Northern Trust

Principal, Technology Risk and Control

Northern Trust • $114K — $194K *
Chicago, IL 60629Hybrid
Finance & Insurance
8 - 10 years of experience
5 days ago
Job Overview by Ladders

Qualifications

  • Strong program and project management skills, including risk and issue escalation and management reporting.
  • Expertise in control identification, issue validation, and remediation governance.
  • In-depth knowledge of information security principles and risk management frameworks.
  • Ability to cultivate relationships across functions and with senior leadership.
  • Excellent communication skills to articulate complex risk topics clearly.

Responsibilities

  • Oversee and steer the Technology Issue Management process and program operations.
  • Lead enhancements and implementations of the Technology Risk and Control Issue Management Program.
  • Automate and standardize metrics reporting using Power BI for better decision-making and issue visibility.
  • Develop and execute training programs for stakeholders on risk and control procedures.
  • Manage daily operations, including executive reporting and issue tracking.
  • Promote accountability among Control Officers regarding process adherence.
  • Assess program effectiveness continuously and identify process improvement opportunities.

Benefits

  • Comprehensive health and welfare benefits (medical, dental, vision).
  • 401k and pension retirement benefits.
  • Paid time off, parental and caregiver leave.
  • Life and accident insurance.
  • Access to a discretionary bonus program that may include equity components.
Full Job Description
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 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.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Finance & Insurance
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ
NTRS
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Northern Trust

More Finance & Insurance Jobs

Find similar Principal, Technology Risk and Control jobs:

NationwideChicago, IL