Northern Trust
Global wealth management and asset servicing
Central Bank Governance Specialist
+ Discretionary bonus + Equity component
More locations: Chicago, IL, USA
The role uses a hybrid model, with time split between the office and working from home.
About the job
- Payment scheme, operations, or risk management experience, ideally in a bank, investment bank, or custody bank.
- Ability to critically assess processes, controls, and regulatory or scheme requirements with attention to detail.
- Ability to systematically assess and challenge existing processes, manage multiple priorities, and deliver to deadlines.
- Ability to use management information and data to measure performance, manage risk, and prioritize actions.
- Microsoft 365 fluency, including SharePoint and collaboration practices for maintaining control artefacts, checklists, and evidence repositories, as well as Teams, OneDrive, and Excel-based management information.
- Applied use of Microsoft 365 Copilot and experience building lightweight agents or automations, such as with Copilot agent capabilities, Copilot Studio, or similar tools.
- Ability to communicate complex topics verbally and in writing to varied audiences.
- Stakeholder-management skills and ability to work across business units and geographies and build internal and external relationships.
- Knowledge of global payment scheme obligations, such as ACH, CHIPS, Federal Reserve services, CHAPS, RITS, T2, and SEPA.
- Ability to operate independently in a fast-paced, dynamic, and demanding environment.
- Oversee adherence to applicable payment scheme rulebooks and access requirements, including Nacha Operating Rules, The Clearing House CHIPS Rules and Administrative Procedures, Federal Reserve Operating Circulars for Fedwire and FedACH, FedLine Solutions security requirements, and other schemes as required.
- Serve as a subject area expert on payment scheme rules.
- Ensure amended and new scheme rules and regulations are implemented into processes and procedures in a timely manner, including mapping and updating regulatory rules.
- Ensure procedures are in place and followed to demonstrate and evidence payment scheme requirements.
- Ensure robust preventative and detective controls are in place, well designed, and operating effectively for business functions, and recommend control improvements.
- Participate in central bank working groups and share lessons learned.
- Contribute to reviewing incident reports to establish root causes, understand payment scheme impacts, and ensure issues are actioned and resolved.
- Build and maintain relationships with Control, Resiliency Office, Regulatory Oversight, Risk, Compliance, and Audit stakeholders.
- Facilitate payment scheme audits and regulatory examinations where applicable.
- Manage and work with management information and data sets, ensuring timely completion of management information and ad hoc reports.
- Relevant industry qualifications or progress toward them.
About the company
Preparing company summary.
Company Size
10,001+
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
1889
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Simplify's Take
What believers are saying
- September 15, 2026 Northern Trust added Olivier Noël for private markets expansion in EMEA.
- September 2026 won Warwickshire Pension Fund custody, valuation reporting, and performance measurement services.
- August 2026 launched eight distributing ladder ETFs, deepening fee-generating product breadth.
What critics are saying
- January 29, 2026 lawsuit seeks $35 million over alleged trust theft and controls failures.
- Q2 2026 included $220 million restructuring charges and a $51 million severance charge.
- State Street and BNY Mellon attack custody pricing; one major controls scandal becomes existential.
What makes Northern Trust unique
- Northern Trust spans custody, wealth, and asset servicing at $20.0 trillion AUC/A.
- August 17, 2026 unified 39 ETFs under Northern Trust ETFs, strengthening distribution clarity.
- July 28, 2026 ETF servicing platform added basket creation, AP servicing, and transfer agency.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Hybrid Work Options
Flexible Work Hours
Mental Health Support
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 11%1 year growth
↑ 11%2 year growth
↑ 11%Northern Trust appoints head of private markets for MidEast. 15 September 2026 Chicago-based asset manager and custody bank Northern Trust has appointed Olivier Noël to the newly-created role of head of private Markets, Emea. Noël is currently country head of Northern Trust in Luxembourg, leader of the bank's Luxembourg-based asset servicing business - roles that he will maintain in addition to his expanded responsibilities. He reports into Nick Gilbert, head of asset servicing for Emea, Northern Trust. Noël joined Northern Trust in 2005 as its head of Luxembourg transfer agency. In his career since, he has worked in senior roles including as chief operating officer (COO) of Northern Trust's Luxembourg Management Company S.A business from 2011, and as COO for NTGS SE since 2020. He has been a member of the NTGS SE authorised management team since 2020. He previously worked at BNP Paribas Securities Services for five years where he managed a number of transfer agency functions including shareholder administration and commission management as well as head of the dealing team. He holds a marketing degree from the Institut D'Enseignement Supérieur de Namur in Belgium.
Northern Trust Wealth Management has appointed Cynthia Brown as president of The Northern Trust Company of Delaware. Brown will report to Chief Fiduciary Officer Laura Mandel and oversee the firm's specialised trust services in Nevada. Brown brings over 20 years of trust and fiduciary experience. She most recently served as director of special situs trusts and president of the Delaware Trust Company for Mechanics Bank. Previously, she spent two decades at Commonwealth Trust Company after four years in private law practice. Brown succeeds David Diamond, who has held the role since 2014 and will remain with the business until his retirement at year-end. Northern Trust Wealth Management had $534 billion in assets under management as of 30 June 2026.
Wealth Management appoints new President of The Northern Trust Company of Delaware. Wealth Management News | September 14, 2026 Cynthia Brown appointed President of The Northern Trust Company of Delaware. Wilmington - Northern Trust Wealth Management has appointed Cynthia Brown as President of The Northern Trust Company of Delaware. Reporting to Chief Fiduciary Officer Laura Mandel, Brown will also oversee Northern Trust's specialized trust services in Nevada. Brown joins Northern Trust with more than 20 years of trust and fiduciary experience. She most recently served as Director of Special Situs Trusts and President of the Delaware Trust Company for Mechanics Bank. Before that, she spent two decades at Commonwealth Trust Company, following four years in private law practice at Drinker Biddle & Reath LLP. Brown has played an active role in the development of Delaware trust legislation and is a Fellow of The American College of Trust and Estate Counsel. "Cynthia knows this work from every angle as a fiduciary leader, an attorney and a contributor to the evolution of Delaware trust law," Wealth Management President Jason Tyler said. "She brings the technical expertise and practical perspective clients rely on when trust planning becomes especially complex." Brown succeeds David Diamond, who has held the role since 2014 and will remain actively involved in the business until his retirement at the end of this year. Tyler added: "David built a practice defined by judgment and care - exactly what families need when they are planning across generations. His leadership has strengthened our Delaware and Nevada trust business and left it well positioned for the future." Northern Trust Wealth Management is a premier private bank serving affluent individuals and families, family offices, foundations and endowments, and privately held businesses. Northern Trust Wealth Management, which combines deep expertise with innovative technology and service excellence, had US$534 billion in assets under management as of June 30, 2026. The Northern Trust Company is an Equal Housing Lender. Member FDIC. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit Northern Trust Corp on northerntrust.com. Follow Northern Trust Corp on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions. Cookie Notice. Northern Trust Corp use necessary cookies to analyse its traffic to help Northern Trust Corp ensure its website works as expected. Northern Trust Corp would also like to use optional cookies to improve its site and provide you with a more personalised experience. You can choose to enable optional cookies by clicking "Accept All Cookies". To manage your cookie preferences please click "Manage Cookies". You can learn more about its use of cookies and similar technologies, your choices and how to manage them in its Cookie Notice
Northern Trust has been appointed by Warwickshire Pension Fund to provide global custody, valuation reporting, capital call execution and performance measurement services. The UK public pension fund manages approximately £3.6 billion in assets. The mandate strengthens Northern Trust's pension-servicing franchise, though contract duration and fees were not disclosed. Warwickshire's assets represent roughly 0.024% of Northern Trust's $20 trillion in assets under custody or administration as of June 30. Warwickshire is one of 18 partner funds in Border to Coast Pensions Partnership. Successful delivery could provide Northern Trust with a reference for additional pension mandates. Northern Trust reported second-quarter custody and fund administration fees of $512.3 million, up approximately 9% year-over-year. Management attributed the growth primarily to favourable markets and net new business.
Northern Trust expands retail unit trust capabilities in Singapore. Relationship with Perpetual brings together asset servicing and trustee expertise to deliver a comprehensive solution for investment managers SINGAPORE-(BUSINESS WIRE)-Northern Trust (Nasdaq: NTRS) today announced the expansion of its Singapore unit trust offering through a relationship with Perpetual (Asia) Limited. Together, the firms provide investment managers with access to a comprehensive servicing solution for Singapore unit trust structures, combining Northern Trust's custody, fund administration and middle-office outsourcing capabilities with Perpetual's trustee services. As demand for Singapore's fund industry continues to evolve, this relationship combines Northern Trust's expertise in asset servicing with Perpetual's trustee capabilities to deliver a scalable and integrated solution for investment managers. Share Perpetual (Asia) Limited is part of the Perpetual Group and is a well-established provider of trustee and fiduciary services for Singapore unit trusts, REITs, collective investment schemes and debt market structures. "We are pleased to have established this relationship with Perpetual, which expands our ability to support retail Singapore unit trusts and further enhances our servicing capabilities in Singapore," said Yen Leng Ong, Country Head of Singapore at Northern Trust. "This relationship combines Northern Trust's expertise in asset servicing with Perpetual's trustee capabilities to deliver a scalable and integrated solution for investment managers. As demand for Singapore's fund industry continues to evolve, we are well-positioned to support both existing and new managers with the operational infrastructure and servicing capabilities required across the fund lifecycle." "Perpetual is pleased to support Northern Trust's servicing of Singapore unit trusts," said Matthew Allen, Managing Director, Asia Pacific at Perpetual. "The relationship brings together complementary capabilities, enabling Northern Trust to focus on the day-to-day operations of the funds while Perpetual independently fulfills its fiduciary responsibilities as trustee and safeguards the interests of unitholders. We believe this approach provides investment managers with a robust and efficient solution for Singapore unit trust structures and supports the continued growth of the market." Northern Trust provides a complete suite of asset servicing solutions for global investment managers including fund administration, global custody, investment operations outsourcing and data solutions, supporting a range of complex investment strategies across the full spectrum of asset classes. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit Business Wire, Inc. on northerntrust.com. Follow Business Wire, Inc. on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions. Contacts. Media Contacts Europe, Middle East, Africa & Asia-Pacific: US & Canada: More News From Northern Trust Corporation CHICAGO-( BUSINESS WIRE )-Northern Trust Asset Management launched the Northern Institutional Funds Stablecoin Cash Reserves Portfolio (NSCXX)... CHICAGO-( BUSINESS WIRE )-Northern Trust Asset Management appointed Amy Johnston as Head of the Global Institutional Client Group on September 1, 2026... SYDNEY-( BUSINESS WIRE )-Northern Trust and CSC will explore opportunities to advance digital investment infrastructure and support innovation across institutional markets...