Senior Consultant, Asset Servicing Control

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 Summary

The Asset Servicing Control & Resiliency team plays an important role in setting the control & resiliency strategy to protect the foundational strength of the operational risk and resiliency environment in support of the business unit strategy. The operating model has global alignment and is centrally managed.

As a Senior Consultant you are responsible for working within the Control team to actively execute control best practices and advise on risk mitigations and control enhancements. You will support the Control Manager in the execution of the Global Control strategy in the region and for your practice area. Regular activities to be undertaken by the senior consultant include in-depth analysis of incidents to identify key trends and solutions to prevent future reoccurrence risk-based control reviews effective test execution participation in the team business continuity plan. You will also support the Resiliency strategy locally and work with the Global Asset Servicing Resiliency Office.

What you will do

• Participate with control project deliverables as assigned to implement enhanced controls and operational effectiveness enhancements.
• Advise and assist Business Units on implementing the control framework and ensure adherence to maintaining the control processes in accordance with the highest standards and best practices.
• Assist key Control programs such as the RCSA Audit Remediation ASL ATP Standards etc. Including alignment of the methodology the execution of the programs and to ensure the implementation and tracking of agreed actions.
• Conduct periodic review of specific policies and ensure procedures are in place and follow organizational standards and regulatory requirements.
• Evaluate incidents and operational losses and performs thorough analysis to identify trends and root cause. Prepares recommendations for process and control enhancements in alignment with the control manager.
• Contribute to the periodic risk reviews of operational processes procedures and client specific servicing deliverables. Ensure risk review results are documented and reviewed with the control manager and the global control executive overseeing the practice. Recommend control enhancements for high-risk processes.
• 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.
• 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 the Global incident management process in partnership with the Global Asset Servicing Resiliency Office and where necessary provide local support. This includes monitoring and reporting on business impacts from incidents and applying lessons-learned in the region
• Assist with operational and/or corporate risk initiatives where directed.
• Escalate risk and control related matters to the practice control manager.
• Foster and promote Northern Trusts commitment to a strong risk management culture by developing a control mindset within the business.

About You

You will be professional with extensive business experience multi-disciplinary functional experience with a focus on proactive activities within the Global Control group. You will have knowledge of the firm and industry including:

• Demonstrated experience of 5 or more years in operational risk and/or compliance in the financial services sector.
• Experience in asset servicing and/or banking with a solid understanding of custody and fund services products markets and client base
• Ability to systematically assess & challenge existing processes in a structured way; this is demonstrated by knowledge of risk management techniques & awareness of control activities.
• Works to build consensus with the ability to influence at various levels
• Stakeholder management with proven ability to work with virtual teams to successful outcomes
• Strong communications skills with the ability to explain difficult or sensitive information
• Attention to detail and ability to drive to execution

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.