3 open positions available
Lead and develop a global regulatory change team, design and implement regulatory change frameworks, manage cross-functional initiatives for compliance, and provide expert advice on complex regulatory matters. | Extensive experience managing regulatory change in financial services, strong knowledge of risk infrastructure and regulatory impact on business, complex stakeholder management including C-suite, leadership skills, and technological savvy. | 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. About The Role As a strategic leader within our Governance and Compliance (1LOD) organization, you will support our business globally as we navigate a rapidly evolving regulatory environment and ensure that with the broader Governance and Compliance Team, we are driving the compliance agenda and delivering expertise to our Business Units and Legal Entities. As the Head of our Enterprise-wide Global Regulatory Change Team (GRCT), you will be responsible for the following:- • Lead and cultivate a team of senior experts who manage global regulatory change across the enterprise, ensuring they are supported with meaningful development opportunities • Develop and oversee our global regulatory change strategy, ensuring it aligns with the organization's objectives. • Design, implement, and continuously enhance the Global Regulatory Change Framework (GRCF), ensuring it remains aligned with stakeholder feedback and evolves in response to the organization’s changing regulatory and business landscape • Develops a sustainable operating model using strategic tools including governance, workflow, data tagging, repository, reporting, security and access. • Partners with 2nd line defense and other executive stakeholders to establish a good Horizon Scanning Model to monitor and identify upcoming regulatory changes and trends that could impact the organization on a global or local scale • Works with stakeholders to analyze the potential effects of new regulations on the business, its products, services, and operations in the various jurisdictions in which we operate. • Ensures that we implement regulatory changes as they arise in the jurisdictions in which we do business, explaining the implications of such regulatory changes and the changes that need to be made to our business models to implement effective ways of addressing the relevant requirements. This will involve leading and supporting cross-functional initiatives to design, develop, and implement the programs and changes needed for compliance. • Interprets complex regulatory change initiatives and being able to present their implications to stakeholders at various levels within the organization. • Provides expert advice to business areas and key stakeholders on complex regulatory matters. • Engage with stakeholders at various levels to ensure that they are mobilized to deal with regulatory change initiatives, some of which will be managed by our Enterprise Change Management Team, some of which will be managed within the GRCT and some of which will be managed directly within business units ensuring the right levels of influence and collaboration with stakeholders at all levels to promote the regulatory compliance agenda and ensure buy-in for change initiatives. • Ensures that regulatory practices and internal policies are updated to meet global standards and maintain compliance with requirements. • Track, maintain and ensure traceability for the program of work undergone by the department and related programs • Establishes effective governance and able to produce MIS around regulatory change initiatives • Carry out assurance on our overall compliance with regulatory requirements and report on assurance to senior stakeholders • Drive the technology agenda in the regulatory compliance space Skills/ Experience The successful candidate will benefit from having; • Experience of managing the regulatory change agenda including implementation of large-scale complex change • Strong knowledge and expertise of risk infrastructure across 1st, 2nd and 3rd line of Defense • In depth understanding of risk management and regulatory change and how they apply in Financial Services organizations including the impact of regulation on the business. • Good understanding of products, recognizing the current demands of the market and the need to ensure delivery of regulatory requirements in an evolving and complex environment • Complex stakeholder management including C-suite and market associations • Strong communication and presentation skills with the ability to interact with stakeholders up to executive level and being able to influence & constructively challenge • Ability to adapt to and contribute to change in a positive and constructive manner • Knowledge of corporate risk policies and standards and compliance related requirements • Experience in rolling out complex programs and improving processes across multiple stakeholders • The ability to translate vision into tangible deliverables and results • Highly flexible and adaptable to change; • Technologically savvy with the ability to mine and interpret data; • Demonstrated leadership and organizational skills and has a strong record of effective people management skills. Salary Range 318,800 to 400,000 Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. 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.
Manage and develop institutional trust client relationships, respond to inquiries, coordinate client activity, and recommend new services. | 3-6 years experience in financial servicing/accounting with client servicing background and knowledge of trust, finance, and portfolio management. | 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. Manages the administrative and relationship needs of institutional trust clients. Maintains and develops client relationships exploring opportunities to provide additional products or services. Responds to client inquiries and coordinates client activity. Work Model: Hybrid Major Duties: • Manages the administrative and relationship needs of institutional trust clients. • Maintains and develops client relationships exploring opportunities to provide additional products or services. Partners with other Client Relationship Managers and Relationship Managers/Client Executives to expand shared relationships. • Cultivates strong working relationships with client contacts. Demonstrates ability to add value by anticipating possible solutions and partnering with client and internal partners to implement. • Responds to inquiries from clients and coordinates client activity. • Works with internal partners throughout the bank to facilitate implementation of solutions to client needs. • Documents services provided, specialized procedures, and on-going written communication with clients in managing daily activity. • Develops understanding of client's business, objectives, goals, and market challenges to ensure they are compatible with the bank's market strategy. • Recommends new services and products with an awareness of the impact decisions have on the organization. • Develops an understanding of client profitability. • Travels to client locations with RM/CE on a selected basis where revenue, new business opportunities, and/or servicing require a call. Knowledge : • Knowledge of trust or asset management, finance, and/or relevant business segment specific issues, usually acquired through work experience, is required to manage client relationships and consult on client needs. • Skills in negotiation, leadership, sales, and client servicing are necessary to service the client relationship. • Knowledge of applicable industry laws and regulations, usually acquired through prior work experience. • Knowledge of portfolio management concepts, usually acquired through formal education or experience, is needed to consult on client needs. Experience :3 - 6 years' experience in financial servicing/accounting fields, with client servicing background Salary Range: $66,700 - 113,300 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. 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 andapply 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.
Manage and grow institutional asset servicing client relationships by understanding client needs, coordinating product and operational partners, and ensuring client satisfaction and revenue growth. | 5 to 7 years of financial services experience, knowledge of trust/asset services and investments, strong interpersonal and leadership skills. | 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. Job Description About the Asset Owner Segment, Americas: The Segment is part of the Asset Servicing Division, responsible for roughly half of Northern Trust's total global assets under custody, as well as newly formed innovative businesses such as Northern Trust Front Office Solutions. This segment focuses on mission-driven asset owners across the Americas, primarily endowments, foundations, corporations, pensions, multi-national entities, and insurance companies. This is an opportunity to transform how we serve our clients, partners, and stakeholders by leveraging the invaluable assets which exist within our people and our products and applying discipline to client management and drive business growth. Our vision: To be THE market-leading partner of choice in the asset owner segment through innovative products, unparalleled service, impeccable operational outcomes, and unyielding integrity and alignment to our clients. We cannot do this without putting culture at the core. Our people, our behaviors, the decisions we make all influence the ability to achieve success. Working Model: Hybrid - We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home. Job Description We are excited to have open the role of a Relationship Manager in Northern Trust's Asset Owner America's segment. Relationship Managers are responsible for strategically leading institutional asset servicing client relationships to ensure client satisfaction, retention, and revenue growth while mitigating risk for both the client and organization. Exceeding client expectations is a priority of all employees as they follow Northern Trust's 133-year principles that endure- Service, Expertise, and Integrity. Top candidates will have the opportunity to work in a team environment where sharing expertise and experiences is a requirement. RMs have 18-22 institutional clients covering $6 to $8 M in annual revenue. As a leading global provider of asset servicing, our clients include 62% of the top US corporate pension plans, 44% of the top US Endowments, and 30% of the top US Public funds. Relationship Managers could specialize in one client type or manage clients across various types. They are the point person in the organization for all administrative and strategic client needs. Northern Trust Relationship Managers work closely with product partners to deliver innovate solutions that meet individual client's needs, including Northern Trust Asset Management, Northern Trust Securities, and Front Office Solutions to just name a few. Major Duties: • Ensure full understanding of client business and needs to develop relationship plan detailing specific client expectations and future opportunities. • Execute relationship plan by engaging product (asset servicing, investments, brokerage, banking, etc.) and / or managing operational partners to deliver on expectations or develop and execute new solutions. • Initiate conversations with clients and their advisors to keep them up to date on industry trends, regulatory changes, and appropriate new bank products and services. • Work with senior managers to ensure escalation of issues and communicate product gaps or opportunities. • Complete annual service reviews for every client to ensure satisfaction and refresh relationship plan. • Ensure positive responses to the annual client service survey. • Contribute to the department financial goals by cross selling products to current clients and playing an integral part in identifying and winning new business. • Have a thorough understanding of current product offerings and solutions. • Manage client profitability and fee negotiations to department goals and understand the financials of the team, division, and Northern Trust. • Address any administrative needs of the client with internal partners including transaction processing, accounting, reporting, documentation, fees, etc. • Serve as mentor to new team members & other organizational partners to ensure we attract and retain employees with an emphasis on DE&I. Knowledge and Experience: • 5 to 7 years of experience in financial services, preferably in trust, asset servicing, or investment management. • General knowledge of trust/asset services, products, and investments. • Proficiency in interpersonal skills, negotiation, and delegation. • Leadership and organization skills. Salary Range: $83,100.00 to $141,300.00 Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component. 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.
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