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Senior Consultant, Compliance - APAC Securities Finance and Treasury

Northern Trust
Sydney, Australia
Closing date
Jul 14, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

What you will do

Northern Trust is currently seeking a Senior Consultant, Compliance (Vice President level)to be responsible for overseeing the review, interpretation, and dissemination of current and proposed laws and regulations relevant to the APAC Securities Finance and Treasury business. Provide guidance and advice to partners regarding Compliance risks and participate in the establishment of business development strategies to minimize risk and ensure compliance with applicable laws and regulations.

APAC Securities Finance and Treasury Compliance forms part of the International Banking and Markets Compliance team, which sits within the Global Banking and Markets Compliance and the Corporate Risk function which is entrusted with ensuring identification, risk assessment and monitoring of all our regulatory obligations in the locations we operate.

This role is in the second line of defence and will assist in the implementation of the Northern Trust Compliance framework. The Compliance function is responsible for ongoing oversight and reporting on regulatory obligations to our senior compliance and business management.

This role supports the APAC Securities Finance and Treasury businesses in relation to all aspects of the compliance programme including understanding and interpreting regulatory requirements and leading relevant regulatory engagements. This role requires monitoring, testing, assurance, policy drafting, training and other duties as assigned.

This role will also require strong stakeholder management and the ability to consult with and advise senior management on an independent basis.

You will report to the APAC Head of Brokerage Compliance, based in Sydney.
  • Provide compliance advisory support to the APAC Securities Finance and Treasury teams, providing input and guidance to the business and management partners regarding regulatory requirements and market best practice
  • Assist in the monitoring and surveillance program for the APAC Securities Finance and Treasury businesses
  • Represent compliance in relevant governance forums and committees, analysing, preparing and submitting relevant reports, data and documentation as required
  • Evaluate existing and proposed regulatory requirements and expectations against existing processes and control to identify and escalate potential gaps or regulatory risks, including providing recommendations on procedural changes if necessary
  • Review and provide feedback on regulatory consultation papers or other guidance to ASIC, APRA, RBA, MAS, and SFC or applicable industry bodies where relevant and applicable.
  • Communicate, evaluate and assist with implementation of regulatory changes where required
  • Prepare and respond to regulatory requests and queries
  • Advise on Compliance programs and applicable laws, regulations, rules, standards, risks and documentation including keeping partners and management informed of developments or changes that may affect their area
  • Review compliance program against existing regulatory best practices and new developments
  • Implement and embed the global and regional Compliance Program, including risk assessments, monitoring, testing, and assurance frameworks and executing against action plans
  • Maintain and execute local compliance programs related to individual licensing, complaints, breaches, errors and investigations
  • Work in partnership with risk, compliance and control team colleagues regionally / globally, including sharing of information and knowledge
  • Take responsibility for Securities Finance and Treasury policies and procedures for the regional banking and markets business, including those for internal Compliance use
  • Develop and conduct training as required
  • Develop, execute and deliver compliance related projects
About You
  • Knowledge of ASIC, APRA, RBA, MAS, and SFC regulations and relevant laws with experience dealing with regulators across broad range of issues
  • Experience of providing compliance advisory and operational support including managing and responding to regulatory exams and audits
  • Strong organisational skills, a collaborative approach to work, with strong interpersonal skills
  • Strong communication skills (verbal and written)
  • Strong financial industry knowledge/background coupled with compliance or audit or legal or risk management course of work.
  • Previous experience and knowledge of securities lending, and treasury markets preferably within a global financial institution and with sales/trading desk advisory experience is preferable
  • Experience in interfacing and communication with all level of staff
  • Project management skills preferred
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 .

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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