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/Department:
 

The Practice Oversight Specialist for FX and Brokerage will be responsible for oversight and the administration of the practice obligations, governance, control framework and monitoring compliance with Banking & Markets regulatory requirements. As a subject area expert, the successful candidate, provides proactive leadership and guidance to strengthen compliance with FX and Brokerage regulations, internal Resiliency programs, and Operational Risk. This individual provides operational strategies to minimize risk and assure compliance with relevant legislation and obligations. In addition, they will provide oversight of an effective framework of resiliency including adherence to business continuity, risk self-assessment, vendor and application standards.

 

Uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires specialized depth and/or breadth of expertise in own job discipline or field. Leads others to solve complex problems. Works independently, with guidance in only the most complex situations. May lead functional teams or projects.

The key responsibilities of the role include:

Fosters and promotes Northern’s commitment to a strong risk management culture by developing a control mindset within the business.Able to serve as a key subject matter expertLeads the development of controls and measures to identify operational risk and/or control problems at an early stage and ensures that immediate measures are taken to maintain quality and efficiency standards.Ensures that current policies and procedures are in place (and are being followed) for functions and are in compliance with organizational standards and regulatory requirements.Ensures robust preventative and detective controls are in place, well designed and operating effectively for business functions and drive recommendations to strengthen control.Monitors and maintains Business Continuity and RCSA plans driving enhancements, with no deviation from agreed procedures and processesMaintains regular contact with peers internal and external to firm, including regulators and professional organization.Ensures appropriate oversight / governance of arrangements is in place. Facilitating governance forums as required.Acts in capacity of facilitator for all audits and regulatory examinations where applicable.Builds and maintains relationships with different stakeholders including Control, Risk, Compliance and Audit,Monitors compliance with scheme rules & regulations and the implementation of solutions for improvement;Ensures amended and new scheme rules & regulations are implemented in our processes and procedures in a timely mannerMonitors and documents key risks, errors/near misses and root cause analyses for the Practice. Undertakes analysis and drives recommendation for errors/near misses for the Practice.Ensures practice controls meet regulatory and internal Risk & Control requirementsCompletes any operational requirements specific to assurance of payment scheme rulesEnsures all open issues are resolved and closed in a timely manner.

Skills/ Qualifications:

Operations/audit/control/risk partner with knowledge of the relevant business practice including its strategic goals, associated products and supporting operational functions.Excellent attention to detail and organization skills. Ability to managing multiple priorities.Ability to systematically assess & challenge existing processes.Knowledge of risk management techniques and proven ability to identify and asses risk in business processes, migration activity and new products.Approachable and able to promote teamwork through creative solutionsStrong communication both written and oral with the ability to synthesize information into concise and structured outputNegotiation and analytical skills are necessary to consult with partners/clients throughout the organization as well as regulators and auditors.Effective project management skills are essential to help drive various initiatives.Ability to sell the value added benefit of the oversight function.Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.Knowledge of FX and Brokerage products and associated regulatory landscape and industry best practicesBroad Knowledge of CLM and Client Onboarding Lifecy would be advantageousActs as a resource for colleagues with less experienceMay lead small projects with manageable risks and resource requirements

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.