Associate Consultant, Compliance

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.

Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need and the successful candidate will spend their time between working in the office and working from home.

Role:

The Global Compliance Testing (GCT) - Regulatory Change Validation (RCV) team conducts reviews to validate implementation effectiveness of new regulations and/or changes to existing regulations. The Associate Consultant plans and executes validation testing in line with applicable regulations, documenting results and communicating these results to management.

Shift: 4pm - 1am

The key responsibilities of the role include:

• Reviews and interprets laws, regulations and internal policies/procedures for the purpose of developing appropriate testing plans. Develops testing scope to validate compliance with the implementation of regulatory requirements.
• Executes the annual GCT RCV plan by conducting validation reviews, working closely with the manager and meeting scheduled deadlines
• Performs reviews within the deadlines and scope outlined and agreed while considering both global and regional requirements as well as local policies and regulations. Direct liaison with Business Unit Managers and Risk and Compliance Partners.
• Applies analytical skills to identify potential gaps or areas for control enhancement within the first and second lines of defense.
• Follows established policies, procedures and standards for testing, including appropriately documenting testing performed.
• Delivers a work product that requires less revision.
• Participates in all applicable training.
• Validates and communicates results in clear, concise language, escalating key risks in a timely manner.

Skills/Qualifications:

• Requires ability to communicate in a clear, concise and effective manner (verbal and written).
• Requires experience related to monitoring/testing, including planning of tests, ideally gained through experience in compliance testing, operational risk or internal/external audit
• General knowledge of bank compliance regulations; knowledge of specific topics such as payments, market abuse, privacy, AML, Sanctions, fraud is a plus.
• Requires understanding of regional regulations and relevant laws.
• Preferred knowledge of any of the following: Custody, Asset Servicing, FX, Fund Administration, Fiduciary, Brokerage businesses as well as corporate governance such as outsourcing and bank secrecy requirements.
• Displays confidence and expertise to advise management and the business
• Requires experience providing compliance advisory and operational support
• Requires proactivity and minimal supervision
• Displays strong organizational skills, a collaborative approach to work, with strong interpersonal skills
• Deals effectively with multiple competing deadlines
• Requires attention to detail
• Requires expanded conceptual knowledge in own job discipline
• Understands key business drivers; uses this understanding to accomplish own work
• Explains complex information to others in straightforward situations

The successful candidate would benefit from having:

• Provides informal guidance to new team members
• A College or University degree and/or relevant proven work experience is required
• 3-5 years of related experience

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.
Job ID R123643 ABOUT COMPANY Northern Trust Company Melbourne, Australia 22000 Employees Private Banking / Wealth Management

As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the worl..