Strategic Remediation Validation Testing (Audit and Controls Testing) - Associate Specialist

Northern TrustChicago, IL, US

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Northern Trust Financial Services Assurance And Validation Testing Role

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 position within the recently established Global Strategic Remediation Oversight and Governance team as part of the Global Regulatory Affairs Office. The successful candidate will report to the Remediation Validation Testing Manager. The successful candidate will bring proven expertise in financial services assurance and validation testing activities and will contribute to the design and execution of the significant remediation quality control / validation testing plan. Significant remediation activities will 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 subject matter expertise, and execution rigor to enable management and coordination of issue validation and related testing activities.

Key Responsibilities

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
Display strong presentation and influence skills

Technical / Operational

Establish and develop strong working relationships with key stakeholders

Accurately design and execute the quality control / validation approach 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

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 stakeholders to discuss the issues raised during the quality control / validation activities and agree path forward for resolution

Required Skills

A college or university degree

10+ years experience in financial services, with 5+ years of testing experience in a financial institution, 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

Experience in the financial services industry, internal audit, or risk management, with in depth experience in risk management frameworks

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)

Required Competencies

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 : $95,600 - 162,400 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.

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 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.

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Strategic Validation • Chicago, IL, US