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Embedded Practice Control Officer, Global Family Office, Northern Trust, Chicago

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Andsimple
Full Time position
Listed on 2026-08-21
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst, Financial Compliance, Regulatory Compliance Specialist
Salary/Wage Range or Industry Benchmark: 130000 - 170000 USD Yearly USD 130000.00 170000.00 YEAR
Job Description & How to Apply Below

Northern Trust's Global Family Office (GFO) is hiring an Embedded Practice Control Officer to own the operational control environment for the practice: implementing control frameworks, running risk assessments and risk-based testing, supporting thematic reviews and audit remediation, and driving a strong risk-management culture. Requires 7+ years of risk & control experience in financial services.

About the Company

Northern Trust is a global wealth-management and asset-servicing leader operating since 1889, serving sophisticated clients through innovative financial solutions and guided by Service, Expertise and Integrity across a 24,000+ employee base.

Role Summary

The Control Specialist provides oversight and support for the operational control environment within the Global Family Office practice, identifying risks and proposing solutions to strengthen processes.

Key Responsibilities
  • Implement control frameworks and maintain adherence to best practices;
  • conduct risk assessments and evaluate preventative/detective controls;
  • support risk-based testing to identify issues early;
  • assist with thematic reviews ensuring control effectiveness;
  • verify policies and procedures comply with standards and regulations;
  • communicate findings and enhancement recommendations to management;
  • support control programs including Audit Remediation and ATP Standards;
  • and foster a strong risk-management culture.
Requirements
  • College/University degree preferred;
  • 7+ years of Risk & Control experience required;
  • financial-services background;
  • strong verbal and written communication;
  • attention to detail and ability to build consensus.
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