Testing Team Lead - Wealth 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.

Job Title:Wealth ManagementTesting Team Lead

Job Description Summary:

Uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires specialized depth and/or breadth of expertise in own job discipline or field. Leads others to solve complex problems. Works independently, with guidance in only the most complex situations. May lead functional teams or projects.

The Control Specialist is responsible for providing support and oversight of the operational control environment for the designated practice areas. The Specialist must consistently identify risk, articulate the risk, and propose solutions to address risk to the practice area control manager and the control leadership team. The Specialist consistently displays a balanced, cross-functional perspective, collaborating with the business, Control, and relevant Northern Trust counterparts (e.g., Risk, Legal, Compliance, Audit, etc.) to improve efficiency, effectiveness, and productivity.

Major Duties:

• Advise and assist control leadership on implementing the 1LOD control testing framework and ensure adherence to maintaining the control testing processes in accordance with the R+CE 1LOD Control Testing Methodology and industry best practices.
• Lead a team involved in testing and assessing the adequacy of the required controls, developing and overseeing test plans identifying control gaps.
• Conduct First Line of Defense Testing for practice area(s).
• Ensure proper preventative and detective controls are in place for the practice functions assessed and prepare recommendations to strengthen control weaknesses.
• Lead representative to ensure relevant stakeholders are appropriately engaged.
• Draft scoping, project plan, scoping documents, identified observations and final reporting.
• Oversee and in certain situations (e.g., greater controls complexity) lead walkthroughs with control owners.
• Perform quality review over testing workpapers to ensure execution and documentation meet testing methodologies and general quality expectations.
• Responsible for monitoring all testing phases including escalation of significant deficiencies and/or testing delays.
• Provides support to tester to ensure testing is being performed effectively and efficiently.
• Support the risk-based control test plan to identify excessive risk and/or control issues.
• Communicate findings and enhancement recommendations (verbally and in writing) to business and control leadership (via the agreed Control Testing report template(s).
• Support manager with planning and execution of the thematic reviews required to provide assurance to business leadership of control design and operating effectiveness surrounding internal processes and procedures.
• Confirm that procedures are in compliance with organizational standards and regulatory requirements.
• Understand, compile, manage, and lead communication of required information for supplier performance reviews on a monthly, quarterly or annual basis including profiles, reports and scorecards as necessary
• Understand, compile, manage, and submit required monthly, quarterly or annual reporting including Test Results, Executive Summary, dashboards, testing issue remediation and status
• Develop and manage operational processes, template reviews, and establish metrics (e.g., key risk indicators, key performance indicators (KPIs)) to monitor overall performance against agreed upon milestones, risk thresholds, service level agreements and/or other measurement criteria
• Work closely with the business partners to obtain issue remediation action plans, track and report status of remediation actions, including maintaining dialogue with the business to ensure timely remediation of issues, allowing the business to assess ongoing remediation action plans and revise and update if required
• Support key Control programs such as the Audit Remediation, ASL, ATP Standards etc.
• Foster and promote Northern Trust’s commitment to a strong risk management culture by developing a control mindset within the business.

Knowledge:

• Professional with extensive business experience, 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.
• Excellent organizational skills with the ability to manage multiple competing priorities.
• Strong communication skills, verbal and written.
• Must have strong analytical, interpersonal, and leadership skills
• Attention to detail.
• Reporting and PBI skills

Experience:

• College or University degree is preferred.
• 5+ years of Risk & Control and testing experience required.
• Financial services experience.
• Wealth Management experience a plus

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.

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.

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.