Jobs, fresher vacancy - Global Head of Governance & Compliance (1LOD) • UK

Company: Northern Trust Corp.

UK

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. Executive Leadership and Strategy: Provide strategic leadership and direction across the first line of defense with regards to executing the Enterprise Risk Management Framework, with special focus on Legal Entity Governance, Compliance, and Intra-Company Arrangements. Engage with the Board of Directors, Risk and Operating Committees, internal Executive Leadership and external regulatory bodies on risk and resiliency matters. Participate in key committees to provide insights and guidance on risk and resiliency matters. Legal Entity Oversight: Oversee the organization's legal entities to ensure they are operating in compliance with all relevant laws and regulations. This includes ensuring that each legal entity is appropriately structured and capitalized, monitoring their activities to ensure alignment with its stated purpose and business strategy, and overseeing the governance arrangements for each legal entity, including the composition and effectiveness of its board of directors. Compliance Governance: Ensure compliance with all relevant laws and regulations and develop and implement risk management policies and procedures. Work with regional Conduct Offices to optimize compliance processes and reporting within the first line of defense. Business Process Transition Risk Management: Review process transitions, escalate migration issues, and ensure operational readiness. Intercompany Arrangements (ICA): Provide functional oversight and completion of Intra-Company Arrangements (ICA), maintain the register of ICAs, support due diligence, and track ICA issues. Service Level Agreements: Maintain the inventory of internal service level agreements (SLAs) between the COO Business Services organizations and internal customers – Business Units/Corporate Groups and Legal Entities (LE). Establish tracking and reporting to measure the effectiveness and efficiency of the COO operational units in delivering its services to the rest of the enterprise. Content Management & Reporting: Develop and maintain a centralized systems to provide a comprehensive view of the legal entities management and COO business services. Aggregate, produce and distribute non-risk reporting to Legal Entities and COO to enable discharge of duties – e.g., COO operational SLAs, ICAs, performance metrics, etc. Consult with the Data Governance, 2LOD Enterprise Risk Management, and other Corporate Group support teams to ensure content, templates, metrics, and dashboards are useful and easily consumed by various stakeholders. Risk Culture: Promote a culture of risk awareness and compliance within the organization, ensuring that all employees understand their role in managing risk. Stakeholder Management: Collaborate with other departments, including the second line of defense and internal audit, to ensure alignment on risk management practices. Function as the “enterprise 1LOD hub” to support Legal Entity Owners and other stakeholder groups across our Lines of Defense, providing leadership and driving regulatory change best practice. 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 MyHRHelp@ntrs.com . 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.