Senior Consultant, Compliance

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.

Role Summary:

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 conduct training as required.
• Develop, execute and deliver compliance-related projects.

Knowledge/Skills:

• Bachelor’s degree.
• In-depth knowledge of regulations and local laws, Banking Act 1970, Securities and Futures Act 2001 and Financial Advisers Act 2001, acquired through formal education and work experience is required.
• Communication and analytical skills are necessary to consult with partners, and analyze information and apply regulations.
• 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 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 a clear, concise and effective manner (verbal and written).

Experience:

• Minimum 10 years of experience working in banks within Compliance function, prior experience with the MAS (Monetary Authority of Singapore) preferred, with strong financial industry knowledge/background.
• Significant experience in dealing with the MAS across a broad range of issues.
• Experience in interfacing and communication with all levels of staff.
• Project management skills preferred.

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.

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.

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.