Sr. Consultant Business Unit Control - Global Revenue And Billing Management

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.

The Global Revenue and Billing Management team is responsible for the accounting, invoicing, and payment management of Northern Trust’s client revenue. The team is located in the North America, EMEA, and APAC and supports all business segments – Wealth Management, Asset Servicing, and Asset Management, and all regions – North America, EMEA, and APAC. The team works closely with the various Business Units and their respective Finance teams to ensure accurate revenue recognition and closing of Northern Trust’s monthly books. The team is in the midst of a multi-year transformation that will migrate all clients to the best-in-class Oracle Revenue Management and Billing (ORMB) platform that will improve client experience, deliver enhanced controls, optimize workflow, and enable advanced reporting and data analytics.

The Business Unit Control, Sr. Consultant for Global Revenue and Billing Management, will work closely with the broader governance team and BAU team leadership team on a diverse set of control-related business management initiatives that support the transformation program as well as the core business. The right candidate will be highly adaptable and able to flex a variety of skills including business & risk analysis, metrics management, project management, and process optimization, all underpinned by strong communication and control principles.

Major Duties include:

• Lead and or participate in various projects that expand or enhance the control framework.
• Responsible for ongoing, consistent execution of defined control program
• Lead project to create and define an exception-based audit that efficiently delivers invoices and accounting with a high level of accuracy. Create an oversight framework that monitors the effectiveness of the audit.
• Create & document best practices for various processes and roll them out to the team. · Review KPI & metrics for effectiveness and consistent delivery. Provide feedback for improvements.
• Contribute to the periodic risk reviews of, operational processes, procedures, and client-specific servicing deliverables. Ensure risk review results are documented and reviewed with senior leadership. Recommend control enhancements for high-risk processes.
• Support the risk-based control test plan to identify excessive risk and/or control issues at an early stage. Report process test findings to control management, (via the agreed Control Testing report template).
• Conduct periodic reviews of practice-specific policies and ensure procedures are in place and follow organizational standards and regulatory requirements. Escalate risk and control-related matters to senior management.
• Evaluates incidents and operational losses and performs thorough analysis to identify trends and root cause. Prepares recommendations for process and control enhancements in alignment with the practice control manager and the practice management.
• Assist key Control programs such as the Audit Remediation, ASL, ATP Standards etc. Including the definition of the methodology, the execution of the programs, and ensuring the implementation and tracking of agreed actions. · Assist with operational and/or corporate risk initiatives where directed.

Knowledge/ Skills:

• Professional with extensive business experience, and multi-disciplinary functional experience with a focus on proactive activities within the Global Control group. Knowledge of the firm and industry.
• Ability to explain difficult or sensitive information; works to build consensus.
• Strong communication skills, verbal and written.
• Attention to detail.

Experience Required:

• College or University degree
• 5+ years of risk and control experience
• 10+ years of financial services experience

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 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.

For further information, and to apply, please visit our website via the “Apply” button below.