U.S Financial Regulations Senior Legal Counsel

About Northern Trust :

Is this the next step in your career Find out if you are the right candidate by reading through the complete overview below.

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.

U.S Financial Regulations Senior Legal Counsel

The Global Regulatory Affairs Office (GRAO) is responsible for overseeing the enhancement of our risk management and controls, remediation of regulatory and audit findings and the administration of regulatory affairs.

This US Rules & Obligations Specialist role sits within the GRAO with responsibility for providing subject matter expertise across a multi-year regulatory and risk program.

This role will report into the Program Sponsor who has responsibility for delivery of the Compliance Program. This key pillar of the Program involves developing and executing a sustainable infrastructure and process that documents NT’s obligations arising from material laws, regulations, and rules, and connects the obligations to our Risk Inventory and Rules Inventory, to support compliance with those laws, regulations, and rules.

Enabling NT to trace end-to-end connections between laws, regulations, rules, policies, processes, and controls.

The ideal candidate will be a lawyer with deep legal and regulatory awareness, knowledge of US Alphabet Regulations’ and the impact of non-compliance.

They must be able to work with diverse, cross-functional teams and stakeholders across the organization.

Principal Responsibilities

The key responsibilities of the role include :

• Development and maintenance of the legal obligations for NT’s legal entities and business units in the US with a particular focus on Alphabet Regulations’.
• Work within a global program team, against agreed prioritization, milestones, and deliverables.
• Research and analyze laws, regulations, and rules to assess applicability and impact across the jurisdictions in which NT operates, conducting gap analyses on the completeness and accuracy of existing obligations.
• Work closely with the Global Regulatory Change Framework & Oversight team (GRCFO) to monitor, identify, and document changes in legal and regulatory developments for the US.
• Collaborating with legal and regulatory subject matter experts across all Lines of Defense to provide written summaries around regulatory interpretation of existing and new obligations and advise on developments as needed, including policies, products / services and controls.
• Maintain clear documentation, data and audit trails around interpretation and traceability for future reference, linking into legal entity, regulatory license, business unit and product data, and the firm’s Risk Inventory and Rule Inventory.
• Instruct and liaise with external counsel working closely with the Legal Department.
• Serve as an individual contributor who takes ownership of activities but solicits support as needed to drive successful outcomes and fosters an environment of transparency and trust within their management hierarchy.

Skills / Experience

• Senior lawyer with relevant experience obtained in private practice or in-house at a financial institution.
• Deep understanding of regulatory, compliance and risk related matters in region, and experience with regulatory change.
• Knowledge of the financial services industry, especially asset servicing, wealth management and banking, and the regulatory environment in which we operate including regulatory themes emerging within industry.
• Excellent legal research and writing skills, with strong attention to detail and analytical skills to collect data and find fact patterns that may drive policy development and risk management.
• Great skills across communication (verbal and written), facilitation, interpersonal, and conflict resolution.
• Ability to summarise legal and regulatory developments comprehensively and concisely for distribution to a non-legal audience.
• Ability to establish trust-based relationships with stakeholders across enterprise, lead them towards common objectives and managing upwards and downwards (e.

g., experience with acting as a constructive conduit between business and non-business teams).

Strong problem-solving skills, organizational skills and time management skills.

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 [email protected].

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.

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