Asset Servicing Americas – Risk and Control Execution Lead

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

The Regional Control Lead plays an important role in preserving and enhancing the foundational strength of the control environment, in support of the business unit strategy.  The operating model has global alignment which is centrally managed, along with embedded control teams to ensure universal coordination and consistency in delivery.

As a Regional Control Lead, you hold a leadership role and you will have direct responsibility for aligning the operating model, driving clarity and collaboration, and utilizing technology to increase efficiency, as a key driver in executing upon the global strategy.

Along with other senior executives, you will hold accountability for the operating effectiveness of the controls in each practice area, business line, and/or region.  In addition, you will work closely with other first, second- and third-line executives, as well as the process owners, to proactively design, manage and execute a systematic control framework to reduce the opportunity for losses, errors, threats and risks.

Job Description

• Lead the control program supporting the Asset Servicing Americas Region. In doing so, you will provide executive management and key stakeholders with reasonable assurances that the business activities undertaken are appropriately controlled

• Design the target operating model for the control program which includes establishing metrics and storyboards which provide insights into aggregate and horizontal trends, themes and risks

• Direct the day-to-day focus of the embedded control teams using a variety of risk identification, assessment and control tools to spot control weaknesses/gaps and make continual process and control improvements in a documented, disciplined fashion

• Manage the remediation review program to ensure gaps identified by other functions and stakeholders are appropriately addressed; Identify and remediate control gaps identified by the control teams

• Oversee the incident response process, including applying the lessons-learned horizontally, across the extended business unit

• Guided by organization functional strategy, has broad impact on the functional, divisional or regional results

Knowledge:

• Highly motivated, energetic self-starter who takes ownership of issues and drives them to resolution.

• Good organizational skills - manages & prioritizes multiple tasks across different time horizons within deadlines

• Strong decision-making skills to the extent control changes impact clients, and business process and ongoing operations.

• A good understanding of controls and how to apply them to different processes and businesses

• Strong analytical, problem solving & process re-engineering skills.

• Excellent project management skills; oral and written communication

• Skills in translating broad strategic intent into tactical plans and directions are essential.

• Negotiates with senior leaders across the business

Salary Range:

$171,700 - 300,500 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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.