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. 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 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. Key Responsibilities 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 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 experience in 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. Confident and capable to advise management and the business Experience providing compliance advisory and operational support Proactive with minimal supervision Strong organizational skills, a collaborative approach, and interpersonal skills Ability to manage multiple deadlines, attention to detail Expanded conceptual knowledge in own job discipline Understanding of key business drivers and ability to apply to own work Ability to explain complex information in straightforward terms The Successful Candidate Would Benefit From Having College or university degree and/or relevant proven work experience 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 help us 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 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 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. For further information, and to apply, please visit our website via the “Apply” button below. #J-18808-Ljbffr