Consultant, BU Controls - Integrated Portfolio Services (IPS)

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. The Consultant, Business Unit Controls is responsible for strengthening the operational risk and control environment across the Integrated Portfolio Services (IPS) business. The role partners with Operations, Risk, Compliance, Technology, Audit, and business leadership teams to identify, assess, monitor, and mitigate operational risks while promoting strong governance, control effectiveness, and continuous improvement across global teams.

Risk & Control Management Lead execution of the IPS Business Unit Control Framework. Identify, assess, monitor, and report operational risks across business processes. Drive control improvements through risk assessments, gap analysis, root cause analysis, and corrective and preventive actions. Support the development and maintenance of a strong risk and control culture. Risk & Control Self-Assessment (RCSA) Facilitate RCSA workshops and partner with stakeholders to assess operational, regulatory, financial, and reputational risks. Ensure risks and controls are appropriately documented, challenged, reviewed, and escalated where required. Present key risk themes, trends, and emerging issues to senior management. Control Testing & Monitoring Design and execute risk-based control testing programs. Monitor control effectiveness and track remediation activities. Leverage data analytics and automation opportunities to enhance testing efficiency. Develop and maintain KRIs, KCIs, dashboards, and reporting metrics. Governance, Audit & Regulatory Support Support Internal Audit, External Audit, regulatory reviews, and enterprise risk assessments. Coordinate audit remediation activities and drive timely closure of action plans. Maintain governance documentation and support programs related to operational resiliency, business continuity planning (BCP), data governance, technology standards, and risk management frameworks. Represent IPS Business Unit Controls in governance forums, working groups, and regional committees. Incident & Issue Management Lead incident reviews and issue management activities. Conduct investigations, root cause analysis, lessons learned reviews, and corrective action planning. Document and monitor risk acceptance decisions and remediation commitments. Reporting & Analytics Produce executive dashboards and management reporting for risk, control testing, incidents, audits, and remediation activities. Deliver weekly and monthly reporting on key risk and control metrics. Utilize Power BI and other visualization tools to improve reporting quality and efficiency. Stakeholder Management Build strong partnerships with Operations, Enterprise Risk, Compliance, Technology, Information Security, Legal, and Internal Audit teams. Influence stakeholders across regions to strengthen governance and control practices. Communicate complex risk and control matters effectively to senior leadership.

Bachelor's Degree and professional certifications such as CRISC, CISA, CIA, PMP, Lean Six Sigma, or Operational Risk certifications are advantageous. Significant experience in Operational Risk, Business Controls, Risk Management, Internal Audit, Compliance, or Financial Services Operations. Experience within Investment