Regulatory Risk and Oversight Consultant

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.

Major Duties

• Project manage assigned regulatory change events under the direction and with the support of a Regulatory Risk Management Specialist, coordinating activities across the applicable stages of the regulatory change lifecycle.

• Develop and maintain delivery plans for assigned regulatory change events, including activities, milestones, dependencies, risks, issues, decisions, actions and stakeholder responsibilities.

• Coordinate the engagement of subject matter experts and impacted business, functional and legal-entity stakeholders to support the completion of regulatory applicability, interpretation, scoping, impact and gap assessments.

• Support Regulatory Risk Management Specialists in facilitating discussions to assess the impact of regulatory developments on APAC legal entities, business units, products, services, processes and operations.

• Coordinate the documentation of implementation requirements, accountable owners, target completion dates, dependencies and required evidence arising from regulatory impact and gap assessments.

• Monitor the progress of regulatory change events and associated implementation or remediation activities, follow up on outstanding actions and escalate delays, risks, issues or unresolved dependencies to the supporting Regulatory Risk Management Specialist.

• Coordinate regulatory change governance activities, including preparing meeting materials, maintaining agendas and action logs, documenting decisions and supporting the presentation of regulatory change events at relevant working groups and governance forums.

• Maintain complete, accurate and current regulatory change records, including applicability rationales, assessments, traceability matrices, delivery documentation, supporting evidence, status updates and governance decisions.

• Administer regulatory change events within applicable workflow and recordkeeping systems, supporting data quality, consistent reporting and the maintenance of an effective audit trail.

• Coordinate with Regulatory Oversight teams, subject matter experts, Regulatory Delivery stakeholders, BAU Owners and other impacted parties to support the timely progression of regulatory change events.

• Track implementation and operational readiness activities and coordinate the collection of evidence supporting the completion of agreed regulatory change actions.

• Prepare management information and status reporting for assigned regulatory change events, including progress against milestones, outstanding actions, key risks, issues, dependencies and upcoming decisions.

• Support periodic assurance activities, internal audits and regulatory enquiries by coordinating the retrieval and organisation of relevant regulatory change records and supporting evidence.

• Contribute to the continuous improvement of regulatory change processes, procedures, templates, reporting and workflow tools by identifying recurring delivery or administrative issues and recommending practical improvements.

• Perform other regulatory risk management, project coordination and governance activities appropriate to the role.

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.