Total Portfolio Solutions, BU Control Manager

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.

Total Portfolio Solutions, BU Control Manager

Job focus is on managing others and applying operational or strategic management skills. Management responsibilities and decisions likely include hiring, performance reviews, pay decisions and development. Achieves goals mostly through work of others. Provides leadership to managers and professional staff. Is accountable for the performance and results of multiple related teams. Develops departmental plans, including business, production and/or organizational priorities. Decisions are guided by resource availability and organizational objectives

The role of a Control Manager is to manage the day-to-day operation of control for the practice areas. Responsible for directing team members with specific tasks to successfully implement the systematic control framework as outlined by the Chief Controls Officer. This includes ensuring control ‘best practices’ are adhered to, corporate policies are supported, and regulatory requirements are met by the practice area, business line, product, and/or region you support.

 

Major Duties:

• Manage the day-to-day focus of the control team using a variety of risk identification, assessment and control tools to spot control weaknesses/gaps and make continual process and control improvements in a documented, disciplined fashion.
• Lead the execution of a Global Risk & Control Self-Assessment (RCSAs) for the practice area(s) you support. Highlight the risks with the highest likelihood of exposure for NT, (financial, reputational, and/or regulatory) and ensure transparency to Sr. mgmt. for awareness.
• Direct control testing for the identified risks with the highest likelihood of realization and the greatest loss potential to the organization. Drive testing toward automated means where possible.
• Ensure risk acceptance is clearly documented and communicated to control leadership. Provide appropriate documentation and establish metrics for monitoring adherence to the recommended controls surrounding the agreed risks.
• Support key Control programs such as the Audit Remediation, ASL, ATP Standards etc. Including the definition of the methodology, the execution of the programs, and to ensure the implementation and tracking of agreed actions.
• Provide oversight, reporting, and monitoring for the controls outlined for each practice/product service execution.
• Ensure weekly control reporting is completed, (include risk management metrics, results of control testing, progress on outstanding issues, etc.).
• Efficiently oversee and/or establish diverse, global resources and team members with a focus on diversifying the collective skill set, team building, performance management, and talent development.
• Support representation at regional or local Committees for the Practice.

Knowledge:

• Applies knowledge of key business drivers and the factors that maximize department performance
• Persuades managers and leaders to take action and/or negotiates with external partners/vendors/clients

Experience:

• 7 + years of experience in Operational Risk Management or Control.
• Experience managing teams across multiple jurisdictions.

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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.

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