Strategic Remediation Oversight- Non-Financial Risk Specialist

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 specialist role engages with senior members of Northern Trust to provide support to ensure successful remediation of regulator and significant audit findings.  The seasoned professional provides practical guidance, functional expertise, and execution rigor to significant remediation activities.  A strong and decisive communicator, this individual promotes a collaborative approach to provide support in enhancing the risk and control environment for the organization. 

The key responsibilities of the role include:

• 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 and escalate critical gaps in NTC’s responses and remediation initiatives and present feedback / challenge in management forums, in advance of the formal closure submission
• 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
• Work closely with the Head of Remediation Validation testing to ensure the testing plans are robust and aligned with the remediation activities undertaken and provide support on execution of key validation testing requirements
• Remain current on 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:

Required Skills / Experience

• A college or university degree
• 15+ yrs. experience in financial services, with 10+ years’ experience in a financial institution, or similar consulting experience in the financial services industry specifically in a non-financial risk area
• Strong analytical, leadership, and organizational skills
• Ability to work under pressure
• Ability to multitask and demonstrate flexibility to change plans at short notice
• Ability to communicate effectively in both oral and written forms, with all levels of staff and management 

Required Competencies

• Demonstrate strong initiative and interpersonal skills, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversity
• Ability to manage 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
• Understanding of position and relationship within the overall function to achieve objectives

#LI-LK2, #LI-Hybrid

Salary Range:

$114,700 - 194,900 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us: 

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the c