Global Head of Regulatory Change

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.

About The Role:

As a strategic leader within our Governance and Compliance (1LOD) organization, you will support our business globally as we navigate a rapidly evolving regulatory environment and ensure that with the broader Governance and Compliance Team, we are driving the compliance agenda and delivering expertise to our Business Units and Legal Entities. 

 
As the Head of our Enterprise-wide Global Regulatory Change Team (GRCT), you will be responsible for the following:- 

• Lead and cultivate a team of senior experts who manage global regulatory change across the enterprise, ensuring they are supported with meaningful development opportunities  
• Develop and oversee our global regulatory change strategy, ensuring it aligns with the organization's objectives.  
• Design, implement, and continuously enhance the Global Regulatory Change Framework (GRCF), ensuring it remains aligned with stakeholder feedback and evolves in response to the organization’s changing regulatory and business landscape 
• Develops a sustainable operating model using strategic tools including governance, workflow, data tagging, repository, reporting, security and access. 
• Partners with 2nd line defense and other executive stakeholders to establish a good Horizon Scanning Model to monitor and identify upcoming regulatory changes and trends that could impact the organization on a global or local scale  
• Works with stakeholders to analyze the potential effects of new regulations on the business, its products, services, and operations in the various jurisdictions in which we operate.  
• Ensures that we implement regulatory changes as they arise in the jurisdictions in which we do business, explaining the implications of such regulatory changes and the changes that need to be made to our business models to implement effective ways of addressing the relevant requirements.  This will involve leading and supporting cross-functional initiatives to design, develop, and implement the programs and changes needed for compliance.  
• Interprets complex regulatory change initiatives and being able to present their implications to stakeholders at various levels within the organization.
• Provides expert advice to business areas and key stakeholders on complex regulatory matters.  
• Engage with stakeholders at various levels to ensure that they are mobilized to deal with regulatory change initiatives, some of which will be managed by our Enterprise Change Management Team, some of which will be managed within the GRCT and some of which will be managed directly within business units ensuring the right levels of influence and collaboration with stakeholders at all levels to promote the regulatory compliance agenda and ensure buy-in for change initiatives.  
• Ensures that regulatory practices and internal policies are updated to meet global standards and maintain compliance with requirements.  
• Track, maintain and ensure traceability for the program of work undergone by the department and related programs 
• Establishes effective governance and able to produce MIS around regulatory change initiatives 
• Carry out assurance on our overall compliance with regulatory requirements and report on assurance to senior stakeholders
• Drive the technology agenda in the regulatory compliance space 

Skills/ Experience:

The successful candidate will benefit from having;

• Experience of managing the regulatory change agenda including implementation of large-scale complex change 
• Strong knowledge and expertise of risk infrastructure across 1st, 2nd and 3rd line of Defense  
• In depth understanding of risk management and regulatory change and how they apply in Financial Services organizations including the impact of regulation on the business.  
• Good understanding of products, recognizing the current demands of the market and the need to ensure delivery of regulatory requirements in an evolving and complex environment  
• Complex stakeholder management including C-suite and market associations 
• Strong communication and presentation skills with the ability to interact with stakeholders up to executive level and being able to influence & constructively challenge  
• Ability to adapt to and contribute to change in a positive and constructive manner  
• Knowledge of corporate risk policies and standards and compliance related requirements 
• Experience in rolling out complex programs and improving processes across multiple stakeholders 
• The ability to translate vision into tangible deliverables and results
• Highly flexible and adaptable to change; 
• Technologically savvy with the ability to mine and interpret data;
• Demonstrated leadership and organizational skills and has a strong record of effective people management skills. 

Salary Range:

318,800 to 400,000

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including 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, and 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! Build your career with us and apply today. #MadeForGreater 

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 MyHRHelp@ntrs.com.

 
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.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.