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.
Primary Duties:
- Provide compliance advisory support to the APAC FX team in Singapore, Australia, and China, providing input and advice to the business and management partners regarding regulatory requirements and market best practice.
- Assist in the management of the monitoring and surveillance program for the APAC FX business
- Represent compliance in relevant governance forums and committees, analysing, preparing and submitting relevant reports, data and documentation as required
- Evaluate existing and proposed regulatory requirements and expectations against existing processes and control to identify and escalate potential gaps or regulatory risks, including providing recommendations on procedural changes if necessary
- Review and provide feedback on regulatory consultation papers or other guidance and work with applicable industry bodies where relevant and applicable (e.g. ISDA and ASIFMA).
- Communicate, evaluate and assist with implementation of regulatory changes where required
- Prepare and provide inputs to regulatory requests and queries, occasional regulatory interactions may also be required
- Advise on Compliance programs and applicable laws, regulations, rules, standards, risks and documentation including keeping partners and management informed of developments or changes that may affect their area
- Review compliance program against existing regulatory best practices and new developments
- Implement and embed the global and regional Compliance Program, including monitoring, testing, and assurance frameworks and executing against action plans
- Work closely with legal entity compliance officers for the execution of local compliance programs in FX locations related to individual licensing, complaints, breaches, errors and investigations
- Work in partnership with risk, compliance and control team colleagues regionally / globally, including sharing of information and knowledge
- Take responsibility for APAC FX policies and procedures for the regional business, including those for internal Compliance use
- Develop and conduct training as required
- Develop, execute and deliver compliance related projects
Knowledge/Skills/Experience:
- Previous FX experience and knowledge, preferably within a global financial institution and with sales/trading desk advisory experience (primarily covering FX with derivatives knowledge a plus).
- Knowledge of Asia FX regulations (primarily MAS) and relevant Singaporean, Korean, Australian, and Chinese law.
- Knowledge of FX Derivatives Regulations (e.g. Trade Reporting) and an understanding of operational processing requirements of the FX business such as trade booking, settlement and confirmations, including ASIC Derivative Transaction reporting obligations
- Experience of providing compliance advisory and operational support including managing and supporting business changes and new product launches.
- Strong understanding of the MAS Cross Border Exemption framework
- Previous exposure to CFTC Swap Dealer compliance requirements for FX.
- Strong organisational skills, a collaborative approach to work, with strong interpersonal skills
- Ability to operate effectively as part of a global team, facilitating connectivity of the business and compliance with regional and global stakeholders.
- Knowledge of global market conduct guidelines a plus (e.g. Global FX Code and MAS Blue Book)
- Fluent in English and ability to communicate in a clear, concise and effective manner (verbal and written).
- Strong financial industry knowledge/background coupled with compliance or audit or legal or risk management course of work. This will include knowledge of brokerage businesses, preferably within a global financial institution
- Experience in interfacing and communication with all levels of staff
- Project management skills preferred
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
- Previous FX experience and knowledge
- Sales/trading desk advisory experience covering FX
- Knowledge of Asia FX regulations (primarily MAS) and relevant Singaporean, Korean, Australian, and Chinese law
- Knowledge of FX derivatives regulations (e.g., trade reporting) and operational processing (trade booking, settlement, confirmations), including ASIC derivative transaction reporting obligations
- Strong understanding of the MAS Cross Border Exemption framework
- Previous exposure to CFTC Swap Dealer compliance requirements for FX
- Experience providing compliance advisory and operational support, including managing business changes and new product launches
- Experience managing monitoring and surveillance programs for an FX business
- Experience implementing compliance programs, monitoring, testing and assurance frameworks
- Strong financial industry background with compliance, audit, legal, or risk management experience and knowledge of brokerage businesses
- Fluent English with strong verbal and written communication skills
- Ability to operate effectively as part of a global team and interface with all levels of staff
- Knowledge of global market conduct guidelines (e.g., Global FX Code, MAS Blue Book)
- Project management skills
- Experience developing and delivering compliance training
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.
-
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.
-
Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
-
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.
Gallery
