Regulatory Risk Management Specialist

2 months ago


London, Greater London, United Kingdom Northern Trust Corporation Full time
About Northern Trust Corporation

Northern Trust Corporation, a leading global financial institution, has been a trusted partner for over 130 years, providing innovative financial services and guidance to the world's most successful individuals, families, and institutions.

The Role and Department

The Global Regulatory Affairs Office (GRAO) is responsible for overseeing the enhancement of risk management and controls, remediation of regulatory and audit findings, and the administration of regulatory affairs. The GRAO ensures preparedness for examinations and establishes a centralized connection point for global regulatory communications.

Job Summary

We are seeking a highly skilled Regulatory Risk Specialist to join our team. The successful candidate will provide subject matter expertise across a multi-year regulatory and risk program, executing against the GRAO strategy. This role will report into the Program Sponsor for a key program with a focus on compliance and legal risk.

Main Responsibilities
  1. Support the definition and lead the execution against the identified pillars of the Program as a named Program Lead.
  2. Collaborate with stakeholders across all lines of defense, multiple business units, and senior management to identify and create effective and sustainable technology and data-led solutions for managing compliance and legal risk.
  3. Lead Working Group meetings to support transformation and maintain efficient and appropriate governance to enable successful outcomes.
  4. Manage the pillars and deliverables with a forward-looking mindset, proactively anticipating any potential issues, preventing them, and/or defining pragmatic contingency plans.
  5. Develop and control deadlines and activities pertaining to the supported pillars.
  6. Proactively manage dependencies, 'reusable assets,' roadblocks, and learning points.
  7. Timely escalate and relentlessly pursue resolution of any roadblocks with a clear, end-to-end ownership mindset.
  8. Communicate effectively with developers, data architects, and infrastructure resources to ensure a clear and concise understanding of requirements and acceptance criteria.
  9. Help shape best practices, standards, and toolkits and strengthen our capabilities around compliance and legal risk.
Requirements
  1. Deep understanding of regulatory, compliance, and risk-related matters.
  2. Demonstrated experience in transformation or remediation strategy and execution linked to technology enablement.
  3. Knowledge of the financial services industry, especially asset servicing, wealth management, and banking, and the regulatory environment in which they operate.
  4. Great skills across communication, facilitation, interpersonal, conflict resolution, team building, coaching members on practices, framework, ability to teach/train, etc.
  5. Ability to establish trust-based relationships with stakeholders across the enterprise, lead them towards common objectives, and managing upwards and downwards.
  6. Strong problem-solving skills, organizational skills, and time management skills.
  7. Demonstrated ability to manage third parties such as consultants and support the tracking of financial expenses and performance against budget.
Working with Us

As a Northern Trust partner, 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.



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