Issue Management Specialist, Asset Management Global Control (Finance)
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.
Overview
Based in the first line of defense (1LoD), the Issue Management Specialist, Asset Management Global Control, is responsible for oversight, reporting and execution of the issue management framework, and assisting control owners within the Asset Management business unit with developing and maintaining a sustainable control framework.
Supporting control owners will primarily be achieved by performing reviews on existing controls, providing timely guidance for enhancing controls identified as requiring remediation (e.g., Risk Control Self-Assessment, Internal Audit, Regulatory, or Internal Testing), and validating that the enhanced controls are operating effectively.
Primary Responsibilities
- Perform periodic reviews of existing processes to identify opportunities for control enhancement.
- Maintain a robust understanding on the interconnectivity of internal documents governing our Risk Management Lifecycle ( e.g., identify, assess, measure, treat and control, and monitor and report risks ) as well as the tools and systems that support them.
- Serve as a subject matter expert to Control Owners and Issue Owners on the Risk Management Lifecycle.
- Support Issue Owners and/or Issue Identifiers in accurate documentation of root cause analysis, impact analysis, severity ratings and corresponding remediation actions.
- Review evidence provided by Issue Owner to validate remediation actions were implemented as required and meet all acceptance criteria to close the issue.
- Monitor the status of remediation actions and provide periodic updates to applicable stakeholders.
Necessary Experience, Knowledge & Skills
- 7+ years of experience working in risk, control, audit or related function at a large financial institution
- Outstanding communication and influencing skills, both written and verbal, with demonstrated ability to effectively challenge key stakeholders and develop and present materials effectively
- Outstanding attention to detail and problem-solving skills, with demonstrated ability to rapidly adapt to change and shifting business profiles
- Demonstrated ability to work collaboratively within and across global project teams, functional areas, business units and all lines of defense
- Proficient in Microsoft Excel (e.g., VLOOKUP, Pivotable, Data Sorting)
- Strong situational awareness and decision-making capabilities; and
- Excellent prioritization skills and comfort dealing with ambiguity.
Salary Range:
$114,700 - 194,900 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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.
