Remediation Validation - Financial Risk Specialist

About Northern Trust:

Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Role/Department

This is a newly created individual contributor within the recently established Global Strategic Remediation Oversight and Governance (SROG) team as part of the Global Regulatory Affairs Office. The successful candidate will report to the Remediation Validation Testing Manager and will bring proven expertise in financial risk financial services assurance and validation testing activities. Among other activities this individual will assist in designing and establishing the methodology and processes supporting validation of significant remediation quality control validation activities. Significant remediation activities include those of regulators and internal audit.

The candidate will interact and build relationships with senior management across Northern Trust. Additionally the candidate will use their technical ability in the of the remediation quality control/validation testing plan.

This individual will play a key role in managing and executing Northern Trusts remediation quality control/validation testing program ensuring alignment with regulatory expectations and translating multiple requirements into a balanced validation program. The seasoned professional supplies deep subject matter expertise and rigor to enable management and coordination of issue validation and related testing activities.

The key responsibilities of the role include:

Leadership

• Demonstrate excellent communication and leadership to influence a wide range of stakeholders

• Demonstrate strong initiative project management people skills sound decisionmaking intuitive thinking and sensitivity to cultural diversity

• Establish and develop strong working relationships with key stakeholders

• Display strong presentation and influence skills

Technical / Operational

• Contribute to the design and build of the strategic remediation quality control validation methodology and processes including creation of process documentation roll out to stakeholders and team.

• Accurately design and execute the quality control/validation approach for complex regulatory and significant internal audit issues and ensure that quality control/validation documentation is clear concise supports the reviews performed and explains decisions made

• Identify and analyze risks plan and prioritize validation tasks for ontime delivery conduct interviews observe operations document and analyze processes and controls

• Provide effective review and challenge of significant remediation deliverables to ensure quality of design implementation and sustainability

• Exercise responsibility over the of assigned regulatory validation projects and/or deliverables to ensure that work is performed prompt and accurately

• Develop and show an understanding of the business risks controls and processes along with an understanding of relevant laws regulatory rules and knowledge of the impact of systems within areas reviewed

• Escalate and/or communicate with relevant senior stakeholders to discuss the issues raised during the quality control/validation activities and agree path forward for resolution

• Identify critical gaps in completed remediation activities present feedback to senior leaders across business risk and compliance in advance of the formal submission to the regulators/internal audit

• Responsible for staying current on regulatory rules and changes within the industry

• Maintains familiarization and technical expertise with the assigned business unit(s) including organizational structure personnel activities and products new product development financial performance and risk and problem area

• Demonstrate excellent communication and leadership to influence a wide range of senior stakeholders

Skills/Experience

The successful candidate will benefit from having:

• Several years experience in financial services with several years of direct experience or knowledge of auditing in the financial services industry with strong experience related to risk culture risk management and compliance or similar consultancy experience in the financial services industry

• Deep understanding and working knowledge of financial risk including regulatory and compliance related matters

• Superior analytical and organizational skills

• Ability to multitask and prove flexibility to change plans at short notice

• Ability to communicate effectively in both oral and written forms with all levels of staff and management

• Professional certifications (e.g. CPA CISA CIA ACA ACCA) and/or an MBA or JD along with proven technical abilities in select areas (e.g. regulatory compliance risk management auditing)

• Experience in designing and delivering high quality high value internal testing programs for large businesses or regulated environments

• Ability to execute a formal quality control/validation testing strategy that reflects the organizations risk profile regulatory/legal requirements and current risk trends

• Demonstrate strong initiative and people skills sound decisionmaking analytical and intuitive mindsets political awareness and sensitivity to cultural diversity

• Ability to manage through critical issues and realign priorities and deliverables as needed

• Ability to form evaluative judgment(s) based on analysis of information in complicated unique and dynamic situations

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds 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 .

We hope youre 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.