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
Are you an experienced assurance professional with a keen eye for detail and a passion for maintaining the highest standards of regulatory compliance? Northern Trust is seeking a dynamic and driven individual to join our team as a Regulatory Assurance Specialist.
In this role, you will report to the Head of Regulatory Assurance (based in Toronto, Ontario) within the Global Regulatory Change Management (GRCM) Department. As a member of GRCM, you will help drive effective regulatory change management practices and remediation of known gaps or weaknesses assigned to the department.
The incumbent will lead and manage global regulatory assurance projects across the organization, ensuring compliance with all applicable regulations and industry standards. We are looking for a strategic thinker with excellent communication, regulatory analysis, and project management skills. If you are ready for a challenging and rewarding opportunity with a leading global financial institution, we invite you to apply
Major Duties
Provide strategic thought leadership in designing and executing the Regulatory Assurance Methodology (1LOD), focusing on regulatory change and remediation.
Take a proactive and agile approach to identifying existing and potential control gaps or weaknesses through assurance reviews as laws, rules, or regulations progress through the regulatory change management process.
Manage multiple regulatory assurance projects simultaneously.
Lead the planning of assurance reviews while maintaining flexibility to accommodate shifting organizational priorities.
Assess the adequacy of proposed and existing controls to mitigate regulatory risk and report findings.
Ensure the Regulatory Change Management Standard and related processes are effectively and consistently executed across the organization.
Apply regulatory and technical expertise during assurance reviews, assess the impact of changes (e.g., new products or services) on regulatory obligations, and provide advisory support to stakeholders.
Engage independently and respectfully with senior and executive management to understand and confirm regulatory compliance risks, business changes, and other significant events that could materially affect the organization.
Interact with global regulators to articulate assurance review results and the regulatory assurance coverage model.
Monitor assurance findings, verify remediation, and ensure related data remains accurate and up to date.
Manage the assurance project pipeline by monitoring regulatory changes and remediation projects assigned to GRCM, ensuring reviews are prioritized and completed in a timely manner.
Lead or participate in working groups and committees (as required) to identify risk trends and root causes, driving continuous improvement of the regulatory assurance methodology and change management processes.
Evaluate changes to the Regulatory Change Management Standard, processes, and supporting systems to ensure they are adequately designed and implemented.
Manage and perform special projects as assigned.
Skills/Experience
Demonstrated subject matter expertise in regulatory compliance topics impacting the financial services sector, preferably in financial risk areas (e.g., credit risk, market risk, liquidity risk) or non-financial risk areas (e.g., fiduciary risk, operational resiliency, compliance risk).
Strong understanding of the structure and requirements of corporate compliance programs and enterprise risk management frameworks.
Several years of experience in regulatory assurance, legal and/or compliance risk management, including regulatory interpretation, control assessments, and assurance activities.
Several years of assurance experience within the financial services industry, ideally in internal audit.
Thorough knowledge of project management principles related to people, systems, and processes, with the ability to deliver value quickly and enable change.
Proven ability to identify complex problems and develop sound, actionable solutions within given constraints.
Strong analytical and organizational skills to effectively conduct assurance reviews.
Excellent verbal and written communication skills, including advanced report writing and negotiation capabilities.
Demonstrated success in achieving results in an agile, dynamic, and high-pressure environment.
Leadership and organizational skills to set departmental goals, determine resource requirements, and manage performance.
A college or university degree; auditing and/or systems experience in a financial institution or similar public accounting experience in the financial services industry is preferred.
Professional certifications (e.g., CPA, CISA, CIA, ACA, ACCA) and technical expertise in areas such as accounting or regulatory compliance are preferred but not required
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.