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.

Federal Regulatory Rules Inventory

The successful candidate is responsible for the inventory of federal rules and obligations.

This individual will maintain clear documentation, data and audit trails around interpretation and traceability for future reference, linking into legal entity, regulatory license, business unit and product data; and the firm’s Risk Inventory.

Principal Responsibilities:

Responsible for supporting the Program Lead for Rules Inventory and the build out for legal entities and business units in region. Working within a global team, against agreed prioritisation, milestones, and deliverables.

Collaborating with legal and regulatory subject matter experts across all Lines of Defense to strengthen understanding and rationale around regulatory interpretation and enable the build out of the Rule Inventory across the jurisdictions in which NT operates.

Support Working Group meetings maintaining efficient and appropriate governance to enable successful outcomes.

Maintain clear documentation, data and audit trails around interpretation and traceability for future reference, linking into legal entity, regulatory license, business unit and product data; and the firm’s Risk Inventory.

Serve as a key contributor to continuous improvement on the Rules Inventory framework and governance models underpinning compliance and legal risk to maintain the strategy and sustainability.

Serve as an individual contributor who takes ownership of activities but solicits support as needed to drive successful regulatory outcomes and fosters an environment of transparency and trust within their management hierarchy.

Skills / Experience:

Deep understanding of regulatory, compliance and risk related matters in region.

Knowledge of the financial services industry, especially asset servicing, wealth management and banking, and the regulatory environment in which they operate including regulatory themes emerging within industry.

Strong attention to detail and analytical skills to collect data and find fact patterns that may drive policy development and risk management.

Great skills across communication, facilitation, interpersonal, conflict resolution, team building, coaching members on practices, framework, ability to teach/train etc.

Ability to establish trust-based relationships with stakeholders across enterprise, lead them towards common objectives and managing upwards and downwards (e.g., experience with acting as a constructive conduit between business and non-business teams?).

Strong problem-solving skills, organizational skills and time management skills.

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