Wealth Management CFO at Northern Trust in Chicago, Illinois

Job Description:

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.

The Wealth Management Business Unit CFO will be responsible for managing the business unit's financial analysis function(s) by working closely with Wealth Management leadership and serving on the Wealth Management executive team . The W ealth Management CFO reports into the enterprise CFO and is also a member of the Finance leadership team . The role will manage and provid e leadership and guidance to a group of managers and direct reports that comprise the W ealth Management Finance team . The Wealth Management CFO will ensure the team is set up for success to deliver against the financial plan balancing business unit needs with overall financial strategy and direction set by the CEO/CFO .

The key responsibilities of the role include:

• Plays a key role in helping set the overall financial strategy in partnership with W ealth Management leadership , strategically partnering with relevant stakeholder groups (e.g., MRP&A, Human Resources, Risk/Compliance, etc.)

• Plans, directs, and oversees activities of the Wealth Management financial plan to ensure business objectives are achieved in line with overall financial objectives set forth by the CEO/CFO, including leading the annual budgeting process for the business unit.

• Provides financial/accounting support to the business unit by managing and monitoring revenue and capital expense budgets, providing financial reporting, and working cross - functionally as needed to improve efficiency and productivity.

• Responsible for cost benefit analysis, evaluating the feasibility, profitability, and cost effectiveness of existing or new products and services based on business unit objectives .

• Develops and implements practices and procedures for the proper financial control of the business unit with an eye towards identifying, owning, and managing associated risks .

• Shares accountability with the business unit leadership team for the performance and profitability of the business unit as compared to the plan and against other key performance indicators .

• Demonstrates ext ensive business experience in Financial Services , broad functional expertise in financial planning & analysis , with focus on proactive strategic leadership to drive business outcomes.

• Responsible for leadership and management of Wealth Management Finance team modeling culture behaviors, embracing change management, and building an inclusive and supportive work environment.

• Accountable for staffing/ budget of the W ealth Management finance team and focused on ways to optimize team performance where applicable .

The successful partner will benefit from having:

• A College or University degree and/or 1 5 + years of relevant proven work experience with emphasis on financial analysis , management reporting, planning, and analysis is required.

• Knowledge of business strategy development is necessary to manage the profitability/performance of a major business segment.

• Excellent analytical and critical thinking skills required to evaluate financial results , projections and contribute to growth plans , productivity efforts and overall business unit strategy.

• Excellent relationship management skills required to partner and influence executive level decision making.

• Excellent oral and written communication skills are necessary to present relevant information to executive management and distill complex ideas for broader/general audiences .

• Excellent organizational skills are required to direct and oversee activities across a wide array of stakeholder groups often managing to tight deadlines and against multiple priorities .

• Strong personal computer skills (Excel, Word, and PowerPoint) are required to perform analyses and communicate financial information to various constituents.

• Strong knowledge of accounting, reporting and financial analysis and work-related work experience is required.

• Prior management experience leading teams i s strongly desired.

Salary Range:
$250,000 - 340,000

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.

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.