Consultant, Global Swap Dealer

Northern Trust Corp; Manila; On-site; PHP 1,200,000 - 2,100,000; Full time

Benefits offered by this job

Inclusive workplace

Philanthropy culture

Job summary

Northern Trust Manila is seeking a seasoned Compliance professional to support the Global Swap Dealer Compliance Program. You will work with Compliance, Legal, Risk, Operations and Technology to monitor governance, manage issues, and oversee policy maintenance in a fast-paced, regulated environment.

The role emphasizes quarterly reviews, regulatory examinations support, and proactive risk mitigation while ensuring timely execution and high-quality deliverables.

Qualifications

• 5-6 years of relevant experience in Compliance, Regulatory Risk, Audit, Financial Services, Governance, or related field.
• Knowledge of financial services regulations and regulatory 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.

Responsibilities

• Governance Administration: Prepare meeting materials, maintain committee charters, document meeting minutes, track action items, and support governance reporting for the Swap Dealer.
• Issue Management: Track issues from identification through closure, maintain logs, coordinate remediation, and validate corrective actions.
• Trade Reconstructions: Perform quarterly trade reconstruction reviews to assess compliance with applicable regulations.
• Periodic Compliance Reviews: Conduct monthly, quarterly, and annual reviews including personnel tracking, complaints monitoring, surveillance reconciliations, recordkeeping, and quality control.
• Policy and Procedure Maintenance: Update Swap Dealer policies and procedures to align with current processes and developments.
• Business Continuity and Disaster Recovery: Support testing coordination, results reporting and remediation tracking.
• Regulatory Examinations: Assist with examinations, internal reviews, and audits by coordinating requests and documenting deliverables.
• Relationship Management: Build and maintain relationships across Compliance, Legal, Risk, Operations and other stakeholders.
• Initiatives and Program Enhancement: Support strategic initiatives for effective execution and continuous improvement of the Global Swap Dealer Compliance Program.
• Program Execution and Delivery: Ensure accountability for responsibilities and on-time deliverables.

Skills

Regulatory compliance

Governance

Audit

Risk management

Project management

Stakeholder management

Education

Bachelor's degree in Finance or related field

Job description

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 [e-mail], 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.

Looking for greater? You found it.

A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants.

Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.

EEO Know Your Rights (U.S.)