Surveillance Governance and Taxonomy Lead

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.

About the Role/ Department:
The Surveillance Governance Lead will report to the Global Head of Surveillance and will be responsible for overseeing processes and procedures that span across all Surveillance related activities. This position will require in depth knowledge of Surveillance processes as well as strategic thinking and stakeholder management.

The Key Responsibilities of the Role Include:

- Drive key Governance processes like the Market Abuse Risk Assessment.
- Ensure an effective governance framework for the Surveillance function including policies, standards and controls for market abuse detection
- Manage the controls inventory and ensure that Surveillance controls are properly reflected in the internal risk management system
- Own and manage the taxonomy of risk behaviours for market abuse, conduct, and non-financial risks.
- Ensure that all department documentation meets internal standards and is properly updated, stored and circulated
- Identify opportunities for process improvements and ensure that governance processes strengthen the control environment while allowing for efficient execution of all activities
- Lead multiple governance forums
- Engage and influence business heads, regulators, control management, risk, legal, and audit partners to successfully ensure appropriate management of business risk
- Influence the allocation of people to ensure commitments are met and align with strategic objectives within the business group
- Design and implement global consistency across the Surveillance framework alignment in governance, standards and risk monitoring.

Skills/ Experience Required:

- Bachelors Degree or equivalent experience
- Several years’ work experience, within a bank, regulator, or similar financial institution.
- Strong expertise in EU/UK market abuse surveillance and regional regulatory frameworks, including EU/UK MAR, MiFID II and APAC-specific rules.
- Proven experience in Quality Assurance and risk management.
- Exceptional communication skills with the ability to manage diverse stakeholders across regions.
- Strong understanding of Market Conduct behaviours and surveillance programs to detect market misconduct.
- Ability to analyze trading activity and market events, as well as the data that feeds into surveillance systems.
- Microsoft Suite of products + technical experience with Excel macros, VBA,
- Python, SQL or equivalent.

Desired Qualifications:

- Experience in leading governance and senior risk committee for potential disciplinary or conduct issues.
- Prior experience at Market Oversight including any regulatory or government agencies.
- Prior experience in process improvement, automation of control processes.
- Understanding of Global Custodian Banking business operations, processes, products and customer interactions and associated risk manifestation.
- Working knowledge of Market Abuse Risk Management Framework concepts and policies.
- Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner.
- Professionalism, adaptability and strong collaboration skills.
- Ability to pro-actively resolve conflict and maintain objectivity.
- Demonstrated capacity to pro-actively and independently analyse and solve problems and address risks.

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.

Reasonable accommodation


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.