Manager, Investment Compliance - Wealth Management

Northern Trust; Chicago (IL); On-site; USD 83,000 - 142,000; Full time

Job summary

Join a forward-thinking financial institution as a Manager in Investment Compliance. This role involves leading a compliance team, ensuring adherence to regulations, and guiding business partners in the wealth management sector. You will play a crucial part in developing strategic compliance initiatives and fostering a culture of teamwork and communication. With a commitment to diversity and personal growth, this dynamic organization offers a collaborative environment where your contributions will be valued. If you are passionate about compliance and looking to make a significant impact in a reputable firm, this opportunity is for you.

Benefits

Comprehensive Benefits Package

Discretionary Bonus

Flexible Work Environment

Community Service Opportunities

Personal Growth Programs

Qualifications

• 7-10+ years of experience in wealth management or financial services.
• Strong knowledge of laws and regulations governing financial services.

Responsibilities

• Manage a small compliance team and oversee performance management.
• Develop and implement compliance policies and procedures.

Skills

Compliance Management

Risk Management

Analytical Skills

Communication Skills

Leadership Skills

Education

Bachelor's Degree in Finance or Related Field

Master's Degree (Preferred)

Job description

Manager, Investment Compliance - Wealth Management

Join to apply for the Manager, Investment Compliance - Wealth Management role at Northern Trust

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.

Job Title:

Manager, Wealth Management Investment Compliance

Job Description Summary

Responsible for managing a small Business Unit Compliance Team. Accountable for the assignment and execution of work with compliance analysts, performance management, and staffing of the unit. Participates with the Head of Investment Compliance in developing and executing the strategic plan, updating investment policies and procedures, and other key functions. Will take on additional ad-hoc project work as needed.

Major Duties

• Manages a small business unit compliance team. Conducts performance management, identifies training and development needs, and establishes performance standards.
• Participates in developing the business unit compliance team strategic plan, sets goals and priorities, and ensures objectives are met.
• Oversees compliance with the code of ethics for wealth management and manages conflicts of interest in the investment process.
• Supports standing investment services committees and ad hoc unit committees as appropriate.
• Provides guidance to staff, fostering an environment of participation, teamwork, and communication.
• Advises business partners on applicable laws, rules, and standards impacting their businesses.
• Implements the Corporate Compliance Program within the business unit and acts as a contact point for inquiries from Corporate Compliance partners.
• Partners with Corporate Compliance to identify training requirements for business partners to ensure regulatory compliance.
• Develops written procedures to comply with applicable laws, regulations, rules, and standards.
• Identifies, documents, and escalates compliance risks to Corporate Compliance and BU management.
• Oversees compliance risk assessments and participates in applying the company's compliance guidelines to the business unit.

Knowledge

• Knowledge of laws and regulations governing financial services, acquired through education and experience.
• Analytical and communication skills to review laws/regulations and assess their impact, working with business partners to ensure compliance.
• Management and organizational skills to manage the team and direct activities, with knowledge of investment terminology, marketplaces, laws, regulations, policies, procedures, and strategies.

Experience

• Experience in compliance or risk management, or related fields.
• 7-10+ years of investments-related experience in wealth management, asset management, or financial services.
• Prior management experience is preferred.
• Strong communication skills for guiding sensitive or difficult situations.
• Leadership and organizational skills to set unit goals, allocate resources, and develop staff skills.

Salary Range

$83,100 - 141,300 USD

Includes a comprehensive benefits package, discretionary bonus, and other well-being benefits.

Working With Us

Join a flexible, collaborative organization committed to community service and personal growth. We value diversity, inclusion, and flexibility. Apply today to build your career with us.

Reasonable Accommodation

We are committed to providing accommodations for individuals with disabilities. Contact [e-mail] for assistance.

Additional Information

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance and Sales