SENIOR COMPLIANCE CONSULTANT

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.
As a Northern Trust employee (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.
Northern Trust is committed to working with and providing adjustments to
individuals with health conditions and disabilities. If you would benefit from
adjustments for any part of the employment process, please inform the
recruiter to discuss your individual requirements.
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.
Role/ Department:
Northern Trust has an established Saudi Compliance function; part of a wider
EMEA Compliance framework; with Saudi partners based in Riyadh office. Clear
goals, open communication, promoting collaborative working, empowering team
members and an enjoyable working environment are features of how we try to
operate as a team.
The team uses a structured and risk based Compliance Programme, to provide
assurance to Senior Management of the Saudi licenses to conduct securities
business within the Kingdom; and compliance with their regulatory obligations.
The successful candidate will play a key role in delivering this programme
of work by performing a range of activities, including:
* Acting as a "Trusted Adviser", embedding compliance into day-to-day activities and keeping compliance foremost in everything that we do.
* Provision of a "consultancy" type compliance service, offering pro-active advice, interpretation and clarification on regulatory issues and formal training to all levels of Northern Trust staff.
* Participate in the Compliance Assurance Programme by ensuring that compliance monitoring and testing is undertaken, as required completed successfully by the team, advising management of potential compliance problems and recommending procedural changes.
This role is based in Riyadh and will report to the Chief Compliance Officer &
MLRO of Northern Trust Company of Saudi Arabia. The person will work closely
with all members of the EMEA Compliance team and TNTCoSA Senior Management, as
well as regional/global compliance team members.
The key responsibilities of the role include:
Compliance Advice
* For assigned business units, covering and providing compliance challenge, advice and support on key developments; including regulatory development & engagement, business developments and emerging issues; for both legal entities, Saudi Arabia and Abu Dhabi.
* Lead others with less experience or knowledge of specific compliance topics to drive and sustain a culture of compliance.
* Review, interpret and disseminate of current and proposed laws and regulations for assigned Subject Matter Expert compliance areas.
* Develop creative ways for embedding compliance into key operational processes, in a way that allows partners to clearly understand their compliance duties.
* Identify situations to strengthen the management of compliance risk, including those outside of their assigned SME areas, and recommend plans to address these to Team Leader Compliance and Head of Compliance.
Compliance Monitoring
* Undertake assigned monitoring reviews / compliance risk assessments in line with the Compliance Assurance Programme, and inform the business of the risks identified as well as challenge the adequacy of the relevant controls.
* Monitor and assess the adequacy and effectiveness of the measures, controls and procedures put in place by business units to address NT's compliance with its regulatory obligations.
* Produce timely, accurate, concise and high-quality reports.
Other
* Management and co-ordination of the Regulatory Change process within the Compliance team.
* Take responsibility to complete/perform other tasks contained within the overall Compliance Programme, as required and deputise for/represent Team Leader Compliance at various forums , where required.
* Coordinate appropriate reporting at various governance committees, including the firms' Board; Compliance and Risk Committee.
* Develop a clear understanding of the Northern Trust Compliance System and ensure the system is used effectively.
* Attend relevant business; compliance and regulator meetings; in addition to prep session material to Senior Management ahead of meetings with the Regulators and act as a note taker in Regulatory meetings as required.

Skills/ Qualifications:
* CME ‎1 & ‎2 Qualified.
* Highly motivated individual who wishes to develop their skills within a progressive compliance role in a financial services environment.
* Compliance monitoring, Audit, Risk or Control experience and/or experience of providing advisory support to business areas would be an advantage.
* Ability to convey complex concepts or large amounts of data, in a clear and concise manner to diverse and senior audiences (verbal and written).
* Capable of making decisions, applies sound judgement and knows how/when to escalate.
* Can operate within strict reporting deadlines whilst balancing multiple, competing priorities.
* Influencing and conflict resolution skills.
* Proven and strong learning agility with a keen desire to support the development of others.
* Self-starter and team player.
* Effective oral and written communication skills.
Working with Us:
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. In return, we will
support you with your personal and career goals in a number of ways:
Financial - Life Assurance, Disability Plan, Pension/ Gratuity, Annual Pay
Review
Work Life Balance - Flexible Work Options, Incremental Annual Leave,
Community Volunteer Days
Health & Wellbeing - Private Medical Insurance, Active Sports & Social
clubs (lunchtime and after-work groups), Employee Assistance Program
Professional Development - Clear Career Path, Education Assistance,
Recognition Programme, NT University (wide range of online, virtual & in-house
training options) and employee-led Business Resource Councils dedicated to
diversity and inclusion initiatives.
And Finally
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.