Specialist, Control Monitoring 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 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.

No matter what greater means to you, we can help you find it. We believe in empowering our partners with the resources, support and opportunities to achieve greater and reach their full potential. A strong focus on individual career development and growth is just one way we help you reach your goals.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to strengthening the communities in which we live and work.

We are seeking a Specialist, Control Monitoring Lead to join our newly established Centralized 1

LoD Control Testing & Monitoring function. This 1

LOD team aims to standardize and enhance our control testing & monitoring practices across all Business Units and Corporate Functions. As a key member of this team, you will play a pivotal role in supporting risk management activities across the organization. This includes the opportunity to be immersed across multiple operational and compliance areas, with opportunities to specialize in specific areas of interest.

Reporting to the Head of Control Testing & Monitoring, this role will operate under general supervision; however, will primarily work independently to a help build and oversee the internal control monitoring program. Regular activities include: monitoring program governance, developing the monitoring plan, reporting, and an in-depth analysis of monitoring results to identify key trends and solutions.

The key responsibilities of the role include:

• Lead the development and maintenance of the Internal Control Monitoring Standard, risk-based methodology, and procedures.
• Developing the internal control monitoring plan, monitoring the status of the plan and providing updates to key stakeholders
• Oversee the development and maintenance if the Internal Control Monitoring GRC tool.
• Developing and delivering insightful reporting to key stakeholder driving action to strengthen the internal control environment.
• Responsible for assisting in the identification and escalation of follow-ups and potential deficiencies.
• Work closely with the business partners to obtain issue remediation action plans, track and report status of remediation actions, including maintaining dialogue with the business to ensure timely remediation of issues.
• Assist with control projects, operational and/or corporate risk initiatives, where directed.

The successful candidate will benefit from having:

• Bachelors degree required
• 12 years of risk and control experience; 5 years direct control monitoring experience
• Experience in financial services industry; GSIB experience highly preferred
• Experience in working in fast paced and highly regulated environments
• Deep understanding of control frameworks and testing & monitoring methodologies
• Self-motivated with strong collaboration and communication skills, both verbal and written, with varying organizational levels including senior management
• Excellent analytics skills and attention to detail
• Strong interpersonal and leadership skills, including experience mentoring
• Ability to juggle multiple tasks while effectively able to work towards deadlines
• Risk and Control certifications a plus (CIA, CISA, CRMA, CFE, etc.)

Salary Range:
$137,400 – 240,400 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.…