Manager, Investment Compliance - Wealth Management at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Wealth Management, Financial ServicesIndustries

Requirements

Knowledge of laws and regulations that govern financial services activities (acquired through formal education and experience)
Analytical and communication skills

Responsibilities

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
Oversees compliance with the code of ethics for wealth management and works with team members to identify and manage 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 that 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
Identifies, documents, and escalates to Corporate Compliance and BU management, compliance risks associated with the business unit’s 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