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.
The Head of 1LOD Control Testing is a senior executive who will be responsible for the development and implementation of Northern Trust's 1LOD centralized control testing function. This role will be responsible for hiring and developing existing partners with the skills to test the design and operational effectiveness of controls in a wide range of risk areas across Northern Trust.
The Head of 1LOD Control Testing is responsible for the design, development, and execution of the independent control testing framework. This includes the development and ongoing enhancement of the controls testing and monitoring policy, standards, and procedures to define the program as well as the execution of testing to ensure controls are designed and are operating effectively. The role will partner and collaborate with other 2LOD areas and the first line of defense (1LOD) to ensure all testing, reviews, corrective action plans, documentation, and reports are in compliance with operational, regulatory, and company guidelines, policies, and procedures.
The key responsibilities of the role include:
- Independently develop and maintain a risk-based control testing program to review and challenge the design adequacy and effectiveness of key controls across the enterprise.
- Develop and implement sound sampling methodologies and requirements to be deployed by testers across the enterprise.
- Establish an automated control validation strategy to efficiently expand coverage of control monitoring.
- Establish the strategic plan for the design and development of the 1LOD centralized control testing group and the timely execution of testing and assurance to further strengthen Northern Trust's control environment.
- Prepare and deliver clear, concise, and actionable reporting to senior leadership and governance committees.
- Work closely with senior leadership across the enterprise, in all three lines of defense, to support the continued maturation of the control environment.
- Oversee a team of control testers and managers responsible for executing the risk-based control testing program.
- Proactively identify and implement testing automation and analytics where appropriate.
The successful candidate will benefit from having:
- Bachelor's degree
- Significant experience in relevant control testing, regulatory, examination or Internal Audit experience
- Strong understanding of control frameworks, testing methodologies, and risk assessments
- Highly effective interpersonal and communication skills and proven ability to positively influence all levels of personnel, including senior leadership.
- Experience leading and developing team members
- Experience in financial services industry, including regulatory experience
- Proven success building and implementing control testing programs to evaluate the design and adequacy and effectiveness of key controls
- Exceptional data visualization skills
- Self-motivated with strong collaboration and influencing skills
- Ability...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
