Attorney in Chicago, IL

In-House

Chicago, IL

Attorney in Chicago, IL

Non-practicing Attorney

Min 1 yrs required

No

Strategic Remediation Validation - Associate Consultant
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locations
Chicago, IL

time type
Full time

posted on
Posted 4 Days Ago

job requisition id
R136715

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 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 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 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 key responsibilities of the role include:

Leadership

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

Technical / Operational

Establish and develop strong working relationships with key stakeholders
Accurately 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

The successful candidate will benefit from having:

Required Skills

A college or university degree
2+ yrs. experience in financial services, with 1+ years of direct internal audit or 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

Professional certifications (., CPA, CISA, CIA, ACA, ACCA) and/or an MBA or JD along with proven technical abilities in select areas (., regulatory compliance, risk management, auditing)
Experience in executing high quality, high value internal testing programs for large businesses or regulated environments

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 work 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:
$61,500 - 98,300 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.