Specialist, Business Unit Control

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure:
Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

The Specialist uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires specialized depth and/or breadth of expertise in own job discipline or field. Leads others to solve complex problems. Works independently, with guidance in only the most complex situations.

May lead functional teams or projects.

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.

Key Responsibilities:

* Advise and assist control leadership on implementing the control framework and ensure adherence to maintaining the control processes in accordance with the highest standards and best practices.

* Conduct process Risk Assessments for your practice area(s). 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 control management, (via the agreed Control Testing report template).

* 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.

* Ensure that current policies and procedures are in place for relative practice area(s). 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 (verbally and in writing) with control management.

* Support key Control programs such as the Audit Remediation. Including the definition of the methodology, the execution of the programs, and to ensure the implementation and tracking of agreed actions.

* Foster and promote Northern Trust's commitment to a strong risk management culture by developing a control mindset within the business.

The successful candidate will have:

* Professional with extensive business experience, multi-disciplinary functional experience with a focus on proactive activities within the Global 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.

Experience:

* College or University degree is preferred.

* 7+ years of Risk & Control experience required.

* Financial services experience is preferred

Salary Range:

$114, USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits…