Global Head of Wealth Management Compliance

001 The Northern Trust Company; Chicago (IL); In loco; USD 172.000 - 301.000; Tempo pieno

Vantaggi offerti da questo lavoro

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Bonus program

Descrizione del lavoro

The Northern Trust Company is seeking a seasoned Global Wealth Compliance leader to drive strategy, execution and governance for the firm’s wealth management regulatory posture. You will oversee a global team and partner with senior executives to ensure robust compliance across jurisdictions.

Responsibilities include enhancing the wealth compliance program, managing regulatory exams and inquiries, and advising product teams on new initiatives while protecting clients and the firm’s reputation.

Competenze

• Deep knowledge of wealth-related regulatory frameworks across major jurisdictions.
• Strong risk management acumen and conduct risk awareness.
• Proven ability to influence regulators, boards, and executive leadership.

Mansioni

• Partner with the CCEO to develop and execute the compliance strategy for Global Wealth Compliance.
• Lead and enhance the end-to-end Global Wealth compliance program, including regulatory compliance and AML/CTF.
• Oversee policies, controls, monitoring, and QA across the Wealth business.

Conoscenze

Wealth compliance

Regulatory frameworks

Leadership

Risk management

Regulatory engagement

Formazione

Bachelor's degree required

Descrizione del lavoro

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. The Global Head of Wealth Compliance is responsible for leading, developing, and executing the compliance strategy for the firm’s global wealth management business. This role ensures that the organisation meets all regulatory obligations across jurisdictions, maintains robust conduct and fiduciary standards, and implements effective compliance frameworks that support sustainable business growth, protect clients, and safeguard the firm’s reputation. This is a senior leadership position that requires deep expertise in wealth and investment management regulation, strong risk management acumen, and the ability to influence executive‑level stakeholders globally. The role oversees a global team of compliance professionals and reports directly to the Global Chief Compliance and Ethics Officer (CCEO).

Key Responsibilities

Partner with the CCEO to develop and execute the compliance strategy for Global Wealth Compliance in alignment with business objectives, regulatory expectations, and the firm’s risk appetite. Provide forward‑looking compliance guidance on business initiatives, regulatory change, and emerging risk trends. Lead and enhance the end‑to‑end Global Wealth compliance program, including regulatory compliance, conduct risk management, financial crimes compliance (e.g., AML, sanctions), conduct adherence partnering with relevant peer leaders as required Oversee the effectiveness of policies, controls, monitoring activities, and quality assurance across the Wealth business. Support the Global Wealth business in the identification of emerging compliance risks and ensure proper monitoring, testing, and mitigation strategies are in place. Support the Global wealth business in the identification of emerging compliance risks and ensure proper monitoring, testing, and mitigation strategies are in place. Integrate Wealth Compliance activities with the broader Enterprise Risk Management framework. Serve as the primary Compliance point of contact for regulators overseeing the Global Wealth business. Act as a trusted advisor to business leaders and product teams on new initiatives, new product approvals, digital wealth solutions, and client onboarding models. Provide clear, pragmatic guidance to support commercial objectives while protecting the firm and its clients Lead interactions related to exams, inquiries, remediation activities, and regulatory reporting specific to the Global Banking and Markets business. Partner with Compliance Senior Leadership Enterprise Compliance members to lead the implementation of the Wealth Compliance Program across the Wealth legal entities Advise business partners, including senior management, on compliance risks specific to the Wealth business Oversee compliance with global, regional, and local regulatory requirements (e.g., FCA, SEC, FINRA, MAS, ESMA, ASIC, SFC). Ensure effective regulatory change management for wealth‑related rules, including suitability, best‑interest duties, AML/CTF, sanctions, cross‑border marketing, data privacy, and consumer protection partnering with peer leads as appropriate Participate in governance forums, and regional/legal entity forums as appropriate providing regular updates on compliance risk matters, inclusive of themes, regulatory developments, and significant incidents Provide relevant subject matter expertise for training programs to ensure employees understand regulatory obligations and ethical standards. Lead and develop a high‑performing, globally distributed team of Compliance Officers. Promote collaboration, professional development, and operational excellence. Ensure strong succession planning and resource management.

Qualifications

The successful candidate will demonstrate some of the following skills: Foster a strong compliance risk management and accountability across the Wealth organisation. Champion behavioural expectations aligned with Northern Trust’s values and conduct risk principles. Provide leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication Deep knowledge of wealth‑related regulatory frameworks across major jurisdictions. Strong understanding of investment products (e.g., funds, structured products, discretionary portfolios, alternatives, ESG offerings) Abide by all regulatory and corporate requirements Promote Northern Trust’s OneNT strategy of strengthening resiliency and manging risk, optimizing growth and driving productivity through the NT enablers of technology, talent and data. Act as a role model and demonstrate cultural behaviours of being relentlessly client centric. Constantly managing risk, respectfully candid, intentionally inclusive and always accountable. The successful candidate will benefit from having: 15+ years of progressive Compliance experience Deep knowledge of global regulatory frameworks (SEC, FRB, FCA, PRA, MAS). Strong understanding of compliance risk management, conduct risk, and financial crimes compliance. Proven ability to influence regulators, boards, and executive leadership. Excellent strategic thinking, analytical skills, and judgement. Strong leadership presence with outstanding communication skills. Bachelor’s degree required; JD, MBA, CAMS, or other advanced qualifications preferred.

Salary Range

Salary Range: $171,700 - 300,500 USD Salary range is a good faith estimate of base pay.

Benefits

• 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
• 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!

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 [e-mail]. 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.

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.

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

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

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.)

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.