Strategic Remediation Validation - Consultant (Audit and Controls Testing)

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 individual contributor position within the recently established Global Strategic Remediation Oversight and Governance team as part of the Global Regulatory Affairs Office. The successful candidate will report to the Remediation Validation Testing Manager. The successful candidate will bring proven expertise in financial services assurance and validation testing activities and will contribute to the execution of the significant remediation quality control/validation testing plan. Significant remediation activities will include those of regulators and internal audit.

The candidate will interact and build relationships with management across Northern Trust. Additionally, the candidate will use their technical ability in the execution of the remediation quality control/validation testing plan.

This individual will play a key role in managing and executing Northern Trust’s remediation quality control/validation testing program, ensuring alignment with regulatory expectations and translating multiple requirements into a balanced validation program. The seasoned professional supplies subject matter expertise, and execution rigor to enable management and coordination of issue validation and related testing activities.

The key responsibilities of the role include:

• Demonstrate control assessment expertise (stemming from internal audit/control testing/issue validation experience) 
• Accurately draft, design and execute a quality control/validation testing plan. 
• Ensure high quality workpaper standards - ensure quality control/validation documentation is clear, concise, supports the testing reviews performed, and explains decisions made including judgement applied
• Identify and analyze risks, plan and prioritize validation tasks for on-time delivery, conduct interviews, observe operations, document and analyze processes and controls
• Exercise responsibility over the execution of assigned regulatory validation projects and/or deliverables to ensure that work is performed prompt and accurately
• Develop and show an understanding of the business risks, controls, and processes, along with an understanding of relevant laws, regulatory rules and knowledge of the impact of systems within areas reviewed
• Establish and develop strong working relationships with key stakeholders
• Escalate and/or communicate with relevant stakeholders to discuss the issues raised during the quality control/validation activities and agree path forward for resolution
• Demonstrate excellent communication to influence a wide range of stakeholders
• Demonstrate strong initiative, project management, people skills, sound decision-making, intuitive thinking, and sensitivity to cultural diversity
• Display presentation and influence skills

 The successful candidate will benefit from having:

• Proven experience in financial services, within a financial institution, or similar consultancy experience in the financial services industry
• Direct internal audit or testing experience
• Test plan writing and execution - Ability to draft, and execute, a formal quality control/validation testing plan that considers the organization’s risk profile, regulatory/legal requirements, and current risk trends 
• Demonstrate strong initiative, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversity
• Experience in executing high quality, high value internal testing programs for large businesses or regulated environments
• Ability to work through critical issues and realign priorities and deliverables as needed
• Ability to form evaluative judgment(s) based on analysis of information in complicated, unique and dynamic situations
• Superior analytical and organizational skills
• Ability to multitask and prove flexibility to change plans at short notice
• Ability to communicate effectively in both oral and written forms, with all levels of staff and management

• Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA with proven technical abilities in select areas (e.g., regulatory compliance