R151718

Northern Trust • Chicago, IL

23h

About The Position

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. The Specialist, Chief Control Office role is a critical role within the 1LOD that will be responsible for supporting and driving the design and implementation of Northern Trust’s internal control architecture, standards, inventory and establishment of quality standards. This will also include the execution of other high priority projects and activities related to enterprise internal controls. The ideal candidate will have significant experience working in a fast paced programme delivery environment, coupled with Subject Matter Expert (SME) knowledge of all aspects of Internal Controls and Operational Risk, both from a theoretical perspective and an experienced practitioner, respectively. The ability to understand risk and control frameworks integration, structure and alignment will be paramount. The candidate will also need programme/project delivery experience, leading large, high profile pieces of work. The role will be part of a centralized team which needs to drive consistency and effectiveness around the internal control inventory, control standards, quality adherence and the utilization of internal controls to mitigate risk. Verbal and written communication skills will be mission critical as the role will support liaising with key stakeholders and collaborating with senior business leaders on key initiatives. This is a newly created function, which will require self-starting abilities and a proven track record of delivery and execution in a fast paced global environment. The key responsibilities will include;

Requirements

• The successful candidate will benefit from having; Significant experience/expertise in global banking organizations, specializing in risk/control management and programme delivery
• Proven experience at a multi-national Financial Institution or consulting firm
• Practical experience developing and/or implementing risk and control frameworks
• Delivery focused mindset gained through project and/or program management experience e.g. planning, issue management/escalation and running large workshops/forums
• Critical thinker with superior problem solving abilities who is able to organize and manage people and resources to effectively prioritize issues and respond to senior management, Boards and key stakeholders
• Strong communication written/oral skills, ability to communicate complex topics in a simple and concise manner
• Ability to engage a diverse set of stakeholders, build long-term relationships, and create a collaborative and approachable environment
• Ability to think strategically, execute with precision and prioritize in a fast-paced environment
• Bachelor’s degree in business administration, management, or a related field.

Nice To Haves

• Experience with Governance, Risk and Compliance (GRC) tools highly desirable
• An MBA, CFA, or related advanced credentials preferred

Responsibilities

• The role holder will undertake a key role within the Chief Control Office in designing and implementing: Group wide control architecture including strategy and framework
• Control Standard including internal control methodology and best practice for control practitioners
• Control inventory to drive consistency in how controls mitigate risk across the group
• Ongoing oversight and management of the control inventory, adopted by Control Owners , including relevant governance and reporting
• Work with Control Owners across the group to harmonize and align control and other relevant internal standards
• Seek out and implement opportunities for increased usage of automated controls and/or machine learning
• Work closely with 1st and 2nd line of defence risk and control partners to develop and enhance risk and control management best practices

Benefits

• Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.
• Northern Trust also provides a discretionary bonus program that may include an equity component.

What This Job Offers

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