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Compliance Manager (NTGS SE UK Branch)

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Risk Management/Compliance
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73175 Requisition #
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EMEA Compliance, a unit which forms part of Global Compliance and Risk, is entrusted with providing regulatory advice and assurance to senior management, boards, relevant committees, regulators and clients and ensuring Northern Trust (“NT”) meets its regulatory obligations at all times. 

As part of the EMEA Compliance team, this role is to act as the second line of defence, compliance subject matter expert (‘SME’) for Northern Trust Global Services SE (‘NTGS’), a Luxembourg regulated firm, branch in the United Kingdom. The role will be based in our London office, and will assist in the implementation of the Compliance model into the business and provide ongoing oversight and reporting to senior members of the Compliance team as well as the Branch Manager, the Authorised Management and NTGS Board that the UK branch is meeting its regulatory obligations. The individual may also be asked to support the wider Compliance team and business units as necessary. This role will report to the CCO of NTGS SE based in Luxembourg.

The key responsibilities of the role include: 

Act as a trusted adviser delivering a “consultancy” style service to partners in the UK Branch including Depositary and fund administration businesses, including on business projects, new product offerings, offshoring considerations etc., including providing challenge and escalation to senior Compliance management where necessary;
Be the Subject Matter Expert (‘SME’) on Home and Host State regulations impacting the branch, and interpret business and legal entity impact where the business model or regulations change;
Work in partnership with the Anti-Financial Crime team and the NTGS Money Laundering Reporting Officer (MLRO) as necessary;
Work in partnership with the wider Risk, Compliance and Controls teams, especially the CASS Office and first line Control; 
Create and maintain the list of rules, controls and risk ratings as they relate to the UK branch, co-ordinating with other Compliance Officers where appropriate;
Support the creation and maintenance of Compliance policies and standards, and  the development and delivery of training to partners in particular those based in country, including induction training;
Monitor and assess on a day to day basis the adequacy and effectiveness of the measures, controls and procedures put in place by the business to address the company’s compliance with its regulatory obligations;
Attend relevant business and compliance meetings and provide the compliance view of the business;
Assist the Head of EMEA Framework and the business to monitor regulatory developments, including industry thinking and guidance, as they relate to Northern Trust’s activities in the UK;
Be the point of contact for the local regulators, working with the business to respond to regulatory requests, meetings and reporting relating to the UK, liaising with the NTGS Compliance and Regulatory Liaison teams.
Produce and provide Compliance reporting on to Senior Management, Boards, Committees and Compliance Management for consideration.

The successful candidate will benefit from having:

Knowledge of Depositary and/or Fund Administration product & operations, UK UCITS, AIFMD and CASS; and/or knowledge of the laws and regulations applicable to a Luxembourg regulated branch in the UK;
Experience of providing compliance advisory support to operational business areas within a financial services environment;
Excellent communication (verbal and written) and interpersonal skill;
Proven strong organisational skills;
Lateral thinker with an ability to interpret and solve complex issues;
Conflict resolution skills with a collaborative and consensual approach to work;
Ability to influence senior staff outside of your direct team, across a number of countries;
Ability to use initiative and work unsupervised in a proactive manner; 
Collaborative and flexible approach to work.

The competencies that would be valuable for this role include: 

Excellence in Execution;
Effective Communication;
Analytical Thinking;
Problem Solving Skills;
Focused Client Relationships;
Time Management

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 18,500 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.

Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion. 

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 



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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
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    • 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.

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    • 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.

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      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