Practice Lead, Business Unit Control - Banking & Markets

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 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:

The First line of Defense (1LOD) Business Unit Control Practice Lead will support the execution of 1LOD efforts regarding NTs risk and control posture specifically for the organizations Banking and Markets back office and Collateral teams. This role is part of a global risk and control team where the focus is on managing risk identifying controls and monitoring activities within the first line for execution of risk and control-related programs. This will be accomplished by oversight on the development and enhancement execution and design of various processes to support risk management.

The key responsibilities of the role include:

• Assists the business in advising and overseeing execution of their risk and control processes including but not limited to risk control self-assessments audit remediation loss reporting and system and processes changes.

• Provides insights and challenge to the execution of risk and control self-assessments for Banking and Markets and Global Collateral areas among others to ensure that the risks and controls are completely and accurately identified documented and assessed.

• Work with the Internal Audit team to ensure that identified action plans and remediating actions are appropriate to mitigate the identified risk and achieve the objectives of audits observations.

• Review remediation work performed to ensure implementation was complete accurate and timely to address the identified issues including regular tracking reporting and oversight of remediation.

• Manages and oversee account servicing losses for supported teams including ensuring appropriate root cause actions have been identified documented and resolved as needed.

• Assist the business to assess system and process changes for feasibility of execution identification of risks and appropriate controls.

• Maintain relationships with key personnel throughout the organization and across the lines of defense to ensure program execution is achieving desired results.

• Work with 1LOD stakeholders to understand their roles and responsibilities related to risk resiliency and control and ensure that accountability for process and control operation is understood.

• Escalates gaps identified from risk and control assessments and other advising work in a timely and effective manner.

• Provides training and support to business unit leaders and other stakeholders on risk and control programs responsibilities and desired outcomes.

• Determines quality objectives standards and levels with input from stakeholders to establish the basis for quality outcomes.

Skills/ Qualifications:

The successful candidate will benefit from having:

• Experience in working across lines of defense to execute risk and control programs in order to completely identify assess manage and treat risk.

• Experience in identifying documenting testing and reviewing controls to ensure they are designed and operating appropriately to mitigate identified risks.

• Experience developing reporting and effectively and efficiently communicating program status and outcomes at different levels of the organization (i.e. from individual contributor to Management)

• Experience leading multiple priorities and managers in program execution escalation and oversight.

• Demonstrated understanding of business and technology operations resources priorities and policies.

• Ability to adapt to changing priorities in an evolving environment.

• Ability to lead teams and develop / maintain relationships with stakeholders from various lines of business and functional areas.

• In-depth knowledge of Financial Services business capabilities applications processes and infrastructure required to deliver end-to-end capability.

• Substantial experience in designing executing and leading risk control self-assessments and other control programs.

• Deep knowledge of risk and control self-assessment programs control testing root cause reviews and other area requiring critical thinking.

• Experience developing and presenting reporting to various stakeholder groups.

• Substantial experience building and cultivating relationships across the three lines of defense in order to maintain quality execution of risk and control-related programs.

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.