Manager, Investment Compliance - Wealth Management

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Manager, Investment Compliance - Wealth Management

manager · Risk & Compliance

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

This role supports Wealth Management Investment Compliance and the Wealth Management Investment Practice with responsibility for team leadership, compliance risk oversight, policy and procedure governance, business advisory support, and strategic execution across investment-related processes. The position requires a senior compliance professional who can connect regulatory expectations, fiduciary obligations, operational controls, and business priorities into clear guidance for stakeholders.  

Accountable for the assignment and execution of work with compliance analysts and the performance management process and staffing of the unit. Participates with the Head of Investment Compliance in the developing and executing the strategic plan, update of investment policies and procedures, and other key functions.   Will take on additional ad-hoc project work as needed 

The key responsibilities of the role include:  

• Manages a small business unit compliance team. Conducts the performance management process, identifies training and development needs, and establishes performance standards for the team.  

• Participates in developing the business unit compliance team strategic plan and sets goals and priorities based on the direction set for the team. Follows through to ensure that objectives are met. 

• Overseas compliance with the code of ethics for wealth management and works with team and dentification and management of conflicts of interest in the investment process.   

• Supports standing investment services committees and on ad hoc unit committees as appropriate. 

• Provides guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication 

• Advises business partners, on applicable laws, rules and standards, which may impact their businesses. 

• Implements the Corporate Compliance Program within the business unit and acts as a contact point within the business unit for inquiries from Corporate Compliance partners. 

• Partners with Corporate Compliance to identify business partners who are required to take certain training to comply with regulatory requirements. 

• Develops written procedures to comply with applicable laws, regulations, rules and standards which may impact the business. 

• Identifies, documents and escalates to Corporate Compliance and BU management, compliance risks associated with the business units activities. 

• Oversees the completion of compliance risk assessments and participates in assessing the applicability of the Company's Compliance program and guidelines to the business unit. 

The successful candidate will benefit from having:

Knowledge:  

• Knowledge of laws and regulations that govern financial services activities, usually acquired through formal education and experience, is required.  

• Analytical and communication skills are required to review laws/regulations and assess impact of new regulations and work with business partners to ensure compliance.  

• Management and organizational skills are required to manage the team and direct the teams activities.  Knowledge of investment terminology, characteristics of the various, marketplaces, the laws and regulations governing trust investments and taxation, the bank's policies, procedures and strategies, acquired through work experience and formal education 

Experience:  

• Solid experience, preferably in compliance or risk management; or equivalent related experience. 

• 7-10 years plus years of investments related experience in wealth management, asset management or other financial service organizations  

• Prior management experience is also preferred. 

• Communication skills are required to guide sensitive or difficult situations. 

• Leadership and organizational skills are required to determine the unit goals, resources needed, and to assess and develop the skills of the staff. 

Salary Range:

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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

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 committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.