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 Posting Title: Specialist, Business Unit Control

Job Description Summary:

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.

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 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.

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

Knowledge:

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 with fiduciary management preferred.

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.