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Senior Consultant, Team Leader - Compliance

📁
Risk Management/Compliance
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73554 Requisition #
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Oversees the review, interpretation, and dissemination of current and proposed consumer protection laws and regulations. Conduct Business Unit (BU) Impact Analyses as required.  Provides consultation and advice to partners regarding compliance and risk avoidance. Establishes business development strategies to minimize risk and assure compliance with relevant laws and legislation. Responsible for the assignment of work to the assigned Compliance Team partners. Completes the performance management process for a small team.


Major Duties 

 

1.  Reviews, disseminates, and interprets laws and regulations and guides assigned BUs to proactively establish and document related policies.
2.   Verifies that activities meet federal, state and/or local legal and regulatory requirements and regulations and monitors ongoing compliance program.
3.  Consults with partners regarding daily decisions that could pose risk and conflict with existing policy, and assist with client negotiations of new and existing business on various issues that may conflict with bank policies and procedures.
4.  Communicates and provides compliance advice and requirements to managers and appropriate personnel.
5.  Identifies situations which pose significant risk and guides management in developing policies and/or procedures that minimize risk.
6. Interacts with legal, regulators, internal and external auditors on regulatory topics.
7. Serves on internal and external groups to provide and receive advice on industry trends.
8.  Has a secondary focus of supervising people while still doing work. The supervisor related work includes training new employees or those with lesser experience, reviewing work of others, and providing regular feedback and coaching to employees.
9.  Assigns tasks to the Compliance team. Organizes the work, sets short-term priorities, monitors all activity, and ensures timely and accurate completion of the work.
10.  Completes the performance management process and staffing decisions. May conduct the full performance management process.


Knowledge/Skills 
Knowledge of risk management and strategic goals for the bank's business.  In depth knowledge of consumer protection regulations, federal, state, and local laws and regulations acquired through formal education and work experience is required. Communication and analytical skills are necessary to consult with partners/clients, and analyze information and apply regulations. Leadership and organizational skills are needed to prioritize assignments and provide feedback to staff.

CRCM or related certification preferred.  Regulatory examination management helpful.


Experience Required 
7-10 years relevant, Audit, Compliance, Legal or Risk Experience

 

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 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
  • 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