Associate Specialist, Asset Servicing Controls

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.

About the Opportunity

As an Associate Specialist, Asset Servicing Controls, you will join the Asset Servicing Control team and help strengthen the control environment across operational processes, procedures, and client servicing deliverables.

This role offers broad exposure to Asset Servicing and control teams across the organization, with opportunities to partner with control managers, business stakeholders, and cross-functional teams on key priorities, including:

• Control oversight and risk mitigation

• Process and control reviews

• Policy review, governance, metrics, and reporting

• Risk reviews, incident analysis, escalation, and RCSA

What You’ll Do

• Conduct risk reviews across operational processes and client servicing deliverables.

• Review and test processes and controls, and recommend actions to address gaps.

• Support control initiatives that enhance efficiency and strengthen controls.

• Support governance, metrics, and reporting for Asset Servicing controls.

• Review policies and standards to support risk mitigation and regulatory alignment.

• Escalate risk and control matters to key stakeholders.

• Evaluate incidents and losses to identify trends, root causes, and corrective actions.

• Support RCSA activities by assessing and challenging risks and controls.

• Support operational and corporate risk initiatives, as needed.

• Lead issue remediation activities in partnership with business units.

• Lead operational loss event activities in partnership with business units.

What You’ll Need

• Bachelor’s degree in business, management, or a related field preferred.

• Experience in banking or another regulated environment, ideally in risk, controls, audit, compliance, or governance.

• Experience with Governance, Risk, and Compliance (GRC) tools preferred.

• Strong analytical, problem-solving, and prioritization skills.

• Strong communication skills and the ability to influence diverse stakeholders.

• Ability to think strategically and execute in a fast-paced environment.

• Proficiency in Microsoft 365 applications, including Excel, PowerPoint, Outlook, Visio, Power BI, and SharePoint.

#LI-MG1

#Hybrid

Salary Range:

$95,600 - 162,400 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.