Head of EMEA Framework Compliance

London, United Kingdom
15 Apr 2021
15 May 2021
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.

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you would benefit from adjustments for any part of the employment process, please inform the recruiter to discuss your individual requirements.

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:

EMEA Compliance, a unit which forms part of Global Compliance and Corporate Risk, is entrusted with providing regulatory advice and assurance to senior management, boards, relevant committees, regulators and clients and ensuring Northern Trust (“NT”) meets its regulatory obligations at all times.

This role is responsible for managing the EMEA Framework Compliance Function that supports the regional execution of Corporate Compliance Framework Programmes, enabling Compliance Practice Leads and Regulated Entity Compliance Officers in EMEA to deliver their responsibilities under the Corporate Compliance and Ethics Program and supporting program documents.

This role in a Certified Persons role under the FCA’s Senior Manager Regime

The key responsibilities of the role include:

  • Work with the wider Risk and Compliance teams across North America, APAC and EMEA and manage the regional execution in EMEA of Corporate Framework programmes for (i) Regulatory Change Management, (ii) Regulatory Rule Maps and (iii) Compliance Risk Assessments.
  • Provide thought leadership of the continued development of the Corporate Framework programmes and support training and awareness initiatives across regions to support a consistent execution of these programmes.
  • Be the team’s SME on the EU and UK financial regulatory landscape and key regulatory initiatives, with the ability to interpret legal entity, business and product impact of regulatory changes.
  • Chair forums such as the EMEA Regulatory Assessment Council and the EMEA Industry Engagement Coordination Group to facilitate discussion on regulatory change and industry trends with First and Second Line engagement.
  • Manage delivery of ongoing communications on regulatory change to the wider Compliance team, including assessments of regulatory enforcement notices identifying lessons learned for Northern Trust.
  • Chair the Global and International Policy Review Groups and in this capacity support the creation and maintenance of Compliance policies, programmes and standards. In addition support efforts to optimize and streamline Compliance policy landscape.
  • Work with the Head of EMEA Regulatory Liaison to respond to regulatory requests, meetings and reporting where needed.
  • Support delivery of Global Compliance initiatives that aim to improve the consistency in execution of Corporate Compliance Programmes across regions; and
  • Produce and provide reporting and metrics to the Head of UK and Mainland EMEA Compliance, Boards, Committees and Global Senior Risk and Compliance Management.
  • Skills/ Qualifications:

    The successful candidate will benefit from having:

  • Several years’ experience in Compliance and/or Legal relating to financial services, including banking, investment funds, asset management and asset servicing, preferably with a global financial institution;
  • Proven strong organizational and time management skills;
  • Experience is managing a team / people;
  • Knowledge of FCA and PRA handbooks and relevant laws, in particular MiFID (I and II), Market Abuse Regulation (MAD I and II), EMIR, AIFMD, UCITS and PSD (I and II).
  • Knowledge of and experience with US regulatory matters and their global/regional implementation as well as Financial Crime related laws and regulations would be advantageous.
  • Excellent communication (verbal and written) and interpersonal skill.
  • Proven strong organizational and time management skills.
  • Experience in regulatory exams and audit management preferable.
  • Collaborative and flexible approach to work.
  • 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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