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.
Head of Regulatory Assurance Hub
SUMMARY
This is an exciting opportunity within the newly-established Global Regulatory Change, Framework & Oversight (GRCFO) team, part of the enterprise Global Regulatory Affairs Office. The GRCFO oversees the enterprise management and delivery of regulatory change, providing governance and oversight of the frameworks that enable understanding of regulatory obligations, mitigation of regulatory risks, and compliance with applicable regulations. The GRCFO design supports this mandate across three key pillars: i) Risk & Regulatory Frameworks, ii) Regulatory Change Portfolio, iii) Regulatory Assurance Hub. This role leads the Regulatory Assurance Hub pillar - a high-functioning team focused on risk & regulatory quality assurance, and adherence to the risk & regulatory frameworks through independent quality assurance management.
The will own and manage the guard rails for regulatory quality assurance, primarily as a result of the implementation of regulatory change. This role is responsible for the design and development of the regulatory assurance methodology as it relates to the corporate Regulatory Change Framework (RCF), including reporting and escalation protocols and administration of the verification hub and the regulation evidence contained therein.
The role will provide independent review of alignment to the RCF and associated regulatory operationalization, as well as oversee periodic confirmation of on-going compliance to ensure that all evidence is appropriate at the point of implementation and continues post-implementation.
The ideal candidate will have a well-practiced understanding of regulatory frameworks and a track record of assurance review, testing and reporting as it relates to regulation, in addition to broad demonstration of developing and leading high-performing teams, working with diverse, cross-functional teams, and facilitating reporting needs from stakeholders across the organization.
This role will report to the Head of Global Regulatory Change, Frameworks & Oversight.
PRINCIPAL RESPONSIBILITIES
- Coordinate enterprise-wide periodic confirmations related to continued regulatory compliance
- Serve as a lead point of contact for assurance reviews outside of the GFCFO, such as Audit and Global Compliance Testing, etc. to communicate reporting results and self-identified findings
- Create infrastructure to support lines of defense in regulator examinations related to regulations Initial lead for regulator exams related to regulations, working with the wider GRAO organization
- Develop a risk-based assurance program and methodology to verify evidence and alignment to the RCF, enabling this methodology to be leveraged across the enterprise
-
Establish and implement a strategy for verification and repository automation,...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
