Practice Lead, Business Unit Control - Banking & Markets

Practice Lead, Business Unit Control - Banking & Markets page is loaded Practice Lead, Business Unit Control - Banking & Markets Apply remote type Hybrid locations London, United Kingdom time type Full time posted on Posted 2 Days Ago job requisition id R142977 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.

Role/ Department:

The First line of Defense (1LOD), Business Unit Control Practice Lead will support the execution of 1LOD efforts regarding NT's risk and control posture, specifically for the organization's Banking and Markets back office and Collateral teams. This role is part of a global risk and control team, where the focus is on managing risk, identifying controls and monitoring activities within the first line for execution of risk and control-related programs. This will be accomplished by oversight on the development and enhancement, execution, and design of various processes to support risk management.

The key responsibilities of the role include:

• Assists the business in advising and overseeing execution of their risk and control processes, including but not limited to risk control self-assessments, audit remediation, loss reporting, and system and processes changes.
• Provides insights and challenge to the execution of risk and control self-assessments for Banking and Markets and Global Collateral areas, among others, to ensure that the risks and controls are completely and accurately identified, documented and assessed.
• Work with the Internal Audit team to ensure that identified action plans and remediating actions are appropriate to mitigate the identified risk and achieve the objectives of audit's observations.
• Review remediation work performed to ensure implementation was complete, accurate and timely to address the identified issues, including regular tracking, reporting and oversight of remediation.
• Manages and oversee account servicing losses for supported teams, including ensuring appropriate root cause actions have been identified, documented and resolved, as needed.
• Assist the business to assess system and process changes for feasibility of execution, identification of risks and appropriate controls.
• Maintain relationships with key personnel throughout the organization and across the lines of defense to ensure program execution is achieving desired results.
• Work with 1LOD stakeholders to understand their roles and responsibilities related to risk, resiliency and control and ensure that accountability for process and control operation is understood.
• Escalates gaps identified from risk and control assessments and other advising work in a timely and effective manner.
• Provides training and support to business unit leaders and other stakeholders on risk and control programs, responsibilities and desired outcomes.
• Determines quality objectives, standards, and levels, with input from stakeholders, to establish the basis for quality outcomes.

Skills/ Qualifications:

The successful candidate will benefit from having:

• Experience in working across lines of defense to execute risk and control programs in order to completely identify, assess, manage and treat risk.
• Experience in identifying, documenting, testing and reviewing controls to ensure they are designed and operating appropriately to mitigate identified risks.
• Experience developing reporting, and effectively and efficiently communicating program status and outcomes at different levels of the organization (i.e., from individual contributor to Management)
• Experience leading multiple priorities and managers in program execution, escalation and oversight.
• Demonstrated understanding of business and technology operations, resources, priorities, and policies.
• Ability to adapt to changing priorities in an evolving environment.
• Ability to lead teams and develop / maintain relationships with stakeholders from various lines of business and functional areas.
• In-depth knowledge of Financial Services' business capabilities, applications, processes and infrastructure required to deliver end-to-end capability.
• Substantial experience in designing, executing and leading risk control self-assessments and other control programs.
• Deep knowledge of risk and control self-assessment programs, control testing, root cause reviews and other area requiring critical thinking.
• Experience developing and presenting reporting to various stakeholder groups.
• Substantial experience building and cultivating relationships across the three lines of defense in order to maintain quality execution of risk and control-related programs.

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 .

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.

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A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we've been named one of the world's most admired companies.

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1- (North America), - (Asia Pacific), (India), (0) (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources' decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources' decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy . click apply for full job details