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Analyst, Compliance (APAC Compliance Testing)

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Risk Management/Compliance
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72165 Requisition #
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About Northern Trust

 

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

 

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

 

As of June 30, 2018, Northern Trust Corporation had:

 

$135 billion in banking assets
$8.1 trillion in assets under custody
$10.7 trillion in assets under custody/administration
$1.1 trillion in assets under management

 


Role Overview


Global Compliance Testing (GCT) forms part of Global Compliance and Corporate Risk function and is entrusted with testing Northern Trust’s compliance with its regulatory obligations in the locations we operate.  The GCT function works closely with in-country and subject matter compliance, ensuring appropriate and consistent application of the GCT program.  

 

As part of the Asia Pacific compliance team, this role is tasked with the execution and active management of independent testing reviews for the APAC region, ensuring targeted testing of regulatory obligations.  GCT operates in the second line of defence and assists in the evaluation and implementation of the Northern Trust Compliance model.  The Compliance function is responsible for ongoing oversight and reporting regarding regulatory obligations to senior compliance and business management. 


This role will report to the APAC Head of Global Compliance Testing.  


 

Responsibilities

 

  • Conducts and documents independent compliance testing for Northern Trust, financial services regulated entities within the APAC region, including the identification of testing requirements 
  • Implements and enhances the APAC GCT program in coordination with local, regional and global GCT partners and regional compliance functions
  • Executes the annual APAC GCT plan by conducting GCT testing, working closely with manager and meeting scheduled deadlines
  • Performs reviews within the deadlines and scope outlined and agreed while considering both global and regional requirements as well as local policies and regulations
  • Follows established policies, procedures and standards for testing, including appropriately documenting testing performed
  • Apply analytical skills to identify potential gaps or areas for control enhancement within the first and second lines of defense
  • Validates and communicates results in clear, concise language, escalating key risks in a timely manner
  • Tracks issues identified and conduct risk-based testing of solutions implemented
  • Partner with Audit senior management, business partners and relevant compliance functions to coordinate GCT testing
  • Develop strong relationships with Business Units
  • On an ad hoc basis, advise business partners on applicable laws, regulations, rules, standards and best practices which may impact their business
  • Works closely with global and regional GCT teams as required
  • Works in partnership with the wider Manila and APAC Compliance, Risk and Controls teams
  • Produces and analyze GCT reports and data for internal committees and boards
  • Attends training and information sessions to continue to build knowledge regarding the regulatory environment and to enhance personal development
  • Prefers knowledge of Custody, Asset Servicing, FX, Fund Administration, Brokerage businesses as well as corporate governance such as outsourcing and bank secrecy requirements.  

 

 

Qualifications

 

  • Fluent in English and ability to communicate in a clear, concise and effective manner (verbal and written)
  • Experience related to monitoring/testing experience including operational risk expertise
  • General knowledge of bank compliance regulations is required; knowledge of specific topics such as payments, market abuse, privacy, AML, ABC, Sanctions, fraud is a plus
  • Understanding of APAC regional regulations (e.g., MAS, SFC, JFSA, APRA, ASIC, Korean FSC / FSS, CBIRC / PBOC) and relevant laws
  • Confidence and expertise to advise management and the business
  • Experience providing compliance advisory and operational support
  • Ability to use initiative and work unsupervised in a proactive manner
  • Strong organizational skills, a collaborative approach to work, with strong interpersonal skills
  • Ability to deal effectively with multiple competing deadlines
  • Attention to detail
  • 3-5 years of related experience 

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement