Regulatory Delivery and Oversight Specialist

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

This is an exciting opportunity within the Regulatory Risk & Oversight Office in Asset Servicing and COO organisations.

The Regulatory Risk & Oversight Office oversees the management of regulatory risk across Asset Servicing business and COO support services.

It provides governance and oversight of the frameworks that enable understanding of regulatory obligations, mitigation of regulatory risks and compliance with regulations applicable to Asset Servicing & COO.

The Regulatory Risk & Oversight Office design supports this mandate across four key pillars: i) Regulatory Framework & Governance, ii) Regulatory Change Oversight, iii) Regulatory Risk Management, and iv) Regulatory Strategy & Sustainability.

The Regulatory Delivery Program & Portfolio Specialist is primarily responsible for the oversight of the portfolio of regulatory risk remediation projects arising from regulatory and compliance risk “hot spot” areas in the production environment, as well as the management of selected remediation projects. The role acts as a project manager supporting the EMEA region and its regulations.

The role reports to the EMEA Head of Regulatory Risk & Oversight.

Additional Responsibilities Include

• Responsible for collaborating with stakeholders across all lines of defence, multiple business units and operational leaders to quickly identify and create effective and sustainable solutions for resolving regulatory risk issues
• Reviews Regulatory Change Framework artifacts, conducting initial quality assurance, and preparing decks and documentation for project plans and deliverables.
• Responsibilities also include verifying stakeholder responses in the traceability matrix, following up as necessary.
• Additional duties cover completing Regulatory Scope Documents for BU assessments, finalizing Gap & Action Templates after TM gaps are approved, validating Ops Readiness Checklist responses, maintaining RAID and dependency logs as needed, ensuring all responses are complete, finalizing the traceability matrix, managing closure of identified gaps and actions, and updating the Gap & Action Template accordingly.
• Acts as advisor to “regulatory delivery” partners, providing support and enabling alignment with regulatory risk principles and Regulatory Risk & Oversight strategy
• Supports complex initiatives involving multiple disciplines and/or ambiguous issues
• Identifies opportunities for improvement and the prioritization of change impacting the department
• Supports the review of issues/trend analysis with escalation to the EMEA Head of Regulatory Risk & Oversight
• Develops and/or maintains a suite of data-driven metrics based on various information sources to classify, manage and report on remediation projects
• Supports Steering Group meetings to support remediation and maintains efficient and appropriate governance to enable successful remediation outcomes.

The ideal candidate should have a fair amount of the following:

• Previous experience with matrix and remote management across global teams supporting and delivering on regulatory, compliance and risk related matters
• Knowledge of the financial services industry, especially asset servicing, wealth management and banking, and the regulatory environment in which they operate
• Knowledge of regulatory themes, both existing and emerging within industry
• Project management professional with extensive business experience in Regulatory Change, and Regulatory Risk Management, with a focus on program management for projects and initiatives within the group. Knowledge of the firm and industry.
• Good understanding of tools such as Excel, PowerPoint, ServiceNow
• Knowledge of Regulatory frameworks such as regulatory change and risk management principles
• Proven organizational skills
• Excellent communication skills; verbal, non-verbal and written
• Results oriented with strong collaboration, influencing and data analysis skills
• College or University degree
• Extensive experience in financial services, with a solid understanding of regulatory obligations and regulatory project management
• Demonstrated experience in remediation and transformation strategy and execution

Eligibility for Internal Partners

• 3 years as a Team Leader to move as a Section Manager currently at an Officer level.
• 24 months as a Consultant to move as a Senior Consultant. Movement within Senior Consultant and Section Manager is applicable if they have prior 36 months of people management experience.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

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 sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

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.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office, space, we offer fantastic amenities which include our Arrival Hub – Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.