Director 1LoD Control Testing Quality Assurance and Operations

Welcome to Northern Trust, a global financial services company providing innovative solutions for our clients' evolving needs. We are currently seeking a highly experienced and motivated individual to join our team as the Director of 1LoD Control Testing Quality Assurance and Operations. This role is crucial in ensuring the effectiveness and efficiency of our first line of defense control testing processes and operations. The ideal candidate will have a strong background in risk management, quality assurance, and operations, with a passion for driving continuous improvement and delivering exceptional results. If you are a dynamic leader with a keen eye for detail and a commitment to excellence, we encourage you to apply for this exciting opportunity.

1. Develop and implement quality assurance processes and procedures for first line of defense control testing, in compliance with industry standards and regulatory requirements.
2. Oversee and manage the operations of the 1LoD control testing team, ensuring timely and accurate execution of testing activities.
3. Collaborate with cross-functional teams to identify and mitigate risks in control testing processes.
4. Monitor and analyze control testing results to identify areas for improvement and make recommendations for corrective actions.
5. Develop and maintain relationships with key stakeholders, including senior management, to ensure alignment of control testing processes with business objectives.
6. Provide leadership and guidance to the control testing team, fostering a culture of continuous improvement, accountability, and high performance.
7. Keep abreast of industry trends and best practices related to control testing and incorporate them into the company's processes and procedures.
8. Conduct regular audits and reviews to ensure compliance with internal policies, procedures, and external regulations.
9. Develop and deliver training programs to enhance the control testing skills and knowledge of team members.
10. Prepare and present regular reports on control testing activities and results to senior management.
11. Drive innovation and automation in control testing processes to improve efficiency and effectiveness.
12. Collaborate with other departments to ensure a seamless integration of control testing with other risk management activities.
13. Manage and allocate resources effectively to meet business needs and achieve departmental goals.
14. Act as a subject matter expert on control testing and provide guidance and support to other departments as needed.
15. Continuously evaluate and improve the quality and effectiveness of control testing processes to meet changing business needs and regulatory requirements.

According to JobzMall, the average salary range for a Director 1LoD Control Testing Quality Assurance and Operations in Chicago, IL, USA is $110,000 to $160,000 per year. This can vary depending on the specific company, industry, and level of experience of the individual in the role.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.