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Regulatory Product Specialist

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Client Services
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76052 Requisition #
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The Regulatory Solutions team is responsible for regulatory impact assessment for all of C&IS, including significant global industry changes (e.g. Brexit, LIBOR). The team provides consultative support to the business and clients to help navigate these regulatory and industry changes. The team has responsibility for the commercialization of regulatory products as well as providing centralized oversight of implementation and escalation for all regulation impacting Corporate & Institutional Services.

The key responsibilities of the role include:



The successful candidate would be the single point of contact of/for the Regulatory Solutions team in North America.

The role is a hybrid role with responsibility relating to all of the 3 core part of the team’s remit:-

· Assessing the impact of regulation.
· Centralization of Regulatory product & accountability for implementation.
· Consultative support to both clients & internal partners.


Responsible for executing the strategy of the product umbrella as outlined by the Lead Product Manager, Product Executive  and Head of Product Management for the business unit.  

Develop market insight by defining the target client segment markets, evaluating industry trends/competitors and defining the market story.
 
Lead in introducing new products to the market by creating go-to-market rollouts, securing regulatory approvals, completing risk and compliance reviews, publishing marketing material and conducting sales training.
 
Leads in providing post-launch product management such as post launch audits, tracking product successes, analyzing P&L, metrics, KPIs. Makes recommendations for improvements to promotional programs. 

Attend and present at industry events and publish in industry publications.

Provide sales support including presenting at client and prospect meetings.

Monitors capital and expenses, makes recommendations.

Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity.

Assist in new product planning activities i.e developing business case composing product requirements, preparing a launch plan and establishing future metrics.
 
To provide internal and external consultative support in the regulatory space to increase knowledge and further NT relationships.

Perform regulatory analysis on upcoming items to ensure the business interprets the broader implications of change beyond pure compliance, and allow for effective and efficient implementation

Be accountable & the primary contributor to the US regulatory newsletter.

Lead the planning for the US regulatory seminar & other regulatory events & materials as needed.


Northern Trust is a leading provider of asset management, fiduciary, banking, asset servicing and fund administration solutions. We have earned distinction as an industry leader by combining exceptional service and expertise with innovative capabilities and technology. The Corporate & Institutional Services (C&IS) Global Product Business is separated into 3 main areas Product Management, Solutions & Development and is one of the fastest growing areas in Northern Trust. As a global institution, Northern Trust is committed to building diverse Talent within our organisation; encouraging innovative thinking and personal courage in an inclusive environment.

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 December 31, 2018, Northern Trust Corporation had:


$10.1 trillion in assets under custody/administration

$7.6 trillion in assets under custody

$1.1 trillion in assets under management

$132 billion in banking assets

 



The successful candidate will benefit from having: 



A College or University degree and/or relevant proven work experience is required / preferred. Related Industry qualification is required / preferred.

Excellent oral and written communication skills are required. Proficient in constructing/overseeing logical and conclusive presentations, distilling complex subject matter into management-ready materials.

Strong understanding or knowledge of applicable NT product(s) and a strong understanding of client needs and how this impacts the product development agenda/roadmap.

Excellent in building key relationships, influencing and negotiating with clients, partners and leaders across multiple disciplines.

Program or project management experience is advantageous; planning, analysis, design and governance.

Knowledge of business strategy development is necessary to provide long term planning and to manage the profitability/performance of a major business segment.

Knowledge of/interest in regulation.

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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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    • 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