Compliance Testing, Associate Consultant / Consultant at Northern Trust

Manila, Metro Manila, Philippines -

Full Time

Start Date

Immediate

Expiry Date

05 Jul, 26

Salary

0.0

Posted On

06 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Compliance testing, Regulatory interpretation, Risk assessment, Audit coordination, Analytical skills, Communication skills, Problem solving, Policy development, Stakeholder management, Mentoring, Regulatory compliance, Internal controls, Reporting, Business process improvement

Industry

Investment Management

Description

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Role Summary: Responsible for overseeing the review, interpretation, and dissemination of current and proposed laws and regulations. Provides consultation and advice to partners regarding Compliance risk avoidance. Establishes business development strategies to minimize risk and assure compliance with applicable laws and regulation. Principal Responsibilities Review and interpret laws and regulations for the purpose of developing appropriate testing plans Independently establish the appropriate scope and test steps for individual reviews Conduct and document testing reviews to assess compliance with and adherence to regulations/legislation and internal policies Engage with Compliance SMEs to understand any matters for concern related to applicable reviews Follow established policies, procedures and standards for testing activities Apply analytical skills to review information and determine potential weaknesses or exceptions to policies / processes Validate and summarize testing results in clear, concise language Detect and advise Compliance and Business Unit management of potential compliance issues and identify changes and/or enhancements to improve efficiencies in procedures Track identified issues to closure via periodic follow up with action owners Validation testing to ensure actions have been adequately closed Develop relationships with Internal Audit to coordinate testing efforts and share results. Conduct meetings with business unit partners and management to discuss testing results and where applicable challenge management responses Support the Regional Manager with ad hoc tasks Work effectively as an individual contributor as well as in a team environment Develop strong relationships with the first, second and third lines of defense May mentor junior level employees and review the work of others Skills/Experience 5-10 years related to compliance, compliance testing/monitoring or auditing Educated to graduate (or equivalent) Relevant certifications or advanced degree a plus Knowledge of regulations and key regulatory developments would be an advantage Highly motivated individual who has a proven record of using initiative to resolve problems Analytical ability to identify and understand problems as well as to provide effective solutions Excellent written and oral communication skills Attention to detail Confidence and expertise to advise and challenge senior management and the business Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved Ability to deal effectively with multiple competing deadlines Working with Us: As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose. We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater Reasonable accommodation Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com. We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater. About Our Manila Office The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 — driving meaningful impact and sustainable growth. Learn more. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies. Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America 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), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information. APAC/INDIA 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 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 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 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 Know Your Rights (U.S.)

Responsibilities

The role involves reviewing and interpreting laws and regulations to develop and execute compliance testing plans. It also requires engaging with business units to identify potential compliance weaknesses and tracking identified issues to resolution.