Head of UK Legal Entity Compliance Oversight

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.

About the Role:

International Compliance, a unit which forms part of Global Compliance and Corporate Risk, is entrusted with providing regulatory advice and assurance to senior management, boards, relevant committees, regulators and clients and ensuring Northern Trust (“NT”) meets its regulatory obligations at all times.

This role is to act as the second line of defence, and Head of the UK Legal Entity Compliance Oversight function. Provide leadership and guidance in relation to the the activities of all products & services (excluding capital markets) impacting our UK Asset Servicing and Global Family Office (GFO) businesses.

This team sits within the International compliance & financial crime function and the role reports into the International Chief Compliance Officer & UK Asset Servicing entities SMF 16.

Great exposure to senior internal stakeholders, regulators and various industry bodies.

UK REGULATORY APPROVED ROLES:

Certified Person – TNTC-LB, NTGS SE UK & NTISL

Relationships:

Direct UK reports (4):

• Specialist, Compliance x 3
• Analyst, Compliance

Internal key stakeholders:

• EMEA & UK heads of Asset Servicing businesses (GFS, AO, GFO)
• EMEA head of Sales
• Global Head of Capital Markets
• Head of Compliance, International
• EMEA Executive Management
• Global Compliance Management
• EMEA Conduct Office
• Regional Compliance and Risk Managers
• Entity SMFs

External key stakeholders:

• Regulators including FCA, PRA
• Industry associations

The main responsibilities of the role include:

• Delegated authority of the prescribed responsibilities from SMF16 to oversee the TNTC-LB, NTISL & NTGS SE UK Compliance in line with regulatory expectations;
• Provide consultative support and guidance to the UK Business, covering all Asset Servicing products, and Sales and Marketing activities
• Pro-actively produce and take ownership for Compliance reporting on to Senior Management, Boards, Committees and Risk & Compliance Management for consideration, using a legal entity, regional and global lens as required.
• Look for efficiencies in the compliance programme reducing duplication, removing siloed thinking & look for automation & simplification wherever practicable.
• Work in partnership with the wider Compliance and Controls teams, especially Risk, Legal, Conduct Office, Operational Resiliency Office and the CASS Office;
• Be a constructive & vocal member of the EMEA Compliance leadership team.
• Set the compliance objectives and initiatives for the UK team including:
• Input into and oversee the execution the Compliance programme for the businesses as directed by the Head of Compliance International
• Ensure the timely development and maintenance of the list of regulatory rules, guidance, controls and risk ratings that relate to the businesses;
• Support the creation and maintenance of Compliance policies and standards, and the development and delivery of training to partners;
• Monitor and assess on a day to day basis the adequacy and effectiveness of the measures, controls and procedures put in place by the business to address the company’s compliance with its regulatory obligations;
• Attend relevant business, compliance and governance meetings and provide the compliance view of the business;
• Support the Regulatory Change Framework and the business to monitor regulatory developments, including industry thinking and guidance;
• Manage the resources within the team, ensuring that the structure & responsibilities allows for team-work, efficiency and exposure, learning & growth opportunities for all members of the team.

Skills/ Experience Required:

• Strong experience in Compliance in a senior position at a major asset servicing/ investment management firm or experience working in a senior position within a professional services firm or experience working at a relevant regulator;
• Solid Asset Servicing business knowledge.
• Experience in managing and leading a team, including remote management;
• Be an SME on UK regulation impacting Asset Servicing, including CASS, COLL, COBS, BCOBS, DSGD, PROD, PSR, and SEPA rules, with the ability to interpret business and operational impact where the business model or regulations change;
• Experience of working within a global compliance team would be advantageous;
• Experience in regulatory exams and audit management preferable

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 [email protected].

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.

Read Full Description