Specialist, Business Unit Control - Investment Practice

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.

Job Description Summary:

The Control Specialist is responsible for providing support and oversight of the operational control environment for the Investment Compliance Practice of Wealth Managment. 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. The Control Specialist will work with the Head of Investment Compliance as well as with the Controls Organization to align to organizational best practices as well as address specific control needs of Wealth Management.

Major Duties:

• 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, 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.

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

Knowledge:

• Financial Services professional and 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.

Salary Range:

Salary range is a good faith estimate of base pay. 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.

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.