Head of Compliance PCF 12

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 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.

Role/ Department:

As the Pre-Approval Controlled Function (PCF) Head of Compliance (PCF-12) subject to Central Bank of Ireland (CBI) approval the individual would be responsible for executing the day-to-day Head of Compliance responsibilities for the Northern Trust Company Ireland Branch (TNTC-IB - *subject to CBI authorisation*).

The role is designated as a Material Risk Taker (MRT).

Responsible for the design setting the tone and direction for the Compliance programme managing the activities of the Compliance Function resource and providing guidance on compliance issues for the entity. As part of the senior management team provide leadership and guidance to the planning organisation direction and control of the activities in the Compliance function for TNTC-IB.

The key responsibilities of the role include:

• Extensive compliance regulatory or risk experience with the ideal candidate having worked within a credit institution and having a strong banking knowledge and an understanding of to how they operate

• Execute the day-to-day Head of Compliance responsibilities for TNTC-IB in accordance with the PCF-12 Statement of Responsibilities

• Implementation of the NT Compliance Risk Framework for TNTC-IB This includes the areas of Compliance Risk Assessment Monitoring and Testing Regulatory Change Compliance Policies and Management Reporting

• Monitoring and on a regular basis the adequacy and effectiveness of measures and procedures put in place to detect any risk of failure by the branch to comply with its regulatory and supervisory obligations as well as associated risks

• Advise and assist the relevant persons responsible for carrying out regulated activities to comply with the branchs regulatory obligations

• Ensuring the compliance function has the necessary authority resources expertise and access to all relevant information

• Ensuring the relevant persons involved in the compliance function should not be involved in the performance of services or activities they monitor

• Ensuring the method of determining the remuneration of the relevant persons involved in the compliance function should not compromise their objectivity

• Manage the relationship with the CBI and serve as the primary point of contact for exams and all other regulator engagement;

• Responsible for regulatory oversight at the Corporate level of Compliance policy development and/or evaluation of regulatory policies and procedures

• Point of contact for regulatory examinations for TNTC-IB and internal and external audits of Compliance-related topics

• Deliver the annual Compliance Programme of work for the legal entity

• Have a full understanding of the TNTC-IB strategy business operations regulatory landscape and industry trends

• Work closely with the TNTC-IB Management Committee and Senior Management team serving as compliance representative at relevant governance forums and ensuring independence from the first line of defence

• Act as trusted advisor providing constructive engagement and challenge on core activities and advising on group-wide compliance initiatives impacting the legal entity

• Act as subject matter expert on all regulations impacting the legal entity

• Advise business partners including senior management on compliance with applicable laws rules and standards including keeping them informed on developments with business procedures and processes

• Oversees the development of Compliance programs

• Partners with senior management to identify Compliance programs which should require training as well as the partners who should take certain training

• Establish written guidance on compliance with and implementation of applicable laws rules and standards. This includes policies and procedures and other documents such as Compliance manuals internal codes of conduct and practice guidelines

• Identify document and as necessary escalate Compliance risks associated with the Companys activities

• Oversee the development of Compliance risk metrics to enhance Compliance risk assessments and assess the appropriateness of the Companys Compliance procedures and guidelines

Culture:

• Working with the TNTC-IB Management team develop and maintain organisational culture values and reputation in the market and with all partners clients suppliers counterparties and regulatory bodies

• Set the tone from the top for TNTC-IB through creating a culture where everyone has ownership and responsibility for doing the right thing in accordance with the Central Bank (Individual Accountability Framework) Act 2023

• Act as a role model and demonstrate behaviours in a way that is aligned to the global conduct framework and enforces the values and ethical standards of the business.

Skills/Qualifications

The successful candidate will benefit from having:

• Thorough knowledge of applicable laws and regulations Compliance-related requirements and risk mitigation techniques usually acquired through formal education and experience is required to manage the function

• Leadership and organizational skills are required to manage the function and to direct their activities

• Able to think strategically navigate and communicate effectively across a complex organisation

• Analytical and communication skills are required to review laws/regulations and assess impact of new regulations and work with line areas to oversee and manage Compliance activities.

• Extensive compliance regulatory or risk experience with the ideal candidate having worked within a credit institution and having a strong knowledge of how they operate

• Successful track record in delivering a compliance program for a regulated entity

• Experience in managing the relationship with the Central Bank of Ireland or other regulator

• Able to think strategically navigate and communicate effectively across a complex organisation

• Highly motivated and resilient

• Excellent verbal and written communications skills with strong attention to detail

• Confident in making decisions and addressing conflict

• Highly flexible and adaptable to change

Note: This role will be subject to the Senior Executive Accountability Regime (SEAR) which imposes a legal Duty of Responsibility on persons carrying out this Pre-Approval Controlled Function (PCF) role.

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 and apply 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.