Regulatory Risk Managment Specialist - Chicago, United States - Northern Trust Corp.

Northern Trust Corp.

Verified Company

Chicago, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

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.

REGULATORY RISK MANAGEMENT SPECIALIST

Role:

The role supports the EMEA/APAC/NA senior leaders to identify and oversee areas of regulatory change and remediation, working alongside other Regulatory Risk Management Specialists to ensure alignment on implementation and regulatory sustainability in BAU.

This role will also support the reporting of regulatory risk management readiness and areas of potential risk to senior business leaders.

Department:

The Regulatory Risk Management team is responsible for the governing frameworks and accountability models that are in place to assess and understand current regulatory obligations, mitigate regulatory risk, and enable compliance with new and existing regulations.

The team focuses on the development, adoption and oversight of activities, framework and accountability models related to the management of regulatory risk across the business and supports this mandate across four key pillars:

Regulatory Framework & Governance
Regulatory Change Oversight
Regulatory Risk Management
Regulatory Strategy & Sustainability

The key responsibilities of the role include:

Actively support the embeddedness of the regulatory change framework and relevant regulatory accountability models across the business.
Partner with relevant regulatory stakeholders within the business and across all Lines of Defense to understand the applicability of the regulatory landscape, understand how regulatory risk is managed and support requirements to adhere to applicable regulations.
Collaborate with operational leaders to quickly identify and create effective and sustainable solutions for resolving regulatory risk issues.
Contribute to the production and review of appropriate Regulatory Risk Management metrics, ensuring their accuracy and relevance in supporting the Regulatory Risk Management strategy.
Identify, validate and oversee remediation of "hotspot" areas of regulatory risk impacting Asset Servicing as a result of assurance findings and issues consequent to regulatory change implementations.
Contribute to the wider Regulatory Risk Management team and communication to business stakeholders.
Advise on opportunities identified to enhance the effectiveness and efficiencies in processes underlying the RCF
Assists management in achieving Company's strategic goals.

Skills / Experience:

Previous experience in a regulatory or compliance environment
Strong analytical skills, able to present and interpret data to 'tell the story'
Ability to connect the dots across functional lines and think out of the box
Ability to identify problems, develop and communicate solutions
Able to manage the detail and drive execution while maintaining a strategic view
Deliver results to tight deadlines
Excellent communication skills (both written and oral) to interact and manage expectations with senior level audiences, stakeholders and management
A strong and proven ability to analyze, break down and explain complex issues in nontechnical language
Highly flexible and adaptable to change, with a positive attitude and vision to continually enhance / strengthen current status quo
Demonstrable ability to influence and persuade others (e.g. peers, partners, senior management and external parties) to implement change, strategy and decision making in a diverse and matrix environment

LI-MG1

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 purpose.

Reasonable accommodation

We hope you're 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.