Consultant - Business Unit Control

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.

About the Role:

As part of the First Line of Defense, COO BU Control team provides oversight and governance of the COO and Corporate Function controls to ensure resiliency and mitigate current and emerging risks.

This role interacts with COO / Corporate Function teams globally, including a diverse business stakeholder group, through:

• Control Framework and Assurance

• Collaboration with Second and Third Lines of Defense

• Program governance, Metrics and Reporting

• Supporting strategic change initiatives and projects

The Consultant, BU Control is responsible for working with Control & Practice Managers to execute control best practices and advise on risk mitigations and control enhancements.  Regular activities to be defined and executed by the Consultant, BU Control include risk-based control reviews, management and review of issues in remediation and in-depth analysis of incidents to identify key trends and solutions to prevent future reoccurrence.  

This role offers the candidate an opportunity to grow and develop their risk and control skills and COO / Corporate Function Business Unit knowledge while also enhancing their internal network through the broad reach of stakeholder engagement at various seniority levels.

The Key roles and responsibilities:

• Contribute to the periodic risk reviews of operational processes, procedures, and client-specific servicing deliverables.

• Review/test the practice area processes, controls and operating practices through ad hoc reviews and remediation efforts.  Prepare recommendations to strengthen control weaknesses.

• Participate with control project deliverables, as assigned, to implement enhanced controls and efficiency enhancements.

• Facilitate control program governance, metrics and reporting requirements for COO / Corporate Functions, as required and requested.

• Conduct periodic review of practice specific policies and standards to ensure adequate procedures are in place and follow organizational standards, mitigate risk and meet known regulatory requirements.

• Escalate risk and control related matters to the practice control manager and relevant stakeholders.

• Evaluate incidents and operational losses and perform thorough analysis to identify trends, root cause and corrective actions.

• Participate in the RCSA (Risk & Control Self-Assessment) 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 where directed.

• As a designated Control Lead within the Issue Remediation Program, work with Business Units to review the management actions and corresponding artifacts which are required to mitigate the 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.

• Other duties as assigned.

Skills/Experience:

The successful candidate will benefit from having:

• Relevant experience/expertise in banking or similar regulated organization, specializing in risk/control roles such as those in risk management, control, governance, audit, compliance or testing, preferred.

• Experience with Governance, Risks and Compliance (GRC) tools, preferred.

• Critical thinker with strong organizational and problem-solving abilities who is able to organize and manage people and resources to effectively prioritize issues and respond to senior management 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.

• Ability to work with minimal manger oversight, as well as collaborate with others.

• Experience of using Microsoft 365 Packages, (Outlook, Excel, PowerPoint, Visio, Power BI) and SharePoint.

• Bachelor’s degree in business administration, management, or a related field is preferable.

This job description provides a general guide to the duties and responsibilities of the role and is not an exhaustive list of all duties and responsibilities.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.