2LOD Control Testing Consultant

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.

Job Description

The Second Line of Defense (2LOD) Controls Testing (Consultant Risk) partner will be an individual contributor who will work closely with peers stakeholders and leadership on the Second Lines Controls Testing and Assurance program.

This role is evolving beyond traditional control testing and will play a key role in supporting a risk-based assurance model including the assessment of Enterprise-Level Controls (ELCs) and overall control environment effectiveness across the organization.

Key Responsibilities

Perform 2LOD review and challenge (assurance) over control testing activities evaluating whether controls and programs are operating effectively based on evidence outcomes and risk indicators
Execute Enterprise-Level Control (ELC) assessments evaluating the effectiveness of governance risk management and oversight programs using a combination of metrics evidence and structured judgment
Analyze key risk and performance metrics (e.g. overdue issues repeat findings escalation behavior) to identify trends emerging risks and potential control weaknesses
Conduct targeted deep dives where metrics or outcomes indicate deterioration or inconsistency in control performance
Support development and application of risk-based non-binary assessment methodologies balancing quantitative metrics with contextual analysis to arrive at defensible conclusions
Perform 2LOD validation work including planning execution maintenance of workpapers identification of findings and reporting results to risk committees
Evaluate control design and operating effectiveness determine exposure to risk and partner with business and control owners to develop remediation strategies
Support the aggregation of control and program-level results into enterprise-level effectiveness ratings contributing to ERM framework monitoring and reporting
Contribute to the design and enhancement of 2LOD methodologies including ELC frameworks metrics and effectiveness rating models
Provide Second-Line insights and reporting to Risk Management leadership ensuring timely and clear communication of findings and risk themes
Demonstrate strong understanding of the Three Lines of Defense model and apply it consistently across assurance activities
Communicate findings and insights clearly to both technical and business stakeholders ensuring alignment and understanding
Apply strong risk assessment and analytical skills to identify key risks control gaps and improvement opportunities
Exhibit strong project management skills managing multiple priorities in a dynamic and evolving environment

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.

About Our Pune Office

The Northern Trust Pune office established in 2016 is now home to over 3000 employees. The office handles various functions including Operations for Asset Servicing and Wealth Management as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to 2024 they volunteered more than 10000 hours into the communities where they live and work. Learn more.