Northern Trust
Specialist, Wealth Management Middle Office Control
🇺🇸Tempe, Arizona, United States4 days ago
$109K – $185KSeniorFull Time
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.
Wealth Management Middle Office is seeking an embedded control partner to support the Wealth Middle Office function. Role will work alongside management to ensure processes are working effectively. Will assist in validation of new and changing procedures as the team continues to adjust to technical capability enhancements. Will serve as a contact point for the Tempe Office as Wealth Management.
Job Description Summary
The Control Specialist is responsible for providing support and oversight of the operational control environment for the designated practice areas. The Specialist must consistently identify risk, articulate the risk, and propose solutions to address risk to the practice area control manager and the control leadership team. The Specialist consistently displays a balanced, cross-functional perspective, collaborating with the business, Control, and relevant Northern Trust counterparts (e.g., Risk, Legal, Compliance, Audit, etc.) to improve efficiency, effectiveness, and productivity.
Major Duties:
Advise and assist leadership on implementing control framework and ensure adherence to maintaining the control processes in accordance with the highest standards and best practices.
Conduct process Risk Assessments for the practice area. Ensure proper preventative and detective controls are in place for the practice functions assessed and prepare recommendations to strengthen control weaknesses.
Support the risk-based control test plan to identify excessive risk and/or control issues at an early stage. Report process test findings to management.
Support manager with planning and execution of the thematic reviews required to provide assurance to business leadership of control effectiveness surrounding internal processes, procedures, and client specific servicing deliverables.
Host monthly Office Risk Review with management. Coordinate materials, guide discussion, track actions to closure.
Ensure that current policies and procedures are in place for practice area. Confirm that procedures are in compliance with organizational standards and regulatory requirements. Assists in the communication and implementation of corporate policies within the business unit.
Communicate findings and enhancement recommendations with management.
Support Issue Management and 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 metrics oversight to ensure team performance alignment to objectives and identification of variances that could represent risk areas.
Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business.
Serve as single point of contact in Tempe office for Wealth Management Middle Office.
Necessary Knowledge and Skills:
Professional with extensive business experience, multi-disciplinary functional experience with a focus on proactive activities within operational control group.
Knowledge of the firm and industry.
Ability to explain difficult or sensitive information; works to build consensus.
Strong communication skills, verbal and written.
Attention to detail.
Necessary Experience and Education:
Salary Range:
$108,965 - 185,155 USDSalary 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 communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
