Specialist , BU Control

Northern Trust•Chicago, IL

4d•$114,700 - $194,900

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 globally with COO and Corporate Function teams and a diverse group of business stakeholders. It supports control framework and assurance, collaboration with the Second and Third Lines of Defense, program governance, metrics and reporting, and strategic change initiatives. The Specialist works with the business and Practice Managers to apply control best practices and advise on risk mitigation and control enhancements. Work includes risk-based control reviews, oversight and review of remediation issues, and analysis of incidents to identify trends and preventive solutions. The position offers an opportunity to develop risk and control skills and knowledge of COO and Corporate Function business units through engagement with stakeholders at various seniority levels. Northern Trust describes the salary range as a good-faith estimate of base pay and offers a comprehensive benefits package, discretionary bonus program that may include an equity component, and a flexible, collaborative work culture. Applicants must be authorized to work in the U.S. without current or future employment-based visa sponsorship.

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, including the ability to manage people and resources, prioritize issues, and respond to senior management and key stakeholders.
Ability to solve problems and engage 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, including Outlook, Excel, PowerPoint, Visio, and Power BI, and SharePoint.
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Nice To Haves

Experience with Governance, Risk and Compliance (GRC) tools.
A bachelor’s degree in business administration, management, or a related field.

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 governance, metrics, and reporting requirements for COO and Corporate Functions.
Periodically review practice-specific policies and standards to ensure adequate procedures are in place, meet organizational standards, mitigate risk, and address 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 Risk & Control Self-Assessment (RCSA) program for specific business units, ensuring risks and controls are appropriately identified and assessed 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 risks identified by issue-identifying groups.
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.