Specialist, Business Unit Control - Wealth Management

Northern Trust Asset Management • Full-time • Chicago, IL, US • $114.70k - $194.90k / year • 1m ago

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 world’s 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 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Posting Title: Specialist, Business Unit Control

Job Description Summary

Uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires specialized depth and/or breadth of expertise in own job discipline or field. Leads others to solve complex problems. Works independently, with guidance in only the most complex situations. May lead functional teams or projects.

The Control Specialist is responsible for providing support and oversight of the operational control environment for the designated practice areas. The Specialist must consistently identify risk, articulate the risk, and propose solutions to address risk to the practice area control manager and the control leadership team. The Specialist consistently displays a balanced, cross-functional perspective, collaborating with the business, Control, and relevant Northern Trust counterparts (e.g., Risk, Legal, Compliance, Audit, etc.) to improve efficiency, effectiveness, and productivity.

Major Duties

With support from management, assist in implementing a robust risk appetite framework tailored to the WM business while adhering to the enterprise requirements.
Identify, develop, monitor and analyze various risk metrics and key performance indicators to identify potential areas of concern. Support the development of dashboards to report risk metrics to WM leadership and to the enterprise consistent with the Enterprise Risk Management Policies.
Support management in implementing and maintain other Enterprise Risk Management efforts including but not limited to:
- Policy and Document Governance
- Committee Governance
- Risk Profile Monitoring and Reporting
- Issue Management Resolution and Reporting
Support WM Partners in the implementation and ongoing practice of all Enterprise Risk Management compliance by explaining various risk concepts, supporting training efforts
Support key Control programs such as Issues Management and Incident Management policies and standards. Including the definition of the methodology, the execution of the programs, and to ensure the implementation and tracking of agreed actions.
Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business.

Knowledge

Professional with extensive business risk and control experience
Knowledge of the firm and industry
Ability to explain difficult or sensitive information; works to build consensus
Experience with creating management dashboards and score cards
Strong communication skills, verbal and written
Attention to detail

Experience

College or University degree is preferred
7+ years of Risk & Control experience required
Financial services experience

Salary Range

$114,700 - 194,900 USD

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.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s 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 MyHRHelp@ntrs.com.

We hope you’re 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.