Chicago, IL, USA
4 days ago
Strategic Remediation Oversight- Non-Financial Risk Specialist

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.

This high-profile specialist role engages with senior members of Northern Trust to provide support to ensure successful remediation of regulator and significant audit findings.  The seasoned professional provides practical guidance, functional expertise, and execution rigor to significant remediation activities.  A strong and decisive communicator, this individual promotes a collaborative approach to provide support in enhancing the risk and control environment for the organization. 

The key responsibilities of the role include:

Provide effective review and challenge of critical Regulatory/Audit remediation initiatives across NTC including responses, remediation plans, remediation program, and regional and global key deliverablesIdentify and escalate critical gaps in NTC’s responses and remediation initiatives and present feedback / challenge in management forums, in advance of the formal closure submissionAct as an advisor and provide guidance to business and corporate functions in responding to regulatory or audit inquiries, responses, and remediation plans and implementing remediation programsEnsure that remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design, operational effectiveness and sustainability (where applicable)Responsible for active stakeholder engagement by ensuring close collaboration with key stakeholders across the NTC and working closely with subject matter experts on relevant remediation programsWork closely with the Head of Remediation Validation testing to ensure the testing plans are robust and aligned with the remediation activities undertaken and provide support on execution of key validation testing requirementsRemain current on regulatory rules and changes within the industryLeverage a strong peer network and tap the industry to identify leading practices

The successful candidate will benefit from having:

Required Skills / Experience

A college or university degree15+ yrs. experience in financial services, with 10+ years’ experience in a financial institution, or similar consulting experience in the financial services industry specifically in a non-financial risk areaStrong analytical, leadership, and organizational skillsAbility to work under pressureAbility to multitask and demonstrate flexibility to change plans at short noticeAbility to communicate effectively in both oral and written forms, with all levels of staff and management 

Required Competencies

Demonstrate strong initiative and interpersonal skills, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversityAbility to manage through critical issues and realign priorities and deliverables as neededAbility to form evaluative judgment(s) based on analysis of information in complicated, unique and dynamic situationsUnderstanding of position and relationship within the overall function to achieve objectives

#LI-LK2, #LI-Hybrid

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.

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