Northern Trust

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Manager, Compliance (Finance)



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.

We are searching for a Head of Global Economic Sanctions Compliance. This partner is responsible for the management and implementation of the Global Economic Sanctions Compliance Program at Northern Trust. This includes oversight of, and adherence to, OFAC's Sanctions Compliance Framework, and providing guidance and oversight on the implementation of sanctions controls in each jurisdiction in which Northern Trust operates.

The Global Economic Sanctions Compliance Manager provides consultation and advice to partners on the implications of economic sanctions regulations to Northern Trust and its businesses. This role will also establish business development strategies to minimize sanctions risk.

The key responsibilities of the role include:

  • Providing guidance to Sanctions Operations and other teams performing sanctions screening;
  • Ensuring the effectiveness of sanctions controls;
  • The review, interpretation, and dissemination of current and proposed sanctions laws and regulations;
  • Advising business partners, including senior management, on sanctions compliance programs and applicable laws, regulations, rules and standards, including keeping them informed of sanctions developments or changes that may affect their business by monitoring and identifying sanctions regulatory change;
  • Providing oversight on sanctions screening system enhancements;
  • Performing a review and analysis of complex sanctions escalations from various business units;
  • Oversight of the annual sanctions risk assessment and assessing the company's sanctions risk profile and efficacy of the sanctions Compliance procedures and guidelines;
  • Identifies situations which may pose significant sanctions Compliance risk and guides management in developing policies and/or procedures that minimize risk; and
  • Interacts with regulators, and internal auditors on sanctions regulatory topics.

Additional duties include:

  • Manages a Compliance group or multiple functions. Conducts the performance management process, identifies training and development needs, and establishes performance standards for the group.
  • Determines staffing needs, makes hiring and firing decisions, handles salary administration, and ensures resources are available to accomplish priorities.
  • Develops the strategic plan and sets goals and priorities based on the direction set for the group. Follows through to ensure that objectives are met.
  • Develops group(s) budget and manages the expenses for the group.
  • Provides leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication.
  • Responsible for regulatory oversight, at the Corporate level of Compliance policy development and/or evaluation of regulatory policies and procedures.
  • Point of contact for regulatory examinations and internal and external audits of Compliance-related topics.
  • Advises business partners, including senior management, on compliance with applicable laws, rules and standards, including keeping them informed on developments with business procedures and processes.
  • Oversees the development of Compliance programs.
  • Partners with senior management to identify Compliance programs which should require training, as well as the partners who should take certain training.
  • Establishes written guidance on compliance with and implementation of applicable laws, rules and standards. This includes policies and procedures and other documents, such as Compliance manuals, internal codes of conduct and practice guidelines.
  • Identifies, documents and, as necessary, escalates Compliance risks associated with the Company's activities.
  • Oversees the development of Compliance risk metrics to enhance Compliance risk assessments and assess the appropriateness of the Company's Compliance procedures and guidelines.
  • Thorough knowledge of applicable laws and regulations, Compliance-related requirements, and risk mitigation techniques, usually acquired through formal education and experience, is required to manage the group.
  • Leadership and organizational skills are required to manage the group or functions and to direct their activities.
  • Analytical and communication skills are required to review laws/regulations and assess impact of new regulations and work with line areas to oversee and manage Compliance activities.

The successful candidate will benefit from having:

  • 10 or more years of experience, preferably in Compliance or risk management; or equivalent related experience.
  • Management experience also required. 5 or more years of sanctions experience.
  • B achelor's Degree required; legal background preferred.

#LI-LK2, #LI-Hybrid

Knowledge: Thorough knowledge of applicable laws and regulations, Compliance-related requirements, and risk mitigation techniques, usually acquired through formal education and experience, is required to manage the group. Leadership and organizational skills are required to manage the group or functions and to direct their activities. Analytical and communication skills are required to review laws/regulations and assess impact of new regulations and work with line areas to oversee and manage Compliance activities.

Experience: 10 or more years of experience, preferably in Compliance or risk management; or equivalent related experience. Management experience also required. 5 or more years of sanctions experience.

Education: B achelor's Degree required; legal background preferred.

Salary Range:
$137,400 - 240,400 USD

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. Apply

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