Specialist, Wealth Management Middle Office Control

Northern Trust • Tempe, AZ

13d • Onsite

About The Position

Wealth Management Middle Office is seeking an embedded control partner to support the Wealth Middle Office function. The role will work alongside management to ensure processes are working effectively. It will assist in the validation of new and changing procedures as the team continues to adjust to technical capability enhancements. The Specialist will serve as a contact point for the Tempe Office as Wealth Management. The Control Specialist is responsible for providing support and oversight of the operational control environment for the designated practice areas. The Specialist must consistently identify risk, articulate the risk, and propose solutions to address risk to the practice area control manager and the control leadership team. The Specialist consistently displays a balanced, cross-functional perspective, collaborating with the business, Control, and relevant Northern Trust counterparts (e.g., Risk, Legal, Compliance, Audit, etc.) to improve efficiency, effectiveness, and productivity.

Requirements

• Professional with extensive business experience, multi-disciplinary functional experience with a focus on proactive activities within operational control group.
• Knowledge of the firm and industry.
• Ability to explain difficult or sensitive information; works to build consensus.
• Strong communication skills, verbal and written.
• Attention to detail.
• Risk & Control experience required.
• Financial services experience with fiduciary management preferred.

Responsibilities

• Advise and assist leadership on implementing control framework and ensure adherence to maintaining the control processes in accordance with the highest standards and best practices.
• Conduct process Risk Assessments for the practice area.
• Ensure proper preventative and detective controls are in place for the practice functions assessed and prepare recommendations to strengthen control weaknesses.
• Support the risk-based control test plan to identify excessive risk and/or control issues at an early stage.
• Report process test findings to management.
• Support manager with planning and execution of the thematic reviews required to provide assurance to business leadership of control effectiveness surrounding internal processes, procedures, and client specific servicing deliverables.
• Host monthly Office Risk Review with management. Coordinate materials, guide discussion, track actions to closure.
• Ensure that current policies and procedures are in place for practice area. Confirm that procedures are in compliance with organizational standards and regulatory requirements.
• Assists in the communication and implementation of corporate policies within the business unit.
• Communicate findings and enhancement recommendations with management.
• Support Issue Management and key Control programs such as the Audit Remediation, ASL, ATP Standards etc. Including the definition of the methodology, the execution of the programs, and to ensure the implementation and tracking of agreed actions.
• Provide metrics oversight to ensure team performance alignment to objectives and identification of variances that could represent risk areas.
• Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business.
• Serve as single point of contact in Tempe office for Wealth Management Middle Office.

Benefits

• 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
• 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: Mid Level
• Education Level: Associate degree