associate Consultant, global compliance testingNorthern Trust

The Associate Consultant is part of the Global Testing Complaince (GCT) Team and is tasked with the execution and active management of independent testing reviews for the region, ensuring targeted testing of regulatory obligations.
GCT operates in the second line of defense and assists in the evaluation and implementation of the Northern Trust Compliance model. The Compliance function is responsible for ongoing oversight and reporting regarding regulatory obligations to senior compliance and business management; Uses specific knowledge of GCT 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 working knowledge and experience in own job discipline; Continues to build knowledge of the company, processes and clients; Performs a range of assignments related to job discipline; Uses prescribed guidelines or policies in analyzing situations; and Receives a moderate level of guidance and direction.
Main Responsibilities:
Scopes, plans, conducts and documents independent compliance testing for Northern Trust, financial services regulated entities within the region, including the identification of testing requirements
Implements and enhances the regional GCT program in coordination with local, regional and global GCT partners and regional compliance functions
Executes the annual GCT plan by conducting GCT testing, working closely with manager and meeting scheduled deadlines
Performs reviews within the deadlines and scope outlined and agreed while considering both global and regional requirements as well as local policies and regulations
Follows established policies, procedures and standards for testing, including appropriately documenting testing performed
Applies analytical skills to identify potential gaps or areas for control enhancement within the first and second lines of defense•Validates and communicates results in clear, concise language, escalating key risks in a timely manner
Tracks issues identified and conduct risk-based testing of solutions implemented
Partners with Audit senior management, business partners and relevant compliance functions to coordinate GCT testing
Develops strong relationships with Business Units
On an ad hoc basis, advises business partners on applicable laws, regulations, rules, standards and best practices which may impact their business
Works closely with global and regional GCT teams as required
Works in partnership with the wider Compliance, Risk and Controls teams
Produces and analyzes GCT reports and data for internal committees and boards
Attends training and information sessions to continue to build knowledge regarding the regulatory environment and to enhance personal development
Solves problems in straightforward situations
Analyzes possible solutions using technical experience and judgment and precedents
Impacts quality of own work and the work of others on the team
Works within guidelines and policies
Qualifications
Provides informal guidance to new team members
A College or University degree and/or relevant proven work experience is required
7 - 10 years of related experience
Requires ability to communicate in a clear, concise and effective manner (verbal and written)
Requires experience related to monitoring/testing, including planning of tests, ideally gained through experience in compliance testing, operational risk or internal/external audit
General knowledge of bank compliance regulations; knowledge of specific topics such as payments, market abuse, privacy, AML, ABC, Sanctions, fraud is a plus
Requires understanding of regional regulations and relevant laws
Requires knowledge of Custody, Asset Servicing, FX, Fund Administration, Brokerage businesses as well as corporate governance such as outsourcing and bank secrecy requirements.
Displays confidence and expertise to advise management and the business•Requires experience providing compliance advisory and operational support
Requires proactivity and minimal supervision
Displays strong organizational skills, a collaborative approach to work, with strong interpersonal skills
Deals effectively with multiple competing deadlines
Requires attention to detail
Requires expanded conceptual knowledge in own job discipline
Understands key business drivers; uses this understanding to accomplish own work
Explains complex information to others in straightforward situations
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
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 that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:
Gender Equality Index Member, Bloomberg
Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine
We'd love to learn more about how your interests and experience could be a fit with one of America's best banks and most sustainable companies! Build your career with us and apply today.
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 reasonable accommodation for any part of the employment process, please email us at [Protected Info]
Additional Information
Northern Trust

Manila City, Metro Manila
Permanent
Full-time