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.
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. This Compliance Governance & Policy Manager role sits within the GRAO with primary responsibility for providing leadership and subject matter expertise across a multi-year regulatory and risk program. This role will report into the Program Sponsor for compliance and legal risk.
The Compliance Governance & Policy Manager will lead key pillars of the Program, which involves delivery of critical strategic enterprise capabilities for compliance and legal risk governance, policies, and standards, which connect into Northern Trusts rule and obligation applicability, Rule Inventory and Risk Inventory.
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.
The key responsibilities of the role include:
- Responsible for supporting the definition and leading the execution for the Governance and Policy workstreams for compliance and legal risk as a named Program Lead, within the Program.
- Over time managing a small global team who will enable execution of the new frameworks.
- Support Second Line of Defense (2LOD) compliance and legal risk management to develop and maintain governance oversight of issues of non-compliance, including escalation to the Global Enterprise Risk Committee. This will include working closely with Risk, Compliance, Legal and the First Line of Defense (1LOD) subject matter experts and delegated / connected governance fora.
- Work with Risk, Compliance and Legal subject matter experts to develop and maintain policies, standards, guidelines etc that can then be operationalised by 1LOD to develop controls to efficiently achieve risk management goals and policy objectives.
- Lead Working Group meetings to support transformation of and maintains efficient and appropriate governance to enable successful outcomes.
- Assist in developing, design, implementation, and support compliance and legal risk management framework, including but not limited to: Risk governance and controls, organization structure, policies, and procedures, three lines of defense, risk measures and metrics (risk appetite and limits, monitoring and escalation)
- 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.
- Maintain familiarization and technical expertise across the firm including regulatory change, organizational structure, personnel, activities and products, new product development, financial performance and risk and problem areas.
- 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),...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
