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.
Role
The Global Regulatory Affairs Office (GRAO) is responsible for overseeing the enhancement of our risk management and controls, remediation of regulatory and audit findings and the administration of regulatory affairs, including establishing a centralized and sustainable connection point for global regulatory communications, ensuring preparedness for examinations.
This Regulatory Risk & Oversight Manager role sits within the GRAO with primary responsibility for providing leadership and subject matter expertise across a multi-year regulatory and risk program necessary to execute GRAO strategy. This role will report into the Program Sponsor for a key program with a focus on compliance and legal risk.
The Regulatory Risk & Oversight Manager will lead key pillars of the Program, which involves delivery of critical strategic enterprise capabilities that impact multiple business units and disciplines. This role is responsible for executing against the Pillars and supporting the creation of a blueprint for how Northern Trust manages compliance and legal risk with a particular focus on risk and rules inventories, rule applicability and rule mapping linking into Compliance Risk Assessments.
The ideal candidate will have a track record of leading complex projects and transformation, with deep compliance and risk knowledge and working with diverse, cross-functional teams and stakeholders across the organization.
Principal Responsibilities
The key responsibilities of the role include:
- Responsible for supporting the definition and leading the execution against the identified pillars of the Program as a named Program Lead.
- Over time identifying and managing a small global team who will enable execution of the new frameworks, working closely with third party consultants and legal advisors.
- Collaborating with stakeholders across all lines of defense, multiple business units and senior management to identify and create effective and sustainable solutions for managing compliance and legal risk
- Lead Working Group meetings to support transformation and maintains efficient and appropriate governance to enable successful outcomes
- Manage the pillars and deliverables with a forward-looking mindset, i.e., proactively anticipate any potential issues, prevent them and/or define pragmatic contingency plans.
- Develop and control deadlines and activities pertaining to the supported pillars.
- Proactively manage dependencies, 'reusable assets' (components of the solution that have been already built elsewhere), roadblocks and learning points (i.e., milestones defined to resolve any uncertainty that the team might be dealing with).
- Timely escalate and relentlessly pursue resolution of any roadblocks with a clear, end-to-end ownership mindset.
- Ability to communicate effectively with developers, data architects and infrastructure resources to ensure there is a clear and concise understanding of requirements and acceptance criteria to ensure the frameworks and operating model are technology...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
