Head of Control Testing and Assurance

5 days ago


Chicago, Illinois, United States Northern Trust Full time

About Northern Trust:

Northern Trust is a leading global financial institution with a rich history dating back to 1889. As a Fortune 500 company, we have established ourselves as a trusted provider of innovative financial services and guidance to the world's most successful individuals, families, and institutions.

We are committed to upholding our core values of service, expertise, and integrity, which have enabled us to maintain a strong reputation and build lasting relationships with our clients. With over 130 years of experience and a team of over 22,000 partners, we leverage our expertise and leading technology to deliver exceptional service to our clients.

Job Summary:

The Head of Control Testing and Assurance is a senior executive responsible for developing and implementing Northern Trust's centralized control testing function. This role will oversee the design and implementation of a risk-based control testing program to ensure the effectiveness of controls across the enterprise.

Key Responsibilities:

  • Develop and maintain a comprehensive control testing program to review and challenge the design adequacy and effectiveness of key controls.
  • Establish sound sampling methodologies and requirements to be deployed by testers across the enterprise.
  • Implement an automated control validation strategy to efficiently expand coverage of control monitoring.
  • Develop a strategic plan for the design and development of the 1LOD centralized control testing group and the timely execution of testing and assurance.
  • Prepare and deliver clear, concise, and actionable reporting to senior leadership and governance committees.
  • Collaborate with senior leadership across the enterprise to support the continued maturation of the control environment.
  • Oversee a team of control testers and managers responsible for executing the risk-based control testing program.
  • Identify and implement testing automation and analytics where appropriate.

Requirements:

  • Bachelor's degree in a relevant field.
  • Significant experience in control testing, regulatory, examination, or Internal Audit.
  • Strong understanding of control frameworks, testing methodologies, and risk assessments.
  • Excellent interpersonal and communication skills, with the ability to positively influence all levels of personnel.
  • Experience leading and developing team members.
  • Experience in the financial services industry, including regulatory experience.
  • Proven success in building and implementing control testing programs to evaluate the design and adequacy and effectiveness of key controls.
  • Exceptional data visualization skills.
  • Self-motivated with strong collaboration and influencing skills.
  • Ability to work under pressure, manage multiple tasks, and meet deadlines.

Working with Us:

Northern Trust is committed to creating a workplace where our partners can thrive and grow. We offer a flexible and collaborative work environment, with opportunities for movement and development within the organization. Our senior leaders are accessible, and we are committed to assisting the communities we serve.

We are an equal opportunities employer and welcome applications from diverse candidates. If you are a motivated and experienced professional looking to join a leading financial institution, we encourage you to apply for this exciting opportunity.



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