Specialist, Compliance

001 The Northern Trust Company; Chicago (IL); On-site; USD 115,000 - 195,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

Northern Trust is a global financial services company seeking a senior Compliance professional to oversee risk governance and advisory support for Wealth Management Investment Compliance. The role connects regulatory expectations with fiduciary obligations and guides stakeholders across investment-related processes.

You will manage performance, coordinate with Corporate Compliance on training, develop procedures, and assess compliance risks within the business unit, supporting strategic

Qualifications

• 7–10 years of investments-related experience in wealth management, asset management or other financial services.

Responsibilities

• Conducts the performance management process, identifies training and development needs, and establishes performance standards for the team.
• Oversees compliance with the code of ethics for wealth management and works with team to identify and manage conflicts of interest in the investment process.
• Supports standing investment services committees and ad hoc unit committees as appropriate.
• Provides guidance to staff and partners on applicable laws, rules and standards impacting the business.
• Implements the Corporate Compliance Program within the business unit and acts as a contact point for Corporate Compliance inquiries.
• Partners with Corporate Compliance to identify training requirements for business partners.
• Develops written procedures to comply with laws, regulations and standards.
• Identifies and escalates compliance risks to Corporate Compliance and BU management.
• Oversees completion of compliance risk assessments and assesses applicability of the company’s program.

Skills

Compliance leadership

Regulatory knowledge

Risk management

Education

Bachelor's degree

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.

This role supports Wealth Management Investment Compliance and the Wealth Management Investment Practice with compliance risk oversight, policy and procedure governance, business advisory support, and strategic execution across investment-related processes. The position requires a senior compliance professional who can connect regulatory expectations, fiduciary obligations, operational controls, and business priorities into clear guidance for stakeholders. Accountable for the assignment and execution of work with compliance analysts and the performance management process and staffing of the unit. Participates with the Head of Investment Compliance in the developing and executing the strategic plan, update of investment policies and procedures, and other key functions. Will take on additional ad-hoc project work as needed.

The key responsibilities of the role include:

• Conducts the performance management process, identifies training and development needs, and establishes performance standards for the team.
• Overseas compliance with the code of ethics for wealth management and works with team and dentification and management of conflicts of interest in the investment process.
• Supports standing investment services committees and on ad hoc unit committees as appropriate.
• Provides guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication Advises business partners, on applicable laws, rules and standards, which may impact their businesses.
• Implements the Corporate Compliance Program within the business unit and acts as a contact point within the business unit for inquiries from Corporate Compliance partners.
• Partners with Corporate Compliance to identify business partners who are required to take certain training to comply with regulatory requirements.
• Develops written procedures to comply with applicable laws, regulations, rules and standards which may impact the business.
• Identifies, documents and escalates to Corporate Compliance and BU management, compliance risks associated with the business units activities.
• Oversees the completion of compliance risk assessments and participates in assessing the applicability of the Company's Compliance program and guidelines to the business unit.

The successful candidate will benefit from having:

• Knowledge: Knowledge of laws and regulations that govern financial services activities, usually acquired through formal education and experience, is required.
• Analytical and communication skills are required to review laws/regulations and assess impact of new regulations and work with business partners to ensure compliance.
• Knowledge of investment terminology, characteristics of the various, marketplaces, the laws and regulations governing trust investments and taxation, the bank's policies, procedures and strategies, acquired through work experience and formal education.
• Experience: Solid experience, preferably in compliance or risk management; or equivalent related experience. 7-10 years plus years of investments related experience in wealth management, asset management or other financial service organizations.
• Communication skills are required to guide sensitive or difficult situations.

Salary Range: $114,700 - 194,900 USD Salary range is a good faith estimate of base pay.

• 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.

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

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.

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and 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 at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

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, nationality, 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 EOO 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.)