About Northern Trust: A Symbol of Financial Expertise and Integrity
Founded in 1889, Northern Trust is a Fortune 500 company that has been a beacon of financial excellence for over 130 years. The institution, which offers innovative financial services, is globally recognized and has bagged numerous awards for its sterling performance in the financial sector. Northern Trust is committed to providing expert guidance to the world’s most successful individuals, families, and institutions, a feat achieved by adhering to its enduring principles of service, expertise, and integrity.
With a robust team of more than 22,000 partners, Northern Trust utilizes leading technology and exceptional service to cater to the needs of its sophisticated clientele. Currently, the company is seeking a Specialist to join the global Central Bank Governance group in Tempe, AZ, as an individual contributor.
A Specialist Role in Northern Trust’s Central Bank Governance Group
The Central Bank Governance group at Northern Trust is responsible for maintaining the company’s central bank payment scheme memberships. This involves ensuring that the bank adheres to scheme rules and requirements, including annual scheme membership assurance.
The successful candidate will provide proactive leadership and guidance to strengthen controls, ensure compliance, and mitigate operational risk. They will be responsible for implementing operational strategies aimed at minimizing risk and ensuring compliance with relevant legislation and obligations. The specialist will also serve as a consultant, providing advice to partners regarding controls and regulatory considerations.
The working model is a balanced hybrid, allowing the successful candidate to split their time between working in the office and from home.
Major Duties of the Role
The role involves a wide range of responsibilities, including:
- Oversight of Northern Trust’s adherence to applicable payment scheme rulebooks and access requirements.
- Serving as a subject area expert on payment scheme rules.
- Ensuring that amended and new scheme rules and regulations are implemented into our processes and procedures in a timely manner.
- Ensuring that robust preventative and detective controls are in place for business functions.
- Participating in and sharing lessons from central bank working groups.
- Reviewing incident reports to ensure the true root cause and payment scheme impacts are understood and resolved.
- Building and maintaining relationships with different stakeholders including Control, Resiliency Office, Regulatory Oversight, Risk, Compliance, and Audit.
- Acting as a facilitator for payment scheme audits and regulatory examinations where applicable.
- Managing and working with various MI and data sets.
The Ideal Candidate
The ideal candidate should possess the following skills:
- Payment scheme, operations or risk management experience, preferably from a bank/investment bank/custody bank background.
- Strong critical thinking and attention to detail.
- Ability to systematically assess and challenge existing processes.
- Data-driven mindset.
- Strong Microsoft 365 digital fluency.
- Demonstrated AI fluency and applied use of Microsoft 365 Copilot.
- Clear, confident communicator.
- Collaborative partner with strong stakeholder-management skills.
- Knowledge of global payment scheme obligations.
- Self-starter able to operate independently in a fast-paced, dynamic, and demanding environment.
- Relevant industry qualifications are a bonus.
Working with Northern Trust
At Northern Trust, every partner has the potential for great achievements. The company fosters a flexible and collaborative work culture, encouraging movement within the organization. Senior leaders are accessible, and the company takes pride in its commitment to assisting the communities it serves. Northern Trust invites potential candidates to be a part of a workplace with a greater purpose.
Interested candidates can apply by clicking Here.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. For any part of the employment process that requires accommodation, potential candidates can email the HR Service Center at [email protected].
About Northern Trust’s Tempe Office
The Northern Trust Tempe office, which opened its doors in 2015 with 75 employees, now serves over 75 different business functions with more than 700 employees. The team is recognized as a Global Capability Center that delivers exceptional value, quality, expertise, and innovation through its diverse talent.
