Northern Trust
Remediation Validation Specialist
Northern Trust, Chicago, Illinois, United States, 60290
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
This is a newly created individual contributor within the recently established Global Strategic Remediation Oversight and Governance (SROG) team as part of the Global Regulatory Affairs Office. The successful candidate will report to the Remediation Validation Testing Manager and will bring proven expertise in financial services assurance and validation testing activities. Among other activities, this individual will assist in designing and establishing the methodology and processes supporting validation of significant remediation quality control validation activities. Significant remediation activities include those of regulators and internal audit.
The candidate will interact and build relationships with senior 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 deep 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 excellent communication and leadership to influence a wide range of stakeholdersDemonstrate strong initiative, project management, people skills, sound decision-making, intuitive thinking, and sensitivity to cultural diversityEstablish and develop strong working relationships with key stakeholdersDisplay strong presentation and influence skillsContribute to the design and build of the strategic remediation quality control validation methodology and processes, including creation of process documentation, roll out to stakeholders and team.Accurately design and execute the quality control/validation approach for complex regulatory and significant internal audit issues, and ensure that quality control/validation documentation is clear, concise, supports the reviews performed, and explains decisions madeIdentify and analyze risks, plan and prioritize validation tasks for on-time delivery, conduct interviews, observe operations, document and analyze processes and controlsProvide effective review and challenge of significant remediation deliverables to ensure quality of design, implementation and sustainabilityExercise responsibility over the execution of assigned regulatory validation projects and/or deliverables to ensure that work is performed prompt and accuratelyDevelop 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 reviewedEscalate and/or communicate with relevant senior stakeholders to discuss the issues raised during the quality control/validation activities and agree path forward for resolutionIdentify critical gaps in completed remediation activities, present feedback to senior leaders across business, risk, and compliance, in advance of the formal submission to the regulators/internal auditResponsible for staying current on regulatory rules and changes within the industryMaintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areaDemonstrate excellent communication and leadership to influence a wide range of senior stakeholdersSkills/Experience
The successful candidate will benefit from having:
A college or university degreeExtensive experience in financial services, with several years of direct experience or knowledge of auditing in the financial services industry, with strong experience related to risk culture, risk management, and compliance, or similar consultancy experience in the financial services industrySuperior analytical and organizational skillsAbility to multitask and prove flexibility to change plans at short noticeAbility to communicate effectively in both oral and written forms, with all levels of staff and managementProfessional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA or JD along with proven technical abilities in select areas (e.g., regulatory compliance, risk management, auditing)Experience in designing and delivering high quality, high value internal testing programs for large businesses or regulated environmentsAbility to execute a formal quality control/validation testing strategy that reflects the organization's risk profile, regulatory/legal requirements, and current risk trendsDemonstrate strong initiative and people skills, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversityAbility to manage through critical issues and realign priorities and deliverables as neededAbility to form evaluative judgment(s) based on analysis of information in complicated, unique and dynamic situations
#LI-LK2, #LI-Hybrid
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.
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
This is a newly created individual contributor within the recently established Global Strategic Remediation Oversight and Governance (SROG) team as part of the Global Regulatory Affairs Office. The successful candidate will report to the Remediation Validation Testing Manager and will bring proven expertise in financial services assurance and validation testing activities. Among other activities, this individual will assist in designing and establishing the methodology and processes supporting validation of significant remediation quality control validation activities. Significant remediation activities include those of regulators and internal audit.
The candidate will interact and build relationships with senior 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 deep 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 excellent communication and leadership to influence a wide range of stakeholdersDemonstrate strong initiative, project management, people skills, sound decision-making, intuitive thinking, and sensitivity to cultural diversityEstablish and develop strong working relationships with key stakeholdersDisplay strong presentation and influence skillsContribute to the design and build of the strategic remediation quality control validation methodology and processes, including creation of process documentation, roll out to stakeholders and team.Accurately design and execute the quality control/validation approach for complex regulatory and significant internal audit issues, and ensure that quality control/validation documentation is clear, concise, supports the reviews performed, and explains decisions madeIdentify and analyze risks, plan and prioritize validation tasks for on-time delivery, conduct interviews, observe operations, document and analyze processes and controlsProvide effective review and challenge of significant remediation deliverables to ensure quality of design, implementation and sustainabilityExercise responsibility over the execution of assigned regulatory validation projects and/or deliverables to ensure that work is performed prompt and accuratelyDevelop 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 reviewedEscalate and/or communicate with relevant senior stakeholders to discuss the issues raised during the quality control/validation activities and agree path forward for resolutionIdentify critical gaps in completed remediation activities, present feedback to senior leaders across business, risk, and compliance, in advance of the formal submission to the regulators/internal auditResponsible for staying current on regulatory rules and changes within the industryMaintains familiarization and technical expertise with the assigned business unit(s) including organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areaDemonstrate excellent communication and leadership to influence a wide range of senior stakeholdersSkills/Experience
The successful candidate will benefit from having:
A college or university degreeExtensive experience in financial services, with several years of direct experience or knowledge of auditing in the financial services industry, with strong experience related to risk culture, risk management, and compliance, or similar consultancy experience in the financial services industrySuperior analytical and organizational skillsAbility to multitask and prove flexibility to change plans at short noticeAbility to communicate effectively in both oral and written forms, with all levels of staff and managementProfessional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA or JD along with proven technical abilities in select areas (e.g., regulatory compliance, risk management, auditing)Experience in designing and delivering high quality, high value internal testing programs for large businesses or regulated environmentsAbility to execute a formal quality control/validation testing strategy that reflects the organization's risk profile, regulatory/legal requirements, and current risk trendsDemonstrate strong initiative and people skills, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversityAbility to manage through critical issues and realign priorities and deliverables as neededAbility to form evaluative judgment(s) based on analysis of information in complicated, unique and dynamic situations
#LI-LK2, #LI-Hybrid
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.