Consultant - Obligations Management

-Northern Trust
Melbourne, Australia

Posted 1 hour ago Permanent Competitive

**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.**Role Summary**:
As part of the Regulatory obligations management team, the Consultant, Obligations Management will support the Head of Regulatory Obligations Management on the management of The Northern Trust Company's (TNTC) regulatory obligations, including maintaining the obligation's library and mapping of compliance obligations to key controls.
- The Consultant will also support the co-ordination and execution of the compliance risk assessment program in Australia independently analyse and challenge risks identified and the related controls assessments. You will also support in conducting deep dives into regulatory focus areas, capture Australian relevant regulatory requirements into the GRC system, monitoring and reviewing accuracy of data in GRC system relating to rules management, with a particular focus on APRA and ASIC requirements.**What you will do**:

- Assists in advising business partners, including senior management, on the compliance obligations including keeping them informed of developments or changes that may affect their area.
- Assists with the management of corporate compliance obligations, including privacy, conflicts of interest and AFSL management
- Assists with developing and maintaining an obligations register and acts as a contact point within the Company for Compliance obligations inquiries from partners.
- Providing advice and challenge on education and training requirements that certain teams must meet so TNT can comply with Compliance Obligations
- Provides oversight and challenge to risks identified and control assessments of Business Units/ First Line and any business decisions across all material risk classes which may adversely affect TNTC
- Support execution of the compliance monitoring program
- Assists with monitoring compliance with legal and regulatory requirements and internal policies and assists the business to understand and comply with these obligations
- Developing training for business on core compliance obligations and advice the People team on appropriate content to be included in compliance owned training modules
- Supports performance of deep-dive reviews into risk/compliance themes including current and future state for potential risks, emerging issues and opportunities
- Supports senior management in developing reporting for compliance obligations
- Support monitoring and reporting of compliance linked audit matters.
- Engages and influences the Regulatory change and obligations management team and broader teams within TNTC to drive a strong risk management culture
- Interacts with business partners, regulators, and internal and external auditors on regulatory topics.
- Assists management to work towards the Company's strategic goals.

**About You**:

- Proven experience in Compliance and/or risk management
- Demonstrated experience in compliance management related matters in a medium to large organisation within a complex environment - experience with compliance obligations, controls design and risk assessments preferred
- Strong working knowledge of obligations for the Wealth Industry, with a focus on ASIC and APRA or exposure to compliance and risk management frameworks preferred
- Ability to operate independently
- Experience in stakeholder management or a proven ability to influence stakeholders
- Experience in leading/facilitating cross-functional committee meetings
- Positive attitude to change, constantly looking for better ways of doing things and challenging status-quo
- Degree in law, business administration or relevant field (desirable)
- Qualification in compliance management related field (desirable).

**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.
- "- In Australia, we are actively involved in many ways with both community and diversity organisations, which includes paid volunteer days. For families, we offer a very generous parental leave scheme, and all staff have access to s