at Northern Trust Company in Chicago, Illinois, United States
Job Description
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.
This high-profile role engages with senior members of Northern Trust to enhance the internal control environment and ensure successful remediation of non-financial risk (e.g. operational risk, financial crime, compliance) regulator and significant audit findings.
The seasoned professional provides practical guidance, functional expertise, strategic direction, and execution rigor to significant non-financial risk remediation activities, and will help build strong, cross-functional relationships throughout the organization.
A strong and decisive communicator, this individual promotes a collaborative approach to enhance the risk and control environment for the organization. The role will report directly to the Head of Strategic Remediation Oversight and Governance.
The key responsibilities include:
Leadership and Management
- Provide effective review and challenge of critical Regulatory/Audit remediation initiatives across NTC including responses, remediation plans, remediation program, and regional and global key deliverables
- Identify critical gaps in NTC's responses and remediation initiatives and present feedback / challenge in management forums, including regional and global senior management/risk committees across business, risk, and compliance, in advance of the formal submission to the regulators/Audit
- Provide clear and transparent updates on remediation progress to relevant risk forums
- Act as an advisor and provide guidance to business and corporate functions in responding to regulatory or audit inquiries, responses, and remediation plans and implementing remediation programs
- Ensure that remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design, operational effectiveness and sustainability (where applicable)
- Responsible for active stakeholder engagement by ensuring close collaboration with key stakeholders across the NTC and working closely with subject matter experts on relevant remediation programs
Operational
- Oversee and manage all significant remediation activities within assigned areas of responsibility as well as input to the running of the overall function as part of the Significant Remediation Oversight and Governance management team.
- Work closely with the Head of Remediation Validation testing to ensure the testing plans are robust and aligned with the remediation activities undertaken
- Interact and partner with senior and executive management to understand remediation plans, timelines etc., and challenge as necessary.
- Maintain familiarity of and technical expertise with business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas
- Stay current on non-financial risk regulatory rules and changes within the industry
- Leverage a strong peer network and tap the industry to identify leading practices
The successful candidate will benefit from having:...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
