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Consultant, EMEA Compliance Testing (Second Vice President)

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Northern Trust Corporation

1mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Legal
    Banking & Finance
  • Manila

AI generated summary

  • You need compliance experience, a graduate degree, knowledge of EU regulations, strong problem-solving skills, attention to detail, and excellent communication abilities to advise management.
  • You will conduct compliance testing, document findings, engage with SMEs, validate results, track issues, collaborate with Internal Audit, and build relationships across compliance functions.

Requirements

  • Proven experience related to compliance, compliance testing/monitoring or auditing
  • Educated to graduate (or equivalent)
  • Knowledge of EU regulations and key regulatory developments would be an advantage
  • Highly motivated individual who has a proven record of using initiative to resolve problems
  • Analytical ability to identify and understand problems as well as to provide effective solutions
  • Excellent written and oral communication skills
  • Attention to detail
  • Confidence and expertise to advise and challenge senior management and the business
  • Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved
  • Ability to deal effectively with multiple competing deadlines

Responsibilities

  • Independently establish the appropriate scope and test steps for individual reviews
  • Conduct and document testing reviews to assess compliance with and adherence to regulations/legislation and internal policies
  • Engage with Compliance SME's to understand any matters for concern related to applicable reviews
  • established EMEA and Global policies, procedures and standards for testing activities
  • Apply analytical skills to review information and determine potential weaknesses or exceptions to policies / processes
  • Validate and summarise testing results in clear, concise language
  • Detect and advise Compliance and Business Unit management of potential compliance issues and identify changes and/or enhancements to improve efficiencies in procedures
  • Tracking of identified issues to closure via periodic up with action owners
  • Validation testing to ensure actions have been adequately closed
  • Develop relationships with Internal Audit to coordinate testing efforts and share results
  • Conduct meetings with business unit partners and management to discuss testing results and where applicable challenge management responses
  • Support the Regional Manager with ad hoc tasks
  • Work effectively as an individual contributor as well as in a team environment
  • Develop strong relationships with the first, second and third lines of defence

FAQs

What is the job title for this position?

The job title is Consultant, EMEA Compliance Testing (Second Vice President).

What type of company is Northern Trust?

Northern Trust is a Fortune 500 company that operates as a globally recognized financial institution, providing innovative financial services and guidance.

What does the EMEA Compliance Testing team do?

The EMEA Compliance Testing team conducts risk-based assessments and validations to ensure regulatory compliance within the organization.

What are the key responsibilities of the Consultant in this role?

The Consultant will independently plan and execute compliance reviews, document findings, engage with Compliance SMEs, and communicate results to management.

What qualifications are required for this position?

Candidates should have proven experience in compliance, compliance testing/monitoring, or auditing, and should ideally possess knowledge of EU regulations.

What skills are needed for this role?

Key skills include analytical ability, attention to detail, excellent communication skills, and the capability to manage multiple competing deadlines.

Is experience in compliance necessary for this position?

Yes, proven experience related to compliance, compliance testing/monitoring, or auditing is required for this role.

Will the Consultant need to engage with senior management?

Yes, the Consultant will need to have the confidence and expertise to advise and challenge senior management on compliance issues.

How does Northern Trust support career development?

Northern Trust encourages movement within the organization, provides access to senior leaders, and commits to employee development.

Are reasonable accommodations provided for individuals with disabilities?

Yes, Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities throughout the employment process.

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Northern Trust Corporation

Dynamic careers. Brighter futures. Greater possibilities.

Finance
Industry
10,001+
Employees
1889
Founded Year

Mission & Purpose

Northern Trust is a leading global financial services company that offers a comprehensive range of asset servicing, investment management, and banking solutions to individuals and institutions. With a strong emphasis on client-focused services, Northern Trust aims to build enduring partnerships with their clients by providing tailored solutions and exceptional customer experiences. Their expertise in asset management, wealth management, and asset servicing enables them to deliver innovative and reliable financial solutions that help clients grow, preserve, and manage their wealth effectively. As a trusted financial partner, Northern Trust's purpose is to empower their clients to achieve their financial goals and navigate the complexities of the global financial markets with confidence and peace of mind.