Senior Analyst, Regulatory Reporting

Who we are

Northern Trust is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. For more than 130 years, our success has been anchored in one purpose: to serve as our clients’ most trusted financial partner, guarding and growing their assets as though they are our own. Our market-leading technological capabilities—spanning from artificial intelligence for currency management, blockchain for fund administration and cloud-based solutions to deliver personalized wealth management services—allow us to deliver the highest level of service to our clients with speed and precision.

What we do

Northern Trust’s international business has grown dramatically over the last decade. Some of our largest clients are located in Asia and Australia, which represents a rapidly growing client base for the company. Our intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Currently, we have client offices in Beijing, Hong Kong, Melbourne, Singapore, Seoul, Tokyo and Kuala Lumpur.

Northern Trust is proud to serve the Australian community with global capabilities, meaningful insights and exceptional service. Institutional clients across Asia Pacific have relied on Northern Trust for effective solutions and ethical guidance across asset servicing and asset management since 1986.

Role Summary

The Regulatory Reporting landscape continues to evolve and with the rapid change, the Senior Analyst, Regulatory Reporting role has been created. The role will oversee and manage all aspects related to the regulatory reporting landscape for all the Australian legal entities including those under Australian Prudential Regulation Authority (APRA) and Australian Securities and Investment Commission (ASIC) and any other relevant regulatory authority. The successful candidate will work closely with the Controller, Treasury and Business functions.

Reporting directly to the Australian Financial Controller, you will leverage existing subject matter expertise and acumen to shape and drive the evolution of Finance’s Regulatory Reporting in line with industry / best practices with strong governance. This role will interact and build relationships with senior management in Northern Trust’s Australia Management working closely with the CRO, Legal and Head of Compliance.

What you will do

• Ensure compliance with all relevant regulatory reporting requirements including APRA prudential standards, ASIC reporting requirements and any other local regulatory reporting requirements.
• Leads regulatory reporting obligations.
• Oversight, review and submission of all regulatory reporting requirements.
• Maintaining a robust control process for the oversight of regulatory responsibilities for the Finance and Treasury functions including regulatory change.
• Responsibility for change management, interpretation, implementation of new regulatory requirements as prescribed by our regulators and identifying gaps in financial regulatory reporting requirements.
• Responsible for annual review and documentation of all regulatory reporting requirements including contingency funding plans, liquidity and investment policy and treasury procedures ensuring governance process is adhered to in a timely manner.
• Contributes to continuous improvement initiatives across reporting processes and solutions.
• Liaises with Second line of defense Regulatory Reporting (within the Compliance function) and Risk Monitoring and Reporting (within the Risk function) SMEs on reporting requirements.
• Respond to information and data requests from relevant committees and other Business Partners.
• Assist in the Internal and External audits relating to the regulatory reporting environment including liquidity and credit risk.
• Work closely with business units and other support areas to evaluate new business initiatives and internal reorganisations to ensure the potential capital and liquidity adequacy implications are fully articulated and clearly understood by the key stakeholders.
• Presentation to relevant Management Committee or Risk Committees
• Contribution to the team:
• Interacts with business partners, regulators, and internal and external auditors on regulatory topics
• Assists management to work towards the Company’s strategic goals

Your Knowledge/Skills

• 5-7 or more years of experience, preferably in Regulatory Reporting, compliance or risk management; or equivalent related experience
• Knowledge of risk management
• In-depth knowledge of regulations, local laws and the financial statutory environment acquired through formal education and work experience is required.
• Communication and analytical skills are necessary to consult with partners/clients, and analyze information and apply regulations.
• Experience in stakeholder management or a proven ability to influence stakeholders
• Experience in leading/facilitating cross-functional committee meetings

Highly Desirable

• Strong working knowledge of regulatory updates for the Wealth Industry, with a focus on ASIC and APRA
• Any relevant financial certifications is preferred
• Experience in the Financial Reporting (i.e. PeopleSoft general ledger) and Regulatory Reporting (Adenza) systems would be advantageous
• Knowledge of corporate accounting would be advantageous

As of 31 March 2022, Northern Trust Corporation had:

• $15.5 trillion in assets under custody/administration
• $12.0 trillion in assets under custody
• $1.5 trillion in assets under management
• $173 billion in banking assets

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve!

We recognize the value of inclusion and diversity in culture, in thought, and in experience. Which Is why we are honored to receive the following awards in 2022:

• Gender Equality Index Member, Bloomberg, 2022 (5th consecutive year)
• Top ranking of 100% on the Human Rights Campaign Foundation’s, Corporate Equality Index, 2022 (For the 15th consecutive year, Northern Trust has scored 100% and earned the designation as a “Best Place to Work for LGBTQ Equality”)

In Australia, we are actively involved in many ways with both community and diversity organisations, which includes charity participation days. For families, we offer a very generous parental leave scheme, and all staff have access to subsidised health insurance if they choose. 

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 ethical companies. Build your career with us and apply today!

• Want to learn more about our company? Visit www.northerntrust.com
• We are a leading global financial institution- Click here to check out our company accolades!

For further information, and to apply, please visit our website via the “Apply” button below.