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.

Northern Trust Asset Management:
 

Northern Trust is one of the world’s largest asset management firms with approximately $1.3 trillion in assets under management across a range of investment strategies. Thoughtful investors worldwide are making Northern Trust their asset manager of choice because they develop the answers clients need for today’s challenging world. They have a level of client dedication and collaboration clients can’t find anywhere else and are anchored by renowned integrity and stability. Their investment process combines exhaustive research and vigilant risk management to provide a solid foundation for investing, and they also have an integrated technology platform and processing infrastructure that work around the clock and around the globe.

Job Summary:

The Northern Trust Asset Management (NTAM) Testing analyst will be an individual contributor who will work closely with peers, stakeholders, and the heads of the compliance testing and surveillance team to implement the NTAM Compliance Testing and Monitoring Framework. The overall focus of the team and this position is on assessing the effectiveness of NTAM’s compliance policies.

Responsibilities will include:

Work with process and control owners to understand and document how their business activities meet applicable policy and regulatory requirementsDraft and execute tests designed to validate whether processes and controls are operating as intendedEffectively communicate testing projects, scope, and results with stakeholders and managementRecommend enhancements to processes and controls where policy or regulatory requirements are not being fully metTrack control weaknesses, remediation plans, and testing plan progressCoordinate deep dives into the design and effectiveness of processes and controls relevant to topics of heightened compliance risks or regulatory interest  Advise business partners on compliance programs and applicable laws, regulations, rules, and standardsMonitor regulatory developments such as new or amended rules, guidance, and enforcement actions, and use that information to help drive testing prioritiesSupport the NTAM Compliance Surveillance program through reviews of system alerts that identify potential manipulative trading activity as needed Actively support the enhancement of the NTAM Compliance Program, generallyDemonstrate willingness and flexibility in responsibilities as the team structure evolves;

Qualifications:

Knowledge of the asset management industry, products, and processesFamiliarity with laws and regulations applicable to asset managers, particularly the Investment Advisers Act of 1940, Investment Company Act of 1940, and the Employee Retirement Income Security Act (ERISA)Curious and analytical mindset to be able to learn and critically assess processes and controls for consistency with policy and regulatory requirementsCommunication skills to be able to explain the purpose, requirements, and results of a test to colleagues as well as managementOrganization skills to be able to manage several tests and tasks simultaneouslyResearch skills to be able to locate, understand, and summarize relevant rules, policy requirements, or internal records as needed

Salary Range:

$61,500 - 98,300 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

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.