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

Hybrid working model: we have a balanced approach to provide flexibility, with the successful candidate spending 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 the 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.

Responsibilities

• Reviews and interprets laws, regulations and internal policies/procedures to develop appropriate testing plans and testing scope to validate compliance with regulatory requirements.
• Executes the annual GCT RCV plan by conducting validation reviews, partnering with the manager, and meeting scheduled deadlines.
• Performs reviews within the defined deadlines and scope, considering global, regional, and local requirements; liaises directly 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 documenting testing performed.
• Delivers work products that require minimal revision.
• Participates in all applicable training.
• Validates and communicates results in clear, concise language, escalating key risks in a timely manner.

Skills/Qualifications

• Ability to communicate in a clear, concise and effective manner (verbal and written).
• Experience related to monitoring/testing, including planning of tests, ideally gained through compliance testing, operational risk or internal/external audit.
• General knowledge of bank compliance regulations; knowledge of topics such as payments, market abuse, privacy, AML, Sanctions, fraud is a plus.
• Understanding of regional regulations and relevant laws.
• Preferred knowledge of Custody, Asset Servicing, FX, Fund Administration, Fiduciary, Brokerage, or corporate governance such as outsourcing and bank secrecy requirements.
• Confidence and expertise to advise management and the business.
• Experience providing compliance advisory and operational support.
• Proactivity with minimal supervision.
• Strong organizational skills, collaboration, and interpersonal abilities.
• Ability to manage multiple competing deadlines and attention to detail.
• Expanded conceptual knowledge in own job discipline and understanding of key business drivers to inform work.
• Ability to explain complex information in straightforward terms.

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, you will be part of a flexible and collaborative work culture in an organization where financial strength and stability support exploring new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to the communities we serve.

We’d love to learn 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.

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

We value an inclusive workplace and understand flexibility means different things to different people. Apply today and discuss your flexible working requirements with us.

For further information, and to apply, please visit our website via the “Apply” button below.

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