International Head of Banking & Markets Compliance/Senior Vice President

at  Northern Trust Corp

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/ Department:
The Banking and Markets business at Northern Trust is one of the fastest growing areas of our Asset Servicing business. The core products are institutional brokerage, global foreign exchange, securities financing & portfolio solutions as well as banking offerings such as Global Lending and Treasury Management. However, the product roadmap is full, including additional asset classes & markets. The Compliance team that supports and oversees the business is a vital part of our control function & forms a solid advisory relationship with the business whilst keeping its own independence.
This Global Banking and Markets Compliance Team sits within the Corporate Compliance function. Northern Trust is currently seeking a seasoned leader to manage the International Banking and Markets Compliance team. This role sits within the management team of Global Banking and Markets Compliance Team, reporting directly to the Global Head of Banking and Markets Compliance.

The key responsibilities of the role include:

• Member of the Global Banking and Markets Compliance management team contributing to the overall strategy and execution of the function’s priorities.
• Manage a high performing team of compliance advisory professionals located across London, Singapore and Sydney.
• Support and enable the team in providing compliance advisory support to the EMEA and APAC Banking and Markets Business Units, providing input and guidance to the business and senior management regarding regulatory requirements and market best practice.
• Support and enable the team in maintaining the International Compliance Program, including compliance risk assessments, monitoring, testing, training, and other strategic projects.
• Represent compliance in relevant governance forums and committees, analyzing, preparing and submitting relevant reports, data and documentation as required.
• Manage senior stakeholder relationships across all 3 lines of defense and relevant areas of the Bank.
• Evaluate existing and proposed regulatory requirements and expectations against existing processes and control to identify and escalate potential gaps or regulatory risks, including providing recommendations on policy and procedural changes if necessary.
• Review and provide feedback on regulatory consultation papers or other guidance or applicable industry bodies where relevant and applicable.
• Prepare and respond to regulatory requests and queries.
• Advise on Compliance programs and applicable laws, regulations, rules, standards, risks and documentation including keeping partners and management informed of developments or changes that may affect their area.
• Consistently review compliance program against existing regulatory best practices and new developments.
• Support and enable the team in maintaining and executing local compliance programs related to individual licensing, complaints, breaches, errors and investigations across all applicable jurisdictions.
• Work in partnership with legal, risk, compliance and control teams (audit and compliance testing) regionally + globally, including sharing of information and knowledge.

Skills/ Qualifications:

• Seasoned people manager with experience of leading and developing international teams.
• Excellent understanding of regulatory requirements relating to global markets activities particularly FX, Securities Brokerage, Securities Financing and the associated sales and trading related obligations in the EMEA and APAC regions (e.g., MiFID, EMIR, MAS, ASIC, Dodd-Frank).
• Prior experience working in a markets compliance advisory function at a global financial institution or at a regulator.
• Strategic thinker with the ability to manage changing priorities in a deadline oriented environment.
• Understanding of financial products in a Capital Markets business.
• Experience designing and implementing frameworks in markets compliance advisory space.
• Senior level stakeholder management.
• Experience dealing with regulators/internal audit and responding to regulator/internal audit enquiries and examinations. Experience of leading teams in both on shore and off shore locations.
• Demonstratable experience of effectiveness reviews and optimization projects.
• Ability to create, enhance and maintain risk assessments for markets compliance advisory activities.

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

• Member of the Global Banking and Markets Compliance management team contributing to the overall strategy and execution of the function’s priorities.
• Manage a high performing team of compliance advisory professionals located across London, Singapore and Sydney.
• Support and enable the team in providing compliance advisory support to the EMEA and APAC Banking and Markets Business Units, providing input and guidance to the business and senior management regarding regulatory requirements and market best practice.
• Support and enable the team in maintaining the International Compliance Program, including compliance risk assessments, monitoring, testing, training, and other strategic projects.
• Represent compliance in relevant governance forums and committees, analyzing, preparing and submitting relevant reports, data and documentation as required.
• Manage senior stakeholder relationships across all 3 lines of defense and relevant areas of the Bank.
• Evaluate existing and proposed regulatory requirements and expectations against existing processes and control to identify and escalate potential gaps or regulatory risks, including providing recommendations on policy and procedural changes if necessary.
• Review and provide feedback on regulatory consultation papers or other guidance or applicable industry bodies where relevant and applicable.
• Prepare and respond to regulatory requests and queries.
• Advise on Compliance programs and applicable laws, regulations, rules, standards, risks and documentation including keeping partners and management informed of developments or changes that may affect their area.
• Consistently review compliance program against existing regulatory best practices and new developments.
• Support and enable the team in maintaining and executing local compliance programs related to individual licensing, complaints, breaches, errors and investigations across all applicable jurisdictions.
• Work in partnership with legal, risk, compliance and control teams (audit and compliance testing) regionally + globally, including sharing of information and knowledge