Regulatory Reporting Manager, Asset Management

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.

About Northern Trust Asset Management

Northern Trust Asset Management (NTAM) is a global Investment Manager with $1.1Trillion Assets Under Management, is a top 20 global asset manager, top 10 largest factor investor globally and the 12th largest ETF provider.

We believe investing ultimately serves a greater purpose and should be done intentionally and efficiently …

• by people who are passionate, astute and tenacious problem solvers
• with the understanding that all investing involves risk and
• is best accomplished by using an empirically based process.

At Northern Trust Asset Management, we understand that investing ultimately serves a greater purpose. That is why our philosophy is rooted in the fundamental belief that investors should get compensated for the risks they take – in all market environments and in any investment strategy.

At the heart of our philosophy is how we think about, view and analyze risk. As risk-aware investors, we take risk intentionally, to achieve investors’ desired outcomes and minimize unintended consequences.

In EMEA, Northern Trust Asset Management serves professional investors offers a wide range of investment management capabilities, across active and passive, equities, fixed income and cash management.

This includes quant active, sustainable investing, multi-asset, liquidity focused solutions as well as more traditional index management. Capabilities are available through both pooled funds and segregated accounts, with a focus on designing investment strategies to meet the specific needs of investors. NTAM managers the largest European ESG fund and 5/10 largest ESG index funds globally****.

*As of December 31, 2020 (updated quarterly). Source: NTAM Finance. For the Northern Trust Asset Management entities included in AUM total, please see disclosure at end of this document.

**Total worldwide assets under management. The above rankings are not indicative of future performance. Unless otherwise noted, rankings are based on total worldwide assets under management of $1.1 trillion as of December 31, 2020 by Pensions & Investments magazine’s 2020 Special Report on the Largest Money Managers.

***Total worldwide assets under management. The above rankings are not indicative of future performance. Unless otherwise noted, rankings are based on total worldwide assets under management of $885 billion as of December 31, 2018 by Pensions & Investments magazine’s 2019 Special Report on the Largest Money Managers.

****Morningstar 12/2020

The key responsibilities of the role include:

The primary focus of this role will be to ensure NTAM meets its reporting obligations across multiple regulations with an ability to assess the impact of Industry regulation specific to our business needs and supportive of growth and strategic initiatives.

The individual would be responsible for the daily monitoring of the control framework ensuring NTAM is not exposed to reporting failures, risks or financial costs. Functions will include timely and accurate trade and transaction monitoring utilising vendor platforms, exception management, client onboarding and data maintenance to support our regulatory processes. Competent analytical and communication skills are essential to research and resolve queries. Previous experience working in an asset manager/asset servicing role and in implementing process improvements and procedural documentation is desired.

The ideal candidate should have a proven track record in regulatory operations with the leadership skills to navigate the team deliverables and strong collaborative teamwork ethic to manage in a time sensitive environment. This role in particular will require excellent communication skills to manage our regulatory vendor relationships with the ability to actively participate and represent NTAM in industry forum.

• Act as an SME on the technical aspects of the NTAM Regulatory Operations workflow and reporting obligations overseeing as needed more junior members of the team with the ability to also liaise with senior management, vendors and regulators.
• Support the timely and accurate regulatory reporting via various system platforms to support EMIR, MiFID2, SFTR and other regulatory obligations as they arise
• Monitor systems to identify exceptions and undertake root cause analysis to ensure required amendments are completed
• Work with Technology and other relevant teams to ensure data gaps/discrepancies are addressed
• Identify, support and validate changes across Operations required to satisfy any new or updated regulatory requirements
• Prepare and maintain procedures, process flows and checklists in line with the control framework
• Daily review of reportable transactions. Investigate exceptions, identify inaccuracies and coordinate directly with Technology/Operations teams to resolve
• Work closely and in a collaborative manner with other NTAM partners in support of the business on a daily and strategic basis.
• Ensure the timely and accurate setup of new accounts on relevant regulatory reporting systems coordinating with the New Account Opening team
• Work as part of a global team with members based in London, Hong Kong, Chicago and India
• Responsible for identifying and resolving issues within established procedural guidelines
• Support weekly/monthly team meetings, preparing relevant MI packs and agenda/meeting minutes with the appropriate tracking to evidence best practice and satisfy governance framework.
• Support the production and detail of appropriate management information reporting to senior management, functional governance meetings and relevant committees.
• Timely completion of reconciliations to support and strengthen Quality Assurance oversight model
• Proactively engage with vendors and technology to implement improvements and efficiencies to the existing Regulatory Operations process and procedures
• Support Project Implementation with the development of new Regulatory Reporting services and become the system/technical SME on the new solutions.

Skills/ Qualifications:

• Strong analytical and problem solving skills to resolve and research queries and issues
• Prior experience of working in a team lead level role supporting and guiding more junior members of the team on technical regulatory reporting queries/issues as part of day to day operations.
• Curious mind with solid ability to manage multiple priorities and cope with moving targets
• Agile, flexible and adaptable to change
• Good oral and written communication skills are required
• Basic functional / industry knowledge is preferred
• Technical skills / systems knowledge (e.g. SharePoint/Business Intelligence, Microsoft Office tools inc. xml) is beneficial
• Good Process and procedure development skills
• Solid Relationship Management and experience presenting to Senior management and liaising with Industry participants

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.