Technical Regulatory Specialist

Description:

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.

This is an exciting opportunity within the recently-established Regulatory Risk & Oversight Office in Asset Servicing.

The Regulatory Risk & Oversight Office oversees the management of regulatory risk across Asset Servicing.

It provides governance and oversight of the frameworks that enable understanding of regulatory obligations, mitigation of regulatory risks and compliance with regulations applicable to Asset Servicing. The Regulatory Risk & Oversight Office design supports this mandate across four key pillars: i) Regulatory Framework & Governance, ii) Regulatory Change Oversight, iii) Regulatory Risk Management, and iv) Regulatory Strategy & Sustainability.

The Technical Regulatory Specialist supports both the Regulatory Change Oversight and Regulatory Risk Management pillars, connecting the dots across regulation applicability and compliance. The role reports to the Regulatory Framework & Governance Pillar Lead.

Additional Responsibilities Include
 

• Responsible for collaborating with regulatory subject matter peers across all Lines of Defense to strengthen understanding and rationale around regulatory interpretation and offer respectful review and challenge
• Provides clear guidance and documentation to Asset Servicing stakeholders around initial applicability and regulatory interpretation, in alignment with corporate regulatory change management framework and process
• Represents Asset Servicing stakeholders and the Regulatory Risk & Oversight Office at appropriate interpretation and scoping working groups, to determine Asset Servicing’s actions to achieve necessary levels of compliance during regulatory implementations or remediation
• Maintains clear documentation and audit trails around interpretation and traceability for future reference, particularly in the event of independent review by Audit, Compliance or Regulators
• Serves as a key contributor to continuous improvement on the framework and governance models underpinning regulatory risk to maintain the strategy and sustainability
• Serves as an individual contributor who takes ownership of activities but solicits support as needed to drive successful regulatory outcomes and fosters an environment of transparency and trust within their management hierarchy