Head of Chief Control Office (CCO) Governance & Oversight (Finance)

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 Description:

The Head of Chief Control Officer (CCO) Governance Oversight and Analysis reports directly to the enterprise CCO. This is a critical First Line of Defense (1LOD) Senior Leadership role that will be responsible for enterprise-wide internal control governance, oversight and analysis related 1LOD CCO Standards, Procedures, Management Information, and other high priority projects and activities related to the governance of enterprise internal controls. This will also include, but not limited to, direct accountability to ensure 1LOD procedures achieve standards / policy objectives and compliance, while ensuring that all Northern Trust Business Units and Corporate Functions adhere to the 1LOD standards.

The ideal candidate will have 15+ years of proven leadership experience working in a fast paced delivery environment, coupled with Subject Matter Expert (SME) knowledge of 1LOD enterprise risk management, risk and control frameworks, all aspects of internal controls [design, hierarchy, effectiveness aggregation], issues management, exam management [external and internal], successfully navigating in a Globally Systemically Important Bank (GSIB) environment. The ability to easily explain complex risk and control topics, while writing the narrative and the 'so what' for Board and Executive Management level decision making reporting.

Communication skills will be mission critical [verbal and written] as the role will support liaising with key stakeholders and collaborating with senior business leaders on key initiatives. This is a newly created function and role, which will require self-starting abilities and a proven track record of delivery and execution in a fast-paced global environment.

Major Duties:

CCO Governance and Analysis

• Establish and maintain enterprise-wide control governance framework, ensuring consistency, transparency and accountability in accordance with internal standards.
• Provide oversight to ensure adherence to control policies and procedures from the first line of defense.
• Work closely with Control owners and leadership to ensure the control framework is aligned with changing internal, industry, and regulatory environment.
• Provide input to materials used to promote awareness and understanding of Control governance to partners enterprise-wide.

Reporting Requirements (Controls, Issues and Testing)

• Lead the enterprise-wide tracking and resolution of controls, issue management, and control testing, ensuring timely escalation and reporting to governance committees and other various internal parties.
• Ensure the appropriate management information is collected related to controls to be used for risk-based and data-driven decision making across control lifecycle (design, hierarchy, effectiveness results).
• Provide internal reporting and commentary to internal parties up to and including Board and Executive Management to be used for decision making.

Policy and Standards Oversight

• Develop and update control-related policies, standards, and procedures to ensure compliance with regulatory, industry, and internal requirements.
• Collaborate with other leaders to ensure a consistent approach to risk and control management across the organization.

Procedures Governance and Oversight

• Develop framework to ensure first line of defense procedures achieve standards / policy objectives and compliance.
• Lead effort to ensure that all Northern Trust Business Units and Corporate Functions adhere to the 1LOD standards.

Exam Management Support

• Collaborate with internal Risk & Compliance partners to ensure the framework is aligned with regulatory commitments.

Single point of contact for Corporate Finance for coordination of SOX / SOC Control Owners

• Function as liaison with internal partners on control matters related to SOX / SOC.

Knowledge, Skills & Experience Required:

• 15+ years direct experience/expertise in a Risk or Control COO or related role.
• Proven GSIB experience, and or, equivalent experience at a multi-national Financial Institution or consulting firm
• Ability to set standards and drive excellence within a team.
• Critical thinker with superior problem-solving abilities who can organize and manage people and resources to effectively prioritize issues and respond to senior management, Boards and key stakeholders
• Strong communication written/oral skills, ability to communicate complex topics in a simple and concise manner
• Ability to engage a diverse set of stakeholders, build long-term relationships, and create a collaborative and approachable environment
• Ability to think strategically, execute with precision and prioritize in a fast-paced environment.
• Bachelor's degree in business administration, management, or a related field. An MBA, CFA, or related advanced credentials preferred.

This job description provides a general guide to the duties and responsibilities of the role and is not an exhaustive list of all duties and

Salary Range:
$171,700 - 300,500 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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 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.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.