London,
Northern Trust Careers
Requisition Number: 053838 Job Description: Founded in Chicago in 1889, Northern Trust is one of the world's leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices in more than 40 countries around the globe. We believe our most valuable asset is our engaged, empowered & diverse workforce. As a global institution, Northern Trust is committed to building upon this diverse talent through encouraging innovative thinking and personal courage in an inclusive environment. Northern Trust's commitment to diversity & inclusion is evident in our internal initiatives for which we have won several globally recognised awards. Knowledge/Skills:
Senior Compliance Consultant within a six person team operating in a successful international Asset Management firm.
The role offers excellent exposure to someone looking to further develop their career in an asset management based compliance role. The position will provide technical research and consultation to support compliance programs and activities in all of Northern's international units but with particular focus on Europe. Acting as a partner to both Compliance team members and managers and staff in the business units, the incumbent will provide consultation and advice on regulatory matters.
The key responsibilities of the role include:
· Analysis of regulatory risks relating to market facing activities, related trading operations, the security of client assets, investment processes (including fund compliance) and eligibility of investments across Funds. · Analysis of regulatory and market developments, applying new regulatory initiatives to business activities · Providing technical research and consultation to support compliance programs and initiatives Being familiar with Northern's strategy, businesses, clients and products in order to provide timely and accurate regulatory and compliance advice to business partners on regulatory requirements · Contributing to the Compliance Departments assessment of the regulatory risks faced by the business · Working with business partners to initiate change designed to help ensure compliance across the business · Assisting in the development of compliance related policies and procedures · Providing ad-hoc project support as required · Designing and delivering compliance training to the business · Providing wider compliance support (including on business projects) as agreed and appropriate · Good knowledge of CASS preferred and be able to provide advice on CASS rules and regulations · Providing compliance representation at client meetings both pitching for new business or as part of the ongoing client relationship. · Supporting senior members of the department in the identification, planning and execution of the Department's activities.
Major Duties:
The successful candidate will benefit from having:
· Detailed knowledge of FCA Handbook · Proven experience in advising and/or monitoring of asset management business · Strong background in and understanding of investment management products and services with in depth understanding of securities and both cash and derivatives market instruments · Prior experience in the interpretation and analysis of complex investment management agreements, investment management guidelines, and regulations · An understanding of the competitive global business environment as well as an awareness of economic, social, and political trends that impact the organization's global strategy · Client focus - demonstrates clear understanding of importance of effective customer service, internally and externally · Cultivates client relationships and ensures that the client perspective is the driving force behind all value added business activities · Analytical ability to identify and understand problems and provide effective solutions · Highly motivated individual who has a proven record of using initiative to resolve problems · Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved · Excellent verbal and written communication skills · Excellent organizational and analytical skills · Desire to stay in front of new business/regulatory developments.
The competencies that would be valuable for this role include:
· Communication, written and verbal · Client focused relationships · Time management · Decision making/judgement · Analytical skills · Persuading and influencing.
The Employee Experience - Life at Northern Trust. Joining us, you would benefit from a positive work culture, where we support our employees' efforts to balance work and home life, in part by offering access to a broad range of workplace support options including: flexible working; emergency family or child care support; professional mentoring; paid volunteering days and the opportunity to buy or sell additional leave.
Personal and professional growth - a world of opportunity. To support our Global business strategy, we have a number of Business Resource Councils committed to promoting diversity and inclusion and supporting employees in their personal and professional growth. We provide opportunities for networking, mentoring and personal and career development across demographic and geographic groups. In 2014, these groups were responsible for a broad range of personal and professional activities including, guest speaker thought leadership, elder care, nutrition for children, stress awareness day, language classes and religious and cultural celebrations to name a few.
Interested in giving back? Volunteerism, philanthropy, sound business practices and ethics in addition to a conservation-minded approach to protecting the environment; all are integral to Northern Trust's culture of caring and form the foundation of our corporate social responsibility (CSR). All employees are given 2 days paid leave to volunteer and support. Take a look our CSR report on our careers site to find out more.