Embedded Practice Control Officer - Global Family Office (GFO)
$114,700–$194,900 year
On-siteChicago, Illinois, United States
Job Summary
Advise control leadership on implementing the control framework and ensure adherence to highest standards. Conduct process risk assessments for designated practice areas, ensuring preventative and detective controls are in place and preparing recommendations to strengthen weaknesses. Support the risk-based control test plan to identify excessive risks early, report findings via agreed templates, and manage thematic reviews to assure business leadership of control effectiveness. Confirm policies and procedures comply with organizational standards and regulatory requirements, while assisting in corporate policy communication and implementation. Foster a strong risk management culture by developing a control mindset within the business and supporting key programs such as Audit Remediation and ASL Standards.
Required Qualifications
- 7+ years of Risk & Control experience
- Financial services experience
- College or University degree
- Work Authorization: Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future
Desired Qualifications
- 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
- Strong communication skills, verbal and written
- Attention to detail
- Experience leading functional teams or projects
- Experience providing guidance to others as a project manager or consultant
- Experience identifying risk, articulating the risk, and proposing solutions to address risk
- Experience collaborating with the business, Control, and relevant Northern Trust counterparts (e.g., Risk, Legal, Compliance, Audit, etc.)
- Experience ensuring proper preventative and detective controls are in place
- Experience preparing recommendations to strengthen control weaknesses
- Experience supporting the risk-based control test plan
- Experience reporting process test findings to control management
- Experience supporting planning and execution of thematic reviews
- Experience ensuring that current policies and procedures are in place
- Experience confirming that procedures are in compliance with organizational standards and regulatory requirements
- Experience assisting in the communication and implementation of corporate policies within the business unit
- Experience communicating findings and enhancement recommendations (verbally and in writing) with control management
- Experience supporting key Control programs such as the Audit Remediation, ASL, ATP Standards etc.
- Experience developing a control mindset within the business
- Experience fostering and promoting Northern Trust's commitment to a strong risk management culture
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