Associate Consultant - Risk & Control

Job Description

About Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world s most sophisticated clients using leading technology and exceptional service.Working with Us: As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve! We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021: Gender Equality Index Member, BloombergTop Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMANS MagazineWe d love to learn more about how your interests and experience could be a fit with one of America s best banks and most sustainable companies! Build your career with us and apply today.Summary We seek a seasoned professional with extensive business and multi-disciplinary functional expertise, and a focus on proactive activity within the operations group. You will work with both direct and indirect staff, in an environment that encourages employee participation, teamwork, and communication.The Control (Associate Consultant) provides proactive leadership and guidance to partners to strengthen controls, ensure compliance and mitigate operational risk. The role will report to Manager GS Control APAC and will support Global & Business services in APAC outside India. Risk and control assessment Proactive control assessment and reviews Policies and risk programs Central point of contact, consultant, independent oversight and reporting of adherence to Corporate Risk and Compliance policies Reporting and escalation Independent reporting of risk and control issues for all operational functions to global services control leads and senior management Guide/coach/consult Create awareness and drive promotion of stronger control environment and positive risk cultureKey Duties and Responsibilities: 1. Perform proactive reviews for the divisions supported and identify key Control themes and trends. 2. Perform and document completion of internal controls. 3. Ensure operations staff receive relevant information relating to NT policies, standards and regulatory requirements 4. Support in the development of controls and measures to identify excessive operational risk and/or control problems at an early stage and ensures that immediate measures are taken to maintain quality and efficiency standards. 5. Coordinate and facilitate controls review meeting with the business partners. 6. Responsible to prepare the exceptions report on a timely manner and facilitate meeting with the business partner to discuss the exceptions. 7. Ensure that current policies and procedures are in place (and are being followed) for business unit functions and are in compliance with organizational standards and regulatory requirements. 8. Ensure Business Continuity requirements are adhered to, with no deviation from agreed procedures and processes. 9. Should have the ability to maintain various MIS reports and should ensure timely completion of all the MIS and other ad-hoc reports to be submitted to management. 10.Review any region specific regulatory issues. Make recommendations and control implementation by Business Unit. 11.Provide oversight around assessing operational readiness of the business unit s ability to take on new clients, processes, or perform system migrations. 12.Support initiation and maintenance of all necessary project tracking documents. 13.Participates in Internal Audit and Regulatory reviews for the operating group and to ensure that review findings are effectively resolved. Participates with the operating group in selected scenario analyses for Operational Risk Management. 14.Support in operations group audits of specific areas for audit, policy and regulatory compliance. 15.Works cross-functionally with other staff to create highly efficient operational processes that avoid control and quality deficiencies and associated monetary losses. 16.Ability to work on ad-hoc activities. 17.Objectives of the GS control function are as follows. This role would need to involve in performing most of these functions: a. Data Privacy Control standards, reviews and metrics b. Reconciliation standards and communication c. EUC standards, compliance and communication of best practices d. CASS awareness, communication and compliance metrics e. Resiliency planning f. Coordinating BCP events, Stress Tests g. Collaborate with internal Audit, Risk, Compliance and GBCRS on behalf of EO h. Work with GS Control APAC and help evolve Manila GS Control i. Critical issue management and support for OpsYour Knowledge/Skills Strong Financial Services background in Operations / Risk & Control / Audit role Proven expertise in implementing controls Experience in Capital Markets / Securities Operations will be an added advantage Preferably CA or MBA or Finance graduate with Controls background Seasoned professional with business experience, multi-disciplinary functional expertise and with a focus on proactive activities within the operations group (6 years + of related business experience).Additional Information,

Keyskills :
sqljavacustomer relationssapdocumentationdata privacymusic makinginternal auditcorporate riskglobal servicescapital marketsoperational risk