Strategic Remediation Validation Testing 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.This is a newly created manager position 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 Head of Strategic Remediation Validation Testing and will bring proven expertise in financial services assurance and validation testing activities. Among other activities, this manager will lead the efforts to build the team to execute on the quality control validation and assurance activities of a portfolio of significant remediation activities. Significant remediation activities include those related to regulators and internal audit.This leader will interact and build relationships with senior management across Northern Trust and is responsible for building, leading, and developing the Strategic Remediation Oversight & Governance Quality Control Testing Team in Chicago and Tempe. The seasoned leader brings people leadership and development experience, thought leadership and subject matter expertise, and execution rigor to enable successful coordination and completion of issue validation and related testing activities.The key responsibilities of the role include:Lead a Strategic Remediation Quality Control Testing Team, ensuring the successful execution of the quality control testing program in accordance with established proceduresAssist in defining and implementing quality control testing methodologies and build out of the local quality control testing teamOversee and manage quality control testing and validation of significant remediation activities within assigned areas of responsibility, ensuring execution in accordance with established time frames and proceduresAssign work to team partners, set priorities, and monitor activityEnsure that quality control testing scope is appropriate and covers key deliverables as defined by department standards and proceduresProvide effective review and challenge of significant remediation deliverables to ensure quality of design, implementation, and sustainabilityIdentify critical gaps in completed remediation activities, present feedback in management forums, including regional and global senior management/risk committees across business, risk, and compliance, in advance of the formal submission to the regulators/AuditProvide clear and direct feedback to team members on their quality control testing work products to ensure sufficient documentation is prepared to support closure rationale/conclusions for internal auditors and regulatorsResponsible 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 stakeholdersInteract and partner with senior management to provide feedback and challenge on the quality of remediation activitiesResponsible for the issuance of quality control testing reports for responsible areas to ensure clear, concise, and timely communication of risks and issues to senior and executive management. Also, performs peer reviews of other Quality Control Team’s reports when necessaryPublish and present reporting to provide transparency to senior management on the success of quality control testing outcomesCommunicate with regulators, internal and external auditors, and various risk management committees within the Corporation as part of ongoing feedback and monitoring, which assists in managing the quality control testing planParticipate in meetings with business units to discuss quality control resultsCommunicate with partners at all levels, developing and presenting recommendations on operations and controls for the business unitAssess and determine staffing needs to propose to senior management, make employment recommendations, handle salary administration, and ensure resources are available to accomplish priorities. Participate in the recruiting processThe successful candidate will benefit from having:Required Skills / ExperienceA college or university degree12+ years experience in financial services, with direct experience or knowledge of auditing in the financial services industry, with strong experience related to risk culture, risk management, and compliance4+ years of previous management experienceStrong analytical, leadership, and organizational skillsAbility to work under pressureAbility to multitask and demonstrate flexibility to change plans at short noticeAbility to communicate effectively in both oral and written forms, with all levels of staff and managementPreferred Skills / ExperienceExtensive experience in the financial services industry, internal audit, or risk management, with in-depth experience in risk management frameworksProfessional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA or JD along with demonstrated technical abilities in select areas (e.g., regulatory compliance, risk management)Required CompetenciesDemonstrate strong initiative and interpersonal 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 situationsUnderstanding of position and relationship within the overall function to achieve objectivesAbout Northern Trust: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.Reasonable 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.For further information, and to apply, please visit our website via the “Apply” button below.

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