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 is a newly created manager position within the recently established Global Strategic Remediation Oversight and Governance (SROG) team as part of the Global Regulatory Affairs Office. The successful candidate will report to the Head of Strategic Remediation Validation Testing and will bring proven expertise in financial services assurance and validation testing activities. Among other activities, this manager will lead the efforts to build the team to execute on the quality control validation and assurance activities of a portfolio of significant remediation activities. Significant remediation activities include those related to regulators and internal audit.
This leader will interact and build relationships with senior management across Northern Trust, and is responsible for building, leading and developing the Strategic Remediation Oversight & Governance Quality Control Testing Team in Chicago and Tempe. The seasoned leader brings people leadership and development experience, thought leadership and subject matter expertise, and execution rigor to enable successful coordination and completion of issue validation and related testing activities.
The key responsibilities of the role include:
- Lead a Strategic Remediation Quality Control Testing Team, ensuring the successful execution of the quality control testing program in accordance with established procedures
- Assist in defining and implementing quality control testing methodologies and build out of the local quality control testing team
- Oversee and manage quality control testing and validation of significant remediation activities within assigned areas of responsibility, ensuring execution in accordance with established time frames and procedures
- Assigns work to team partners, sets priorities and monitors activity
- Ensures that quality control testing scope is appropriate and covers key deliverables as defined by department standards and procedures
- Provide effective review and challenge of significant remediation deliverables to ensure quality of design, implementation and sustainability
- Identify critical gaps in completed remediation activities, present feedback 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 direct feedback to team members on their quality control testing work products to ensure sufficient documentation is prepared to support closure rationale/conclusions for internal auditors and regulators
- Responsible for staying current on regulatory rules and changes within the industry
- Maintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem area
- Demonstrate excellent communication and leadership to influence a wide range of senior stakeholders
- Interact and partner with senior management to provide feedback...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
