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Specialist, Regulatory Validation - R128830

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.

Role/ Department: Specialist, Regulatory Validation and Relations/Internal Audit Services

Audit Services is offering an exceptional opportunity for an experienced audit professional who is keen to apply their knowledge and experience in the Regulatory Validation and Relations team. This position will report directly to the Director in London and work closely with partners from across Audit Services located in Chicago and other global locations.

The Specialist, Regulatory Validation and Relations is responsible for defining and ensuring the successful execution and delivery of validation approaches through engagement with all levels of management from across Audit Services, businesses and control functions. This high-profile role engages with senior members of Northern Trust and will support the Director as a primary point of contact for Audit Services regulatory issue remediation assurance activities. The Specialist will play a key role in communicating, training and supporting stakeholders and audit partners to understand and apply the validation methodology, as well as looking to continually improve our processes. This seasoned professional provides functional expertise, and execution rigor to the management and coordination of regulatory issue validation. A strong and confident communicator, the Specialist promotes a collaborative approach to enhance the risk and control environment for the organization.

The key responsibilities of the role include:

Manage complex and multiple project objectives concurrently including resourcing, workpaper review and ensuring timely completion
Manage project resources to accomplish complex scopes of work and objectives in tight timeframes
Identify any emerging risks and react quickly
Interact with a wide range of stakeholders, including senior management and regulators
Represent Audit Services in various committees, task forces, etc.
Lead, guide, and coach staff, and foster an environment which encourages partner participation, teamwork, and communication
Working with subject matter experts, other audit teams and co-sources to define and delivery validation approaches
Draft clear, concise audit reports and/or memos ensuring timely communication of risks and audit conclusions to senior and executive management.
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 regulatory rules and changes within the industry

Skills/Qualifications:

Bachelor's degree
10+ years of experience within the banking/financial services sector or similar public accounting experience in the financial services industry, of which at least 5 years internal audit experience
Experience with regulatory engagement
Excellent oral and written communication skills (e.g., ability to communicate both with junior staff and senior leaders, executive writing)
Strong critical thinking,...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

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Job Posting: 12072017

Posted On: Jul 24, 2024

Updated On: Jul 24, 2024

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