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APAC Head of Markets Compliance

📁
Risk Management/Compliance
📅
74079 Requisition #
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Who we are

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.

 

What we do

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.

 

What you will do

Markets Compliance forms part of Global Compliance and Corporate Risk function and is entrusted with ensuring identification, risk assessment and monitoring of all our regulatory obligations in the locations we operate.  Specifically, the Markets Compliance function covers:

  • FX businesses in Singapore, Sydney, Seoul and Beijing
  • Equities brokerage businesses in Sydney and Hong Kong
  • Securities Lending function in Singapore, Sydney, Hong Kong
  • Treasury function in Melbourne

The Markets Compliance function works closely with in-country compliance, ensuring consistent application of the framework.  This role is also responsible for the policy and training framework for the markets businesses in the Asia Pacific region. 

As part of the Asia Pacific compliance team, this role is in the second line of defence and will assist in the 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 Compliance and AML. 

 

DUTIES:

  1. Overall responsibility for APAC policies and procedures for the APAC markets businesses
  2. Advise senior management and business partners on applicable laws, regulations, rules, standards and best practices which may impact their business
  3. Partner with senior management, business partners and in country compliance to implement markets compliance programs, including training on such programs
  4. Develop and implement a monitoring and surveillance program for markets businesses
  5. Identify, document and drive business acceptance of markets compliance risks
  6. Validate markets related regulatory requirements within department’s country rules maps
  7. Implement and ensure tracking of markets related regulatory changes
  8. Review markets related risk assessments conducted in-country
  9. Identify areas for control enhancement in either the first or second line of defense
  10. Work in partnership with the wider Compliance, Risk and Controls teams
  11. Draft and issue policies and procedures for APAC markets businesses, including for internal compliance use
  12. Produce and analyze Compliance reports and data for internal committees and boards
  13. Prefer knowledge of Custody, Asset Servicing, FX, Fund Administration, Brokerage businesses as well as corporate governance such as outsourcing, data privacy and bank secrecy requirements.  AML experience is a plus. 
  14. Lead projects and increase understanding of project management methodologies

 

Your Knowledge/Skills

  • Fluent in English and ability to communicate in a clear, concise and effective manner (verbal and written)
  • Understanding of regional regulations (e.g., MAS, SFC, JFSA, APRA, ASIC, Korean FSC / FSS, CBIRC / PBOC) and relevant laws
  • Experience providing compliance advisory and operational support
  • Strong organisational skills, a collaborative approach to work, with strong interpersonal skills
  • Ability to use initiative and work unsupervised in a proactive manner
  • 7-10 years of related experience   

 

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

  • $10.8 trillion in assets under custody/administration
  • $8.2 trillion in assets under custody
  • $1.2 trillion in assets under management
  • $132 billion in banking assets

 

Northern Trust is an equal opportunity employer. We aim for excellence in our efforts to recruit, develop and deploy the highest caliber workforce. Our commitment and success to a diverse workforce is evident in employee satisfaction and industry acknowledgment. For a list of all our achievements please click here.

 

For a private discussion please contact Gez Williams on +61 3 9935 8204. 

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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