Northern Trust Corp
Third Party Management Audit & Regulatory Specialist
Northern Trust Corp, Chicago, Illinois, United States, 60290
Third Party Management Audit & Regulatory 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.Third Party Management Audit & Regulatory SpecialistThe position is for the Third-Party Management Team. This role will support the audit areas of Northern Trust which support the servicing of third-party risk assessment controls. There are particular projects in flight, and also being planned, that require understanding the control process, identifying risks, interviewing business partners, sampling, testing and summarizing results.Key Responsibilities:Responsible for developing audit programs, working papers, and financial/internal 1LOD testing reports.Assist in preparing risk assessments and annual 1LOD testing audit plans for the Third Party Management Office.Review and evaluate financial business processes and controls related based on regulatory requirements.Help identify performance improvement opportunities for clients and communicate findings to senior management.Execute process transformation, measurable improved operational performance and organizational restructuring plans.Review reports from the Internal Audit and provide detailed feedback to assist with observation closures.Operates independently; has in-depth knowledge of business unit/function.As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.Carries out activities that are large in scope, cross-functional and technically difficult.Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.Qualifications:Bachelor's degree and approximately 3+ years of related work experience with clear understanding of and experience in financial services/internal audit/risk consulting preferred.An undergraduate or graduate degree in Accounting, Finance or Risk and/or another appropriate academic major is highly preferred.A thorough understanding of third-party (i.e., vendor, supplier, etc.) risk management, with prior experience in designing program solutions, risk scoring and aggregation methodologies and designing committee reporting.Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA).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. #MadeForGreaterReasonable accommodationNorthern 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.
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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.Third Party Management Audit & Regulatory SpecialistThe position is for the Third-Party Management Team. This role will support the audit areas of Northern Trust which support the servicing of third-party risk assessment controls. There are particular projects in flight, and also being planned, that require understanding the control process, identifying risks, interviewing business partners, sampling, testing and summarizing results.Key Responsibilities:Responsible for developing audit programs, working papers, and financial/internal 1LOD testing reports.Assist in preparing risk assessments and annual 1LOD testing audit plans for the Third Party Management Office.Review and evaluate financial business processes and controls related based on regulatory requirements.Help identify performance improvement opportunities for clients and communicate findings to senior management.Execute process transformation, measurable improved operational performance and organizational restructuring plans.Review reports from the Internal Audit and provide detailed feedback to assist with observation closures.Operates independently; has in-depth knowledge of business unit/function.As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.Carries out activities that are large in scope, cross-functional and technically difficult.Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities.Qualifications:Bachelor's degree and approximately 3+ years of related work experience with clear understanding of and experience in financial services/internal audit/risk consulting preferred.An undergraduate or graduate degree in Accounting, Finance or Risk and/or another appropriate academic major is highly preferred.A thorough understanding of third-party (i.e., vendor, supplier, etc.) risk management, with prior experience in designing program solutions, risk scoring and aggregation methodologies and designing committee reporting.Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA).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. #MadeForGreaterReasonable accommodationNorthern 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.
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