at Northern Trust Company in Chicago, Illinois, United States
Job Description
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 Position)
We are adding to our team! Searching for a Senior Consultant Compliance- Testing!
The Senior Consultant, Compliance designs and performs testing procedures to assess the level of adherence with laws and regulations as well as bank compliance processes. This includes the review and interpretation of current and proposed laws and regulations. Provides consultation and advice to partners regarding compliance and risk avoidance.
The key responsibilities of the role include:
- Reviews and interprets laws, regulations and internal policies/procedures for the purpose of developing appropriate testing plans.
- Verifies through execution of the Testing Program, that activities meet federal, state and/or local legal and regulatory requirements and regulations. Prepares reports detailing the results of testing performed. Validates issue remediations presented for issue closures.
- Advises business partners on compliance matters as requested. Recommends appropriate procedural changes when necessary.
- Identifies situations which pose significant risk and guides management in developing policies and/or procedures that minimize risk.
- Interacts with business partners and internal auditors on regulatory topics.
- Serves on internal and external groups to provide and receive advice on industry trends.
- Participates in internal and external training and forums on industry trends and compliance requirements.
- Consults with partners regarding daily decisions that could pose risk and conflict with existing policy. This includes analyzing and reviewing the results of Compliance Risk Assessments in determining appropriate testing.
- Operates independently; has an in-depth knowledge of Compliance risk avoidance.
- May lead projects, mentor junior level employees and review the work of others.
The successful candidate will benefit from having:
- In depth knowledge of one or more of the following: Capital Markets (Swaps), FATCA, Asset Management or Fiduciary/ERISA regulations
- Knowledge of applicable laws and regulations usually acquired through formal education or work experience
- Prior experience conducting internal audits or internal control reviews is preferred
- Excellent written and oral communication skills along with analytical skills are necessary to consult with partners/clients and analyze information and apply regulations.
- 5 or more years of compliance, risk management or equivalent related experience.
#LI-LK2, #LI-Hybrid
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...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
