Global Head of Regulatory Change

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.

About the Role:

As a strategic leader within our Governance and Compliance (1LOD) organization, you will support our business globally as we navigate a rapidly evolving regulatory environment and ensure that with the broader Governance and Compliance Team, we are driving the compliance agenda and delivering expertise to our Business Units and Legal Entities. 

 
As the Head of our Enterprise-wide Global Regulatory Change Team (GRCT), you will be responsible for the following:- 

• Lead and cultivate a team of senior experts who manage global regulatory change across the enterprise, ensuring they are supported with meaningful development opportunities  

• Develop and oversee our global regulatory change strategy, ensuring it aligns with the organization's objectives.  

• Design, implement, and continuously enhance the Global Regulatory Change Framework (GRCF), ensuring it remains aligned with stakeholder feedback and evolves in response to the organization’s changing regulatory and business landscape 

• Develops a sustainable operating model using strategic tools including governance, workflow, data tagging, repository, reporting, security and access. 

• Partners with 2nd line defense and other executive stakeholders to establish a good Horizon Scanning Model to monitor and identify upcoming regulatory changes and trends that could impact the organization on a global or local scale  

• Works with stakeholders to analyze the potential effects of new regulations on the business, its products, services, and operations in the various jurisdictions in which we operate.  

• Ensures that we implement regulatory changes as they arise in the jurisdictions in which we do business, explaining the implications of such regulatory changes and the changes that need to be made to our business models to implement effective ways of addressing the relevant requirements.  This will involve leading and supporting cross-functional initiatives to design, develop, and implement the programs and changes needed for compliance.  

• Interprets complex regulatory change initiatives and being able to present their implications to stakeholders at various levels within the organization.

• Provides expert advice to business areas and key stakeholders on complex regulatory matters.  

• Engage with stakeholders at various levels to ensure that they are mobilized to deal with regulatory change initiatives, some of which will be managed by our Enterprise Change Management Team, some of which will be managed within the GRCT and some of which will be managed directly within business units ensuring the right levels of influence and collaboration with stakeholders at all levels to promote the regulatory compliance agenda and ensure buy-in for change initiatives