications (Outlook, Excel, PowerPoint, Visio, and Power BI) and SharePoint.
- Applicants must be authorized to work in the U.S. without current or future employment-based visa sponsorship.
Nice To Haves
- Experience with Governance, Risk and Compliance (GRC) tools.
- Bachelor’s degree in business administration, management, or a related field is preferable.
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 ad hoc reviews and remediation efforts.
- Prepare recommendations to strengthen control weaknesses.
- Participate in assigned control project deliverables to implement enhanced controls and efficiency improvements.
- Facilitate control program governance, metrics, and reporting requirements for COO and Corporate Functions as requested.
- Periodically review practice-specific policies and standards to ensure procedures are adequate, align with organizational standards, mitigate risk, and meet known regulatory requirements.
- Escalate risk- and control-related matters to the practice control manager and relevant stakeholders.
- Analyze incidents and operational losses to identify trends, root causes, and corrective actions.
- Participate in the RCSA (Risk & Control Self-Assessment) program for specific business units, ensuring risks and controls are identified and assessed appropriately and providing evidence of control review and challenge.
- Assist with operational and/or corporate risk initiatives as directed.
- As a designated issue Manager within the Issue Remediation Program, work with Business Units to review management actions and supporting artifacts required to mitigate identified risks.
- As a designated Control Lead within the Operational Loss Event Program, work with Business Units to ensure adherence to the program.
- Perform other duties as assigned.
Benefits
- Retirement benefits, including 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.
- Other voluntary and well-being benefits.
- Discretionary bonus program that may include an equity component.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
