Market Operations, Control Lead

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.

Working Model: Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home.

Summary

The Market Operations organization enables growth drives efficiency and embeds control and resiliency across the following capabilities servicing the enterprise: Capital Markets Securities Liquidity Payments Collateral Banking and Client Onboarding.

Reporting to the Practice Executive Market Operations this key leadership role will act as point of coordination and collaboration between the COO Enterprise 1LOD 2LOD and 3LOD teams and the Market Operations business unit teams to manage and mitigate risk associated with business unit controls and operational resiliency.

Key Responsibilities:

• Collaborate with the capability owners to drive consistency and standardization globally across Market Operations to ensure compliance with organizational policies standards and controls and effectively execute the following business processes to include (but not limited to):

-1LOD testing (RCSA SOC/SOX other controls)

-RCSA Execution/Risk Identification

-Issues Management

-Risk Events Accounting Servicing Losses (ASLs) and root cause reviews.

-Internal audits and regulatory exams

-Business process/procedures documentation

-Risk reporting (KPI/KRI)

-Related enabling training and communications

• Develop engagement approach and accountability between Market Operations and 1LOD 2LOD and 3LOD functions to enable compliance and manage and mitigate across risk categories.
• Routinely gather data insights and status of programs and prepare and provide meaningful updates to senior leadership Enterprise Risk and COO Risk Committees and regulators.
• Accountable to create and manage capacity plan and execution against timing and key deliverables requested by key risk stakeholder groups.
• Promote a culture of inclusiveness accountability continuous improvement and process excellence. Foster a risk-aware empowered culture.

Qualifications Experience Skills

• Bachelors degree in business administration or related field
• 15 years in the financial services industry with in-depth expertise in Control Resiliency Compliance or Audit functions within a regulated environment
• Global management experience working across Legal Entity structures and locations.
• Background in Cash Securities and/or Capital Markets
• Program/Project management experience preferred.
• Expert at synthesizing multiple data sources and information to develop and articulate a cohesive view of the risk environment and potential impacts to the business/firm.
• Highly capable of analyzing and assessing risk and control matters and driving collaborative decision making.
• Highly flexible and adaptable to change often managing multiple priorities and stakeholders and able to easily adjust to changing needs/deliverables/timing.
• Strong written and verbal communication skills and executive presence needed to influence and persuade others and drive key messages and change across a broad diverse matrixed stakeholder group.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 andapply 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.