About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
This role supports Wealth Management Investment Compliance and the Wealth Management Investment Practice with responsibility for team leadership, compliance risk oversight, policy and procedure governance, business advisory support, and strategic execution across investment-related processes. The position requires a senior compliance professional who can connect regulatory expectations, fiduciary obligations, operational controls, and business priorities into clear guidance for stakeholders.
Accountable for the assignment and execution of work with compliance analysts and the performance management process and staffing of the unit. Participates with the Head of Investment Compliance in the developing and executing the strategic plan, update of investment policies and procedures, and other key functions. Will take on additional ad-hoc project work as needed
The key responsibilities of the role include:
- Manages a small business unit compliance team. Conducts the performance management process, identifies training and development needs, and establishes performance standards for the team.
- Participates in developing the business unit compliance team strategic plan and sets goals and priorities based on the direction set for the team. Follows through to ensure that objectives are met.
- Overseas compliance with the code of ethics for wealth management and works with team and dentification and management of conflicts of interest in the investment process.
- Supports standing investment services committees and on ad hoc unit committees as appropriate.
- Provides guidance to staff, fostering an environment that encourages employee participation, teamwork, and communication
- Advises business partners, on applicable laws, rules and standards, which may impact their businesses.
- Implements the Corporate Compliance Program within the business unit and acts as a contact point within the business unit for inquiries from Corporate Compliance partners.
- Partners with Corporate Compliance to identify business partners who are required to take certain training to comply with regulatory requirements.
- Develops written procedures to comply with applicable laws, regulations, rules and standards which may impact the business.
- Identifies, documents and escalates to Corporate Compliance and BU management, compliance risks associated with the business units activities.
- Oversees the completion of compliance risk assessments and participates in assessing the applicability of the Company's Compliance program and guidelines to the business unit.
The successful candidate will benefit from having:
Knowledge:
Knowledge of laws and regulations that govern financial services activities, usually acquired through formal education and experience, is required.
Analytical and communication skills are required to review laws/regulations and assess impact of new regulations and work with business partners to ensure compliance.
Management and organizational skills are required to manage the team and direct the teams activities. Knowledge of investment terminology, characteristics of the various, marketplaces, the laws and regulations governing trust investments and taxation, the bank's policies, procedures and strategies, acquired through work experience and formal education
Experience:
Solid experience, preferably in compliance or risk management; or equivalent related experience.
7-10 years plus years of investments related experience in wealth management, asset management or other financial service organizations
Prior management experience is also preferred.
Communication skills are required to guide sensitive or difficult situations.
Leadership and organizational skills are required to determine the unit goals, resources needed, and to assess and develop the skills of the staff.
Salary Range:
$83,100 - 141,300 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work Authorization
Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
Working with Us
As a Northern Trust 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 committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
Skills Required
- Knowledge of laws and regulations governing financial services activities
- Analytical and communication skills to interpret regulations, assess impacts, and advise business partners
- Management and organizational skills to manage the team and direct activities
- Knowledge of investment terminology, marketplaces, trust investment regulations, taxation, and bank policies and procedures
- 7-10 years of investment-related experience in wealth management, asset management, or other financial services organizations
- Solid experience in compliance or risk management, or equivalent related experience
- Prior management experience
- Communication skills to guide sensitive or difficult situations
- Leadership and organizational skills to determine unit goals, resource needs, and staff development
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
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Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
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Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
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Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
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