Strategic Remediation Validation Specialist at Northern Trust in Chicago, Illinois

Job Description:

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 individual contributor 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 Remediation Validation Testing Manager and will bring proven expertise in financial services assurance and validation testing activities. Among other activities, this individual will assist in designing and establishing the methodology and processes supporting validation of significant remediation quality control validation activities. Significant remediation activities include those of regulators and internal audit.

The candidate will interact and build relationships with senior management across Northern Trust. Additionally, the candidate will use their technical ability in the execution of the remediation quality control/validation testing plan.

This individual will play a key role in managing and executing Northern Trust's remediation quality control/validation testing program, ensuring alignment with regulatory expectations and translating multiple requirements into a balanced validation program. The seasoned professional supplies deep subject matter expertise and execution rigor to enable management and coordination of issue validation and related testing activities.

The key responsibilities of the role include:

Leadership

• Demonstrate excellent communication and leadership to influence a wide range of stakeholders


• Demonstrate strong initiative, project management, people skills, sound decision-making, intuitive thinking, and sensitivity to cultural diversity


• Establish and develop strong working relationships with key stakeholders


• Display strong presentation and influence skills

Technical / Operational

• Contribute to the design and build of the strategic remediation quality control validation methodology and processes, including creation of process documentation, roll out to stakeholders and team.


• Accurately design and execute the quality control/validation approach for complex regulatory and significant internal audit issues, and ensure that quality control/validation documentation is clear, concise, supports the reviews performed, and explains decisions made


• Identify and analyze risks, plan and prioritize validation tasks for on-time delivery, conduct interviews, observe operations, document and analyze processes and controls


• Provide effective review and challenge of significant remediation deliverables to ensure quality of design, implementation and sustainability


• Exercise responsibility over the execution of assigned regulatory validation projects and/or deliverables to ensure that work is performed prompt and accurately


• Develop and show an understanding of the business risks, controls, and processes, along with an understanding of relevant laws, regulatory rules and knowledge of the impact of systems within areas reviewed


• Escalate and/or communicate with relevant senior stakeholders to discuss the issues raised during the quality control/validation activities and agree path forward for resolution


• Identify critical gaps in completed remediation activities, present feedback to senior leaders across business, risk, and compliance, in advance of the formal submission to the regulators/internal audit


• Responsible for staying current on regulatory rules and changes within the industry


• Maintains 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 area


• Demonstrate excellent communication and leadership to influence a wide range of senior stakeholders

The successful candidate will benefit from having:

Required Skills

• A college or university degree


• 13+ yrs. experience in financial services, with several years of direct experience or knowledge of auditing in the financial services industry, with strong experience related to risk culture, risk management, and compliance, or similar consultancy experience in the financial services industry


• Superior analytical and organizational skills


• Ability to work under pressure


• Ability to multitask and prove flexibility to change plans at short notice


• Ability to communicate effectively in both oral and written forms, with all levels of staff and management

Preferred Skills / Experience

• Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and/or an MBA or JD along with proven technical abilities in select areas (e.g., regulatory compliance, risk management, auditing)


• Experience in designing and delivering high quality, high value internal testing programs for large businesses or regulated environments

• Ability to execute a formal quality control/validation testing strategy that reflects the organization's risk profile, regulatory/legal requirements, and current risk trends


• Demonstrate strong initiative and people skills, sound decision-making, analytical and intuitive mind-sets, political awareness, and sensitivity to cultural diversity


• Ability to manage through critical issues and realign priorities and deliverables as needed


• Ability to form evaluative judgment(s) based on analysis of information in complicated, unique and dynamic situations

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.