Consultant - Obligations Management

**Who we are**

Northern Trust is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. For more than 130 years, our success has been anchored in one purpose: to serve as our clients’ most trusted financial partner, guarding and growing their assets as though they are our own. Our market-leading technological capabilities—spanning from artificial intelligence for currency management, blockchain for fund administration and cloud-based solutions to deliver personalized wealth management services—allow us to deliver the highest level of service to our clients with speed and precision.

**What we do**

Northern Trust’s international business has grown dramatically over the last decade. Some of our largest clients are located in Asia and Australia, which represents a rapidly growing client base for the company. Our intricate understanding of the region allows us to provide unique insights and strategic perspectives to our clients. Currently, we have client offices in Beijing, Hong Kong, Melbourne, Singapore, Tokyo and Kuala Lumpur.

Northern Trust is proud to serve the Australian community with global capabilities, meaningful insights and exceptional service. Institutional clients across Asia Pacific have relied on Northern Trust for effective solutions and ethical guidance across asset servicing and asset management since 1986.

**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 TNTC’s 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
- 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
- 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.

**Your Knowledge/Skills**
- Proven experience in Compliance and/or risk management
- Bachelors degree in law, business administration or relevant filed -Qualification in compliance management related field will be preferred
- 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.

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