Northern Trust
Chief Control Officer
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.
The Chief Control Office will be responsible for:
Executive Leadership and Strategy:
Provide strategic leadership and direction for the organization's control functions. Engage with the Board of Directors, Risk and Operating Committees, and Executive Leadership within the organization on risk and control matters. Participate in key committees to provide insights and guidance on risk and control matters. Control Management:
Develop and implement internal control design guidelines, policies, and procedures to ensure compliance with regulatory requirements and industry standards. Evaluate the design and effectiveness of internal controls, including segregation of duties, access controls, and authorization processes. Oversee internal audits, reviews, and testing procedures to assess the reliability and accuracy of financial and operational information. Monitor and track remediation efforts and action plans to address audit and supervisory findings and control weaknesses. Mature the control testing capability to ensure robust testing, quality control and validation practices support the risk management lifecycle. Governance and Oversight:
Provide governance and oversight to ensure adherence to control policies and procedures from the first line of defense. Collaborate with other leaders to ensure a consistent approach to risk and control management across the organization. Operational Effectiveness and Innovation:
Develop 1LOD Controls target operating model and identify opportunities to leverage solutions across multiple risk-disciplines and/or divisions. Ensure that the control framework implemented is cost-effective, supports regulatory requirements, is fit for purpose, and sized according to the risk for which it mitigates. Leverage technological advancements to drive the growth of control mechanisms, including the use of increased data analytics, technology solutions, and third-party associations. Analyze data and trends to identify emerging risks and areas for improvement in internal control processes. Culture and Awareness:
Promote a culture of risk awareness and proactive risk management across the enterprise. Foster an environment where all employees understand their role in managing risk and are comfortable raising issues and concerns. Provide training and guidance to employees on internal control principles, policies, and procedures. Contribute to the development and implementation of risk management strategies and initiatives to enhance organizational resilience and sustainability. 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.
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Provide strategic leadership and direction for the organization's control functions. Engage with the Board of Directors, Risk and Operating Committees, and Executive Leadership within the organization on risk and control matters. Participate in key committees to provide insights and guidance on risk and control matters. Control Management:
Develop and implement internal control design guidelines, policies, and procedures to ensure compliance with regulatory requirements and industry standards. Evaluate the design and effectiveness of internal controls, including segregation of duties, access controls, and authorization processes. Oversee internal audits, reviews, and testing procedures to assess the reliability and accuracy of financial and operational information. Monitor and track remediation efforts and action plans to address audit and supervisory findings and control weaknesses. Mature the control testing capability to ensure robust testing, quality control and validation practices support the risk management lifecycle. Governance and Oversight:
Provide governance and oversight to ensure adherence to control policies and procedures from the first line of defense. Collaborate with other leaders to ensure a consistent approach to risk and control management across the organization. Operational Effectiveness and Innovation:
Develop 1LOD Controls target operating model and identify opportunities to leverage solutions across multiple risk-disciplines and/or divisions. Ensure that the control framework implemented is cost-effective, supports regulatory requirements, is fit for purpose, and sized according to the risk for which it mitigates. Leverage technological advancements to drive the growth of control mechanisms, including the use of increased data analytics, technology solutions, and third-party associations. Analyze data and trends to identify emerging risks and areas for improvement in internal control processes. Culture and Awareness:
Promote a culture of risk awareness and proactive risk management across the enterprise. Foster an environment where all employees understand their role in managing risk and are comfortable raising issues and concerns. Provide training and guidance to employees on internal control principles, policies, and procedures. Contribute to the development and implementation of risk management strategies and initiatives to enhance organizational resilience and sustainability. 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.
#J-18808-Ljbffr