Central Bank Governance Specialist

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.

We are recruiting for a Specialist to join our global Central Bank Governance group as in individual contributor in Tempe AZ.

The group performs oversight of Northern Trusts central bank payment scheme memberships ensuring scheme rules and requirements are adhered to on an ongoing basis including annual scheme membership assurance.

As a payment scheme expert the successful candidate provides proactive leadership and guidance to strengthen controls ensure compliance and mitigate operational risk. This individual provides operational strategies to minimize risk and assure compliance with relevant legislation and addition they will provide consultation and advice to partners regarding controls and regulatory considerations.

Working Model: 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.

Major Duties

• Oversight of Northern Trusts adherence to applicable payment scheme rulebooks and access requirements including the Nacha Operating Rules (ACH) The Clearing House CHIPS Rules and Administrative Procedures (CHIPS) Federal Reserve Operating Circulars applicable to Fedwire/FedACH and FedLine Solutions security requirements and other schemes as required.
• Serving as a subject area expert on payment scheme rules.
• Ensure amended and new scheme rules & regulations are implemented into our processes and procedures in a timely manner including the mapping and updating of regulatory rules.
• Ensure that procedures are in place (and are being followed) to demonstrate & evidence payment scheme requirements.
• Ensure robust preventative and detective controls are in place well designed and operating effectively for business functions and drive recommendations to strengthen control.
• Participating in and sharing lessons from the central bank working groups
• Contribute to review of incident reports to ensure true root cause and payment scheme impacts are understood actioned and resolved.
• Build and maintain relationships with different stakeholders including Control Resiliency Office Regulatory Oversight Risk Compliance and Audit
• Act in capacity of facilitator for payment scheme audits and regulatory examinations where applicable.
• Ability to manage and work with various MI and data sets; ensuring timely completion of MI and other ad-hoc reports as required.
• #LI-GG1
• #LI-Hybrid

The ideal candidate should have a fair amount of the following skills:

• Payment scheme operations or risk management experience ideally from a bank / investment bank / custody bank background.
• Strong critical thinking and attention to detail with the ability to go deep to understand processes controls and regulatory / scheme requirements.
• Ability to systematically assess and challenge existing processes whilst managing multiple priorities and delivering to deadlines.
• Data-driven mindset - uses MI and data to measure performance manage risk and prioritize actions
• Strong Microsoft 365 digital fluency including SharePoint and collaboration practices (e.g. maintaining control artefacts checklists and evidence repositories) plus Teams/OneDrive and Excel-based MI.
• Demonstrated AI fluency and applied use of Microsoft 365 Copilot including experience building lightweight agents/automations (e.g. via Copilot agent capabilities / Copilot Studio or similar) to improve productivity insight generation and reporting outcomes.
• Clear confident communicator - able to listen interpret and convey complex topics with impact (verbal and written) to varied audiences.
• Collaborative partner with strong stakeholder-management skills able to work across business units and geographies and build effective relationships internally and externally (as appropriate).
• Knowledge of global payment scheme obligations e.g. ACH CHIPS Federal Reserve services CHAPS RITS T2 SEPA etc.
• Self-starter able to operate independently in a fast-paced dynamic and demanding environment.
• Relevant industry qualifications (or progress towards them) are a bonus.

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.

About Our Tempe Office

The Northern Trust Tempe office opened in 2015 with 75 employees and now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value quality expertise and innovation through our diverse talent.Learn more.