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.
Title: Principal, Technology Risk and Control
Role Overview
- The Technology Risk and Control function at Northern Trust plays a critical role in enabling Global Information Technology to operate within a strong First Line of Defense, foster a robust control-aware culture, and deliver secure, compliant, and resilient technology capabilities. The function supports regulatory compliance, protects client interests, and strengthens enterprise-wide risk management practices.
- The Principal, Technology Risk and Control role is accountable for end-to-end ownership of the Technology Risk and Control Issue Management Program Operations. This role will be part of a highly skilled global team dedicated to promoting control awareness and ensuring disciplined management of technology risks across the organization.
- The successful candidate will partner closely with Global Technology stakeholders, advising on compliance with Issue Management requirements, and will collaborate with Risk, Compliance, and Audit partners to ensure a complete, accurate inventory of technology control–related issues. The role also provides operational leadership and oversight of a team responsible for executing the full lifecycle of high-risk issue management, including pre-assertion validation.
Key Responsibilities
Responsibilities include, but are not limited to:
- Support the Issue Management Process Owner in overseeing program operations and driving the strategic direction of the Technology Issue Management process.
- Provide strong program and project management leadership in the design, development, and implementation of operational enhancements to the Technology Risk and Control Issue Management Program, ensuring alignment with the Enterprise Issue Management framework and Technology-specific expectations.
- Lead the simplification, standardization, and automation of Technology Issue Management metrics and reporting, leveraging Power BI to deliver accurate, timely, and actionable insights; design, develop, and implement advanced analytics and AI-enabled use cases focused on issue quality assessment, trend analysis, and identification of data quality gaps to enhance decision-making, risk visibility, and program effectiveness.
- Design, deliver, and administer comprehensive training programs for Risk and Control staff, Technology teams, issue source owners, and business stakeholders.
- Manage day-to-day operational activities, including development of executive-level meeting materials, facilitation of issue review forums, documentation and tracking of follow-up actions, high-risk issue validation, and status reporting.
- Drive accountability by holding Control Officers and stakeholders accountable to defined process requirements and standards.
- Continuously assess program effectiveness and identify opportunities for process improvement and maturity enhancement.
- Serve as the primary point of contact and visible advocate (“face”) for the Technology Issue Management Program, partnering with stakeholders on adoption, integration, and potential expansion of program usage and supporting tools.
- Ensure appropriate governance, challenge, and oversight of issues progressing through risk acceptance.
- Facilitate governance committees, working groups, and stakeholder forums, acting as a trusted advisor on technology risk and control matters within the Issue Management scope.
- Partner with Second Line of Defense teams to align on issue management expectations, aggregated risk measurement, and risk analysis; take appropriate actions to address identified gaps or emerging risk trends.
- Oversee executive reporting, issue tracking and remediation, and measurement against defined risk appetite thresholds.
- Influence behaviors and decision-making to reduce risk exposure and strengthen a proactive technology risk management culture across the enterprise.
Qualifications
- Strong program and project management capabilities, including product/process ownership, milestone management, risk and issue escalation, system development oversight, training and awareness initiatives, and management reporting.
- Demonstrated expertise in control identification and definition, issue validation methodologies, and remediation governance.
- Deep understanding of information security principles, technology risk assessments, and security risk management frameworks.
- Proven ability to build and sustain strong collaborative relationships across functions, including senior and executive leadership.
- Excellent written and verbal communication skills, with the ability to clearly articulate complex risk and control topics to senior stakeholders.
Experience and Education
- Bachelor’s degree in technology, information security, cybersecurity, or related discipline.
- Minimum of 10+ years of experience in technology risk management, control functions, audit services, or related roles with transferable skills.
- Prior experience within the financial services industry is strongly preferred.
- Relevant technology or security certifications (e.g., CISSP, CISA and CRIC) and professional qualifications are an advantage.
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)
Salary Range:
$114,700 - 194,900 USDSalary 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.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
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 committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Bachelor's degree in technology, information security, cybersecurity, or related discipline
- Minimum of 10+ years experience in technology risk management, control functions, or audit services
- Authorized to work in the U.S. without employment-based visa sponsorship (no sponsorship available)
- Strong program and project management capabilities (product/process ownership, milestone management, escalation, reporting)
- Demonstrated expertise in control identification, issue validation methodologies, and remediation governance
- Deep understanding of information security principles, technology risk assessments, and security risk management frameworks
- Experience using Power BI for metrics, reporting, and analytics
- Proven ability to build and sustain collaborative relationships across functions and with senior leadership
- Excellent written and verbal communication skills
- Experience designing or implementing advanced analytics and AI-enabled use cases for issue analysis
- Prior experience within the financial services industry
- Relevant technology or security certifications (e.g., CISSP, CISA, CRIC)
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — Retirement offerings are positioned as a standout, with a 401(k) plus an additional employer-funded pension described as a differentiator. This combination is repeatedly framed as a meaningful offset within total rewards, especially for long-term financial security.
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Leave & Time Off Breadth — Time-off benefits are depicted as generous, spanning paid time off, holidays, and dedicated paid volunteer time. The breadth of leave options is highlighted as a consistent strength that supports work-life balance.
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Healthcare Strength — Health coverage is characterized as comprehensive, typically including medical, dental, vision, and mental-health support through an assistance program. The offering is portrayed as robust and family-supportive, with multiple plan options in some descriptions.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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