Senior Consultant, Compliance
Posted on Jan 16, 2020 by Northern Trust
As part of the UK and Mainland EMEA Compliance team, this role is to act as the second line of defence, compliance officer for Northern Trust Global Services Limited ('NTGS SE'), a Luxembourg regulated firm, branches in the Netherlands and Sweden and its registered office in South Africa. The role will be based in our Amsterdam office, and will be responsible for the application of the NTGS SE Compliance Guidelines and framework within NTGS SE branches in the Netherlands and Sweden and the registered office in South Africa. This entails the identification, assessment, reporting and advising to the executive management of these entities of the compliance risks as defined within the NTNGS SE Compliance guidelines and framework. This role will report to the Chief Compliance Officer of NTGS SE and assist the executive management of NTGS SE branches in the Netherlands and Sweden and its registered office in South Africa in their management of the compliance risks. . The individual may also be asked to support the wider Compliance team and business units as necessary..
The successful candidate will be the assigned as the Compliance Officer and Money Laundering Reporting Officer ('MLRO') with the Dutch regulator and the Swedish Regulator. She or he will liaise with the external consultant who is our registered Compliance Officer in South Africa.
The key responsibilities of the role include:
• Deliver a "consultancy" style service to partners in business, including business projects, new product offerings, offshoring considerations etc., providing challenge to the business and escalation to senior Compliance management as necessary;
• Be the Subject Matter Expert ('SME') on Home and Host State regulations impacting the branches, and interpret business and legal entity impact where the business model or regulations change;
• Work with the UK based Anti-Financial Crime Unit and the NTGS SE Money Laundering Reporting Officer (MLRO) to ensure that the requirements are captured as required by the teams controls;
• Work in partnership with the wider Compliance and Controls teams, especially the Depositary Control team;
• Create and maintain the list of rules, controls and risk ratings as they relate to the Netherlands, Sweden and South Africa, co-ordinating with other Compliance Officers where appropriate;
• Support the creation and maintenance of the Compliance policies and standards, and the development of training to partners in particular those based in country, including induction training;
• Monitor and assess on a day to day basis the adequacy and effectiveness of the measures, controls and procedures put in place by the business to address the company's compliance with its regulatory obligations;
• Attend relevant business and compliance meetings and provide the compliance view of the business;
• Assist the NTGS SE Chief Compliance Officer and the Head of EMEA Regulatory Developments and the business to monitor regulatory developments, including industry thinking and guidance, as they relate to Northern Trust's activities in the Netherlands, Sweden and South-Africa;
• Be the point of contact for the local regulators, working with the business to respond to regulatory requests, meetings and reporting relating to the Netherlands, Sweden and South Africa, and liaising with the NTGS SE Chief Compliance Officer and Head of EMEA Compliance Assurance & Regulatory Liaison.
• Produce and provide the assessment of, and information on, the compliance risks of NTGS SE branches in the Netherlands and Sweden, and its registered office in South Africa, within the reporting for the NTGS SE Head Quarter Compliance function and the Senior Management Governance bodies.
The successful candidate will benefit from having:
• Fluent in Dutch and English;
• Knowledge of the main EU Directives applying to NTGS SE Head Quarter and branches in the Netherlands and Sweden (CRD4, UCITS and AIFMD, MLD5, MiFID II …) and/or knowledge of the laws and regulations applicable to a Luxembourg regulated branch in the Netherlands and Sweden;
• Strong knowledge of the banking and administrative services to UCIs and asset managers
• Experience of providing compliance advisory support to operational business areas within UCI banking and administrative financial services environment;
• Excellent communication (verbal and written) and interpersonal skill;
• Proven strong organisational skills;
• Lateral thinker with an ability to interpret and solve complex issues;
• Conflict resolution skills with a collaborative and consensual approach to work;
• Ability to influence senior staff outside of your direct team, across a number of countries;
• Ability to use initiative and work unsupervised in a proactive manner;
• Collaborative and flexible approach to work.
The competencies that would be valuable for this role include:
• Excellence in Execution;
• Effective Communication;
• Analytical Thinking;
• Problem Solving Skills;
• Focused Client Relationships;
• Time Management
About Northern Trust:
Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
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 that is committed to strengthening the communities we serve!
We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018.
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 ethical companies. Build your career with us and apply today.