Second Line of Defense Control Testing Consultant

2LOD Control Testing Consultant

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.

Job Description

The Second Line of Defense (2LOD) Controls Testing (Consultant, Risk) partner will be an individual contributor who will work closely with peers, stakeholders, and leadership on the Second Line’s Controls Testing and Assurance program.

This role is evolving beyond traditional control testing and will play a key role in supporting a risk-based assurance model, including the assessment of Enterprise-Level Controls (ELCs) and overall control environment effectiveness across the organization.

Key Responsibilities

• Perform 2LOD review and challenge (assurance) over control testing activities, evaluating whether controls and programs are operating effectively based on evidence, outcomes, and risk indicators
• Execute Enterprise-Level Control (ELC) assessments, evaluating the effectiveness of governance, risk management, and oversight programs using a combination of metrics, evidence, and structured judgment
•  Analyze key risk and performance metrics (e.g., overdue issues, repeat findings, escalation behavior) to identify trends, emerging risks, and potential control weaknesses
• Conduct targeted deep dives where metrics or outcomes indicate deterioration or inconsistency in control performance
• Support development and application of risk-based, non-binary assessment methodologies, balancing quantitative metrics with contextual analysis to arrive at defensible conclusions
• Perform 2LOD validation work, including planning, execution, maintenance of workpapers, identification of findings, and reporting results to risk committees
• Evaluate control design and operating effectiveness, determine exposure to risk, and partner with business and control owners to develop remediation strategies
• Support the aggregation of control and program-level results into enterprise-level effectiveness ratings, contributing to ERM framework monitoring and reporting
• Contribute to the design and enhancement of 2LOD methodologies, including ELC frameworks, metrics, and effectiveness rating models
• Provide Second-Line insights and reporting to Risk Management leadership, ensuring timely and clear communication of findings and risk themes
• Demonstrate strong understanding of the Three Lines of Defense model and apply it consistently across assurance activities
• Communicate findings and insights clearly to both technical and business stakeholders, ensuring alignment and understanding
• Apply strong risk assessment and analytical skills to identify key risks, control gaps, and improvement opportunities
• Exhibit strong project management skills, managing multiple priorities in a dynamic and evolving environment

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.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.

Experience Level

Senior Level