Consultant, Compliance

Who we are

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise, and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families to the most-successful hedge funds and corporate brands.

What we do

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

What you will do

Singapore Compliance forms part of Global Compliance and Corporate Risk function and is entrusted with providing regulatory advice and assurance to senior management, boards, relevant committees, regulators and clients that Northern Trust meets its regulatory obligations at all times.

As part of the Singapore and Asia Pacific compliance team, this role is in the second line of defence and will assist in the implementation of the Northern Trust Compliance model. The Compliance function is responsible for ongoing oversight and reporting regarding regulatory obligations to senior compliance and business management.

This role supports the Singapore businesses in relation to all aspects of the compliance programme including understanding and interpreting regulatory requirements, and regulatory engagements. This role requires monitoring, testing, assurance, policy drafting, training and other duties as assigned.

On occasions, this role requires strong stakeholder management and the ability to consult with and advise senior management on an independent basis.

This role will report to the Singapore Head of Compliance.

Primary Duties:

• Represent compliance function in relevant governance forums and committees, analysing, preparing and submitting relevant reports, data and documentation as required.
• Evaluate existing and proposed regulatory requirements and expectations against existing processes and control to identify and escalate potential gaps or regulatory risks, including providing recommendations on procedural changes if necessary.
• Review and provide feedback on regulatory consultation papers or other guidance to the MAS or applicable industry bodies where relevant and applicable.
• Communicate, evaluate and assist with implementation of regulatory changes where required
• Prepare and respond to regulatory requests and queries.
• Advise on Compliance programs and applicable laws, regulations, rules, standards, risks and documentation including keeping partners and management informed of developments or changes that may affect their area.
• Review compliance program against existing regulatory best practices and new developments.
• Provide input and advice to business and management partners regarding regulatory requirements and market best practice
• Implement and embed the global and regional Compliance Program, including monitoring, testing, and assurance frameworks and executing against action plans
• Maintain and execute local compliance programs related to individual licensing, complaints, breaches, errors and investigations
• Work in partnership with risk, compliance and control team colleagues regionally / globally, including sharing of information and knowledge
• Draft and comment on policies, procedures, standards and other relevant documents requiring compliance input, including for internal Compliance use
• Develop and conducts training as required
• Develop, execute and deliver compliance related projects.

Knowledge/Skills:

• Knowledge of MAS regulations and relevant Singapore law
• Experience of providing compliance advisory and operational support
• Knowledge of asset servicing, custody, fund administration and / or brokerage businesses, preferably within a global financial institution
• Experience of providing compliance advisory and operational support
• Experience managing and responding to regulatory exams and audits
• Strong organisational skills, a collaborative approach to work, with strong interpersonal skills
• Ability to use initiative and work unsupervised in a proactive manner
• Fluent in English and ability to communicate in an clear, concise and effective manner (verbal and written)

Experience:

• Minimum 7 years of experience, preferably with strong financial industry knowledge/background coupled with compliance or audit or legal or risk management course of work.
• Significant experience in dealing with regulators across broad range of issues
• Experience in interfacing and communication with all level of staff
• Project management skills preferred

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