Fiduciary Regulatory Risk Sr. Consultant

About Northern Trust:

Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

The Fiduciary Regulatory Risk Sr. Consultant is a key member of the second line of defense Global Fiduciary Risk Management team which is responsible for the identification of and advising on fiduciary risk and regulatory compliance issues as well as oversight of fiduciary risk management and fiduciary compliance programs in all Business Units (Wealth Management Asset Management and Asset Servicing) at Northern Trust.

Responsibilities of this role include ongoing oversight and reporting on fiduciary regulatory obligations and changes understanding and interpreting regulatory requirements and monitoring policy drafting training and other duties as assigned. This role will also require strong stakeholder management and the ability to consult with and advise senior management on an independent basis.

Key Responsibilities of the Role include:

• Advise and collaborate with partners in Risk Compliance Control Teams Legal and Business Units regionally and globally to identify fiduciary regulatory requirements and risks and monitor compliance with standards and regulations
• Advise business partners including senior management on Risk & Compliance programs and applicable fiduciary laws regulations rules and standards including keeping them informed of developments or changes that may affect their area
• Advise and participate in the establishment of written guidance on the appropriate implementation of fiduciaryCompliance programs and laws regulations rules and standards through policies and procedures and other documents
• Evaluate existing and proposed regulatory requirements and expectations against existing processes and controls to identify and escalate potential gaps or regulatory risks including providing recommendations on first line of defense procedural changes
• Keep abreast of industry trends regulatory changes and emerging risks to proactively identify potential threats and opportunities and evolve the fiduciary regulatory risk management framework to align with changing business and regulatory practices
• Communicate evaluate and advise on the implementation of regulatory changes where required
• Contribute to the production and review of appropriate Fiduciary Regulatory Risk Management metrics ensuring their accuracy and relevance in supporting the Fiduciary Risk Management strategy
• Participate in special projects as needed and perform other duties as assigned to support the Global Fiduciary Risk Management team and the Risk Management organization

Skills/Experience Required:

• Indepth knowledge of applicable fiduciary duties laws and regulations acquired through formal education and work experience is required
• Strong industry knowledge/background coupled with risk legal audit or compliance experience
• Strong organizational skills a collaborative approach to work with strong interpersonal skills
• Previous relevant experience in a regulatory or compliance environment preferred
• Ability to create enhance and maintain risk assessments for fiduciary activities
• Strong analytical skills ability to interpret and present complex data
• Ability to identify problems develop and communicate solutions
• Ability to manage the detail and drive execution while maintaining a strategic view
• Excellent communication skills (both written and oral) to interact and manage expectations with senior level audiences stakeholders and management
• A strong and proven ability to analyze break down and explain complex issues in nontechnical language
• Highly flexible and adaptable to change with a positive attitude and vision to continually enhance / strengthen current status quo
• Ability to operate effectively as part of a global team facilitating connectivity of the business and risk with regional and global stakeholders
• Project management skills preferred

#LILK2 #LI Hybrid

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and wellbeing benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply 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 .

We hope youre 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.