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. Salary Range $95,600 - 162,400 USD (base pay estimate). 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. #LI-MG1 #Hybrid 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! Build your career with us and apply today. EEO Statement 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 View email address on click.appcast.io. Please note that we employ based on qualifications, experience, and business needs only. We make no difference in hiring practices for disability or any other protected characteristic in any jurisdiction. Terms and Conditions / EEO Statements Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America North America EEO Statement: Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call View phone number on click.appcast.io (North America), +630-276-5353 (Asia Pacific), View phone number on click.appcast.io (India), View phone number on click.appcast.io (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. Canada EEO Statement: Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. EMEA EEO Statement: Northern Trust is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions are made in a non‑discriminatory manner in accordance with laws and codes of practice. USA EEO Statement: It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.) #J-18808-Ljbffr