Compliance Consultant - Global Swap Dealer

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Overview:

Serve as a key operational partner supporting the Global Swap Dealer Compliance Program. The Global Swap Dealer Compliance Program is designed to support the Chief Compliance Officer in fulfilling their regulatory obligations to establish, administer, and oversee a compliance program reasonably designed to ensure the firm's compliance with applicable Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), and other regulatory requirements governing its Swap Dealer activities. Consistent with these objectives, the role will support the CCO through compliance monitoring, facilitation of business and compliance governance processes, issue management, maintenance of policies and procedures, regulatory exam assistance, and other recurring obligations. The successful candidate will work closely with Compliance, Legal, Risk, Operations, Technology, and business stakeholders in the execution of these responsibilities.

Key Responsibilities

• Governance Administration: Support weekly, monthly and quarterly governance meetings by preparing meeting materials, maintaining committee charters, documenting meeting minutes, tracking action items, and facilitating overall governance reporting for the Swap Dealer.
• Issue Management: Track issues from identification through closure, including maintenance of issue logs, remediation partnership, and validation of corrective actions.
• Trade Reconstructions: Perform quarterly trade reconstruction reviews to assess compliance with applicable regulations.
• Periodic Compliance Reviews: Execute recurring monthly, quarterly, and annual compliance reviews, including business personnel tracking, complaints monitoring, surveillance reconciliations, recordkeeping inventory maintenance, and quality control reviews.
• Policy and Procedure Maintenance: Maintain and update Swap Dealer policies and procedures to ensure alignment with current business processes and regulatory developments.
• Business Continuity and Disaster Recovery: Support business continuity and disaster recovery planning including test coordination, results reporting and remediation tracking.
• Regulatory Examinations: Assist with regulatory examinations, internal reviews, and audit activities by coordinating requests, compiling documentation, tracking deliverables, and facilitating stakeholder responses.
• Relationship Management: Build and maintain effective working relationships across Compliance, Legal, Risk, Operations and other stakeholders to support compliance program objectives.
• Initiatives and Program Enhancement: Support strategic initiatives and other priorities necessary for the effective execution and continuous improvement of the Global Swap Dealer Compliance Program.
• Program Execution and Delivery: Maintain accountability for assigned responsibilities and deliverables, ensuring work products are completed accurately and within established deadlines to support the Compliance Program's objectives.

Qualifications

• 5-6 years of relevant experience in Compliance, Regulatory Risk, Audit, Financial Services, Governance, or related field.
• Knowledge of financial services regulations and compliance frameworks; experience supporting regulatory compliance programs, monitoring, testing, governance, or issue management activities preferred.
• Strong organization, analytical judgment, communication, and project-management skills, with the ability to independently manage multiple deadlines.

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Manila Office

The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 - driving meaningful impact and sustainable growth. Learn more.