UK CP Manager, Regulatory & Business Management

London, UK
25 Nov 2020
11 Dec 2020
Contract type
Full time
Experience level

About Northern Trust:

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

As a Northern Trust employee (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 Forbes ranked us the top employer for Diversity in 2018.

Role/ Department:

This is a varied role supporting the UK Senior Management Function (SMF 24) for Global Services (GS) and the oversight activity required to evidence ongoing completion of Reasonable Steps for activities that they are accountable for, to two Northern Trust UK legal entities; The Northern Trust Company, London Branch and Northern Trust Global Services SE UK Branch.

The incumbent will work in partnership with the UK Conduct office and the senior manager to ensure the SMF 24 compliance framework and operating model is robust. This will require the incumbent to accept delegation of certain activities from the SMF 24 to include the oversight of certain key initiatives and projects, collation and review of operational performance.

This is a Certified Person role for The Northern Trust Company, London Branch.

Additionally, working in conjunction with the SMF 24 in their capacity as Global Head of Securities Operations and EMEA Head of Global Services, the role delivers critical business support to include:

Developing and driving delivery of Operational strategic priorities to include:

  • Accelerate Digitalization
  • Sharpen Growth Strategies
  • Drive Continuous Productivity
  • Develop Diverse Talent for the Future
  • Reimage the Foundation
  • Ensuring a robust risk and control governance framework is maintained across all Securities Operations practice areas;
  • Challenging and supporting practice areas deliver their annual budget targets and performance commitments;
  • Support execution oversight of strategic deliverables to include regulatory project delivery, location strategy, optimising cost per trade, employee engagement, diversity & inclusion strategies and working across the wider Global Services team to support business priorities.
  • This role will report to the Global Head of Securities Operations, who is the SMF 24 for Global Services Custody, Payments, Settlements & Clearing and the Head of EMEA Global Services.

    The key responsibilities of the role include:

  • Working with the SMF, ensure a robust governance framework is in place to meet the SMF’s regulatory obligations;
  • Support the SMF in setting the priorities and focus areas for the Critical Economic Functions (CEF’s) of Custody, Payments, Clearing & Settlements (herein after referred to as ‘CEF’s’);
  • Where required, to act as the delegate of the SMF 24;
  • Assist in identifying areas for in-depth review and potential challenge;
  • In partnership with Global Services Control group, agree the prioritisation of 1st line control testing across CEF’s;
  • In partnership with Global Securities Control group, maintain oversight of 2nd and 3rd line reviews/audits and findings across the CEF’s to include monitoring on timely closure of agreed actions;
  • Maintaining oversight of strategic projects and the change agenda impacting the CEF’s;
  • Maintain oversight of the regulatory change agenda, commitments, milestone and operational readiness across the CEF’s;
  • Build out key risk and performance MI (Management Information) for the CEF’s, establish and maintain the framework for the review, analysis and interpretation of the data;
  • Support the SMF 24 continue to build out Global Services Operational Resilience programme and annual deliverables;
  • On behalf of the SMF 24 and additionally in his role as EMEA Head of Global Services, coordinate compilation and submission of management information to Boards, Committees and Regulators

    The key competencies of the role include:

  • A thorough understanding of the UK SMF regulatory environment and it’s in-practice application;
  • The ability to analyse issues, prioritise and develop remediation strategies;
  • A focus on execution;
  • Keen attention to detail;
  • Holds self directly accountable;
  • Maintains high standard of personal conduct;
  • Willing to accept senior delegation;
  • Delivers to a high standard, on time;
  • Proven ability to operate with impact across senior management;
  • Strong networking skills;
  • Impactful verbal and written communication skills;
  • Collegiate; a true team player who is flexible;
  • Ability to use Microsoft tools such as Power BI, Database, Visio, Excel and PowerPoint.
  • Working with Us:

    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. In return, we will support you with your personal and career goals in a number of ways:

    Financial – Life Assurance, Disability Plan, Pension/ Gratuity, Annual Pay Review

    Work Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer Days

    Health & Wellbeing – Private Medical Insurance, Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance Program

    Professional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University (wide range of online, virtual & in-house training options) and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.

    And Finally

    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.

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

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