Market Operations, Control Lead

Northern Trust Financial Services

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.

Working Model : Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Summary

This position is primarily responsible for developing and championing a strategy that will enable business unit decision making based on data analysis and interpretation. Using this data-driven approach will enable business units to identify trends over time which can inform effective practices, help provide transparency on opportunities and illuminate possible innovations & solutions. This position will also drive efficiency and productivity by ensuring high value productivity initiatives are funded and executed successfully. Manages a small team that works closely with the business along with the functional partners across the firm to achieve these goals. Leads the development and communication of the business unit strategy. Actively participate and engage with the immediate leadership team and wider business in support of strategic decision making and the delivery of strategic projects. Job focus is on managing others and applying operational or strategic management skills. Management responsibilities and decisions likely include hiring, performance reviews, pay decisions and development. Achieves goals mostly through work of others. Provides leadership and direction through managers. Is accountable for the performance and results of a division or region.

Reporting to the Practice Executive, Market Operations, this key leadership role will act as point of coordination and collaboration between the COO Enterprise 1LOD, 2LOD, and 3LOD teams and the Market Operations business unit teams to manage and mitigate risk associated with business unit controls and operational resiliency.

Key Responsibilities

• Collaborate with the capability owners to drive consistency and standardization globally across Market Operations to ensure compliance with organizational policies, standards and controls and effectively execute the following business processes to include (but not limited to) :
• 1LOD testing (RCSA, SOC / SOX, other controls)
• RCSA Execution / Risk Identification
• Issues Management
• Risk Events, Accounting Servicing Losses (ASLs), and root cause reviews.
• Internal audits and regulatory exams
• Business process / procedures documentation
• Risk reporting (KPI / KRI)
• Related enabling training and communications
• Develop engagement approach and accountability between Market Operations and 1LOD, 2LOD, and 3LOD functions to enable compliance and manage and mitigate across risk categories.
• Routinely gather data, insights, and status of programs and prepare and provide meaningful updates to senior leadership, Enterprise Risk and COO Risk Committees, and regulators.
• Accountable to create and manage capacity plan and execution against timing and key deliverables requested by key risk stakeholder groups.
• Promote a culture of inclusiveness, accountability, continuous improvement, and process excellence. Foster a risk-aware empowered culture.
• #LI-GG1
• #LI-Hybrid

Qualifications | Experience | Skills

Salary Range :

$114,700 - 194,900 USD

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.

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.