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Senior Consultant, Compliance, Northern Trust Asset Management

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Risk Management/Compliance
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76487 Requisition #
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Founded in Chicago in 1889, Northern Trust is one of the world’s leading financial institutions. We specialise in providing asset servicing solutions and asset management to both institutional and personal clients. The delivery of products and services to this client base is supported through a network of offices in more than 40 countries around the globe.

 

 

We believe our most valuable asset is our engaged, empowered & diverse workforce. As a global institution, Northern Trust is committed to building upon this diverse talent through encouraging innovative thinking and personal courage in an inclusive environment. Northern Trust’s commitment to diversity & inclusion is evident in our internal initiatives for which we have won several globally recognised awards.


The role is for a Compliance Consultant, based in Amsterdam.  The individual will work within a regional Risk/Compliance team operating in a successful international Asset Management business, reporting to the Head of Compliance. 

 

The role offers excellent exposure to someone looking to develop their career in an asset management based risk and compliance role, with a focus on distribution activity..  The position will provide technical research and consultation to support compliance programs and activities in all of Northern’s international units but with particular focus on Europe and within a global framework.  Acting as a partner to both risk/compliance team members and managers and staff in the business units, the incumbent will provide consultation and advice on regulatory matters.  

 

 The key responsibilities of the role include:

• Providing technical research and consultation to support risk and compliance programs and initiatives
• Being familiar with Northern’s strategy, businesses, clients and products in order to provide timely and accurate regulatory and compliance advice to business partners on regulatory requirements
• Review of marketing materials to support cross-border sales activity to support sales and relationship management team
• Support regulatory inquiries and examinations
• Assist in the development and maintenance of risk and compliance frameworks and related policies and procedures
• Develop and implement training programs with subject matter experts, and Corporate Compliance.
• Providing ad-hoc project support as required, and support senior members of the department in the identification, planning and execution of the department’s activities.
• Provide back up support to the wider risk and compliance team as and when required, including guidelines monitoring.
• Attendance and reporting to various committees

The successful candidate will benefit from having:

• Proven experience in advising and/or monitoring of asset management business
• Competence in Dutch language
• Detailed knowledge of FCA Handbook, and working knowledge of International regulations e.g. MiFID II, UCITS, SEC
• FGR fund structures
• Working knowledge of cross-border marketing rules
• Strong background in and understanding of investment management products and services with in depth understanding of securities, cash and derivatives market instruments
• Prior experience in the interpretation and analysis of complex investment management agreements, investment management guidelines, and industry standards e.g. IMMFA, Money Market Fund rating providers
• Analytical ability to identify and understand problems and provide effective solutions
• Highly motivated individual who has a proven record of using initiative to resolve problems
• Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved
• Excellent verbal and written communication skills
• Desire to stay in front of new business/regulatory developments
• Excellent organizational and analytical skills.


The competencies that would be valuable for this role include:
• Communication, written and verbal
• Client focused relationships
• Time management
• Decision making/judgement
• Analytical skills
• Persuading and influencing.

 

The Employee Experience - Life at Northern Trust.
Joining us, you would benefit from a positive work culture, where we support our employees' efforts to balance work and home life, in part by offering access to a broad range of workplace support options including: flexible working; emergency family or child care support; professional mentoring; paid volunteering days and the opportunity to buy or sell additional leave.

 

Personal and professional growth – a world of opportunity.
To support our Global business strategy, we have a number of Business Resource Councils committed to promoting diversity and inclusion and supporting employees in their personal and professional growth. We provide opportunities for networking, mentoring and personal and career development across demographic and geographic groups. In 2018, these groups were responsible for a broad range of personal and professional activities including, guest speaker thought leadership, elder care, nutrition for children, stress awareness day, language classes and religious and cultural celebrations to name a few.

 

Interested in giving back?
Volunteerism, philanthropy, sound business practices and ethics in addition to a conservation-minded approach to protecting the environment; all are integral to Northern Trust’s culture of caring and form the foundation of our corporate social responsibility (CSR). All employees are given 2 days paid leave to volunteer and support. Take a look our CSR report on our careers site to find out more.

 

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.


As of March 31,2019, Northern Trust Corporation had:

 

$10.9 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$122 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
  • 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