Associate Consultant, Compliance

Overview

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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 time between 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

Key Responsibilities

• Reviews and interprets laws, regulations and internal policies/procedures to develop testing plans and testing scope that validate regulatory implementation.
• Executes the annual GCT RCV plan by conducting validation reviews, working closely with the manager and meeting scheduled deadlines.
• Performs reviews within the defined deadlines and scope, considering global, regional, and local requirements; liaises 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 testing policies, procedures and standards and documents testing activities.
• Delivers work products with minimal revisions and participates in applicable training.
• Validates and communicates results clearly and escalates key risks in a timely manner.

Skills and Qualifications

• Clear, concise verbal and written communication.
• Experience related to monitoring/testing, including planning tests, ideally in compliance testing, operational risk, or internal/external audit.
• General knowledge of bank regulations; knowledge of payments, market abuse, privacy, AML, Sanctions, and fraud is a plus.
• Understanding of regional regulations and applicable laws.
• Preferred knowledge of Custody, Asset Servicing, FX, Fund Administration, Fiduciary, Brokerage, or corporate governance topics.
• Ability to advise management and the business with confidence and expertise.
• Experience providing compliance advisory and operational support.
• Proactive, able to work with minimal supervision; strong organizational and interpersonal skills.
• Ability to manage multiple deadlines and pay attention to detail.
• Expanded conceptual knowledge in the discipline and understanding of key business drivers.

Beneficial Qualifications

• Provides informal guidance to new team members.
• A college/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 serving communities. We welcome your interest and experience to see if you're a fit for 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

Apply today and talk to us about your flexible working requirements.

Application Details

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

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Consulting
• Information Technology
• Sales

Industries

• Accounting

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