Chicago, IL, USA
29 days ago
Head of Global Supervisory Engagement

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.

This high-profile role engages with senior members of Northern Trust to support interaction and engagement with global supervisors.

The seasoned professional provides practical guidance, functional expertise, strategic direction, and execution rigor to supervisory engagement activities, and will support the build out of strong relationships with global supervisors.

A strong and decisive communicator, this individual promotes a collaborative approach to enhance and sustain robust engagement with global supervisors working closely with the Chief Compliance and Ethics Officer and their teams. The role will be based in Chicago, reporting directly to the Head of the Global Regulatory Affairs and will collaborate closely with other members of the Global Regulatory Affairs Office, including the Head of Strategic Remediation Oversight and Governance as well as the Head of Regulatory Communication Strategy

The key responsibilities of the role include:

Leadership and Management

Develop and implement the overall strategy for supervisory engagement, ensuring transparency and consistency of communications, providing oversight and guidance on the quality of supervisory responses, and ensuring adherence to corporate requirements

Coordinate with senior leadership across business units, corporate functions, and legal entities to ensure enterprise-wide consistency of views across jurisdictions

Work closely with the Chief Compliance Officer and Regional Chief Risk Officers, manage, and maintain relationships with all supervisors and support senior executives and directors in their preparation for high-profile meetings

Manage and serve as a liaison for supervisory examinations to ensure consistent examination practices and successful execution, including coordinating response to supervisory inquiries, managing ongoing supervision meetings, tracking supervisory activity, reporting, and escalating supervisory matters, and providing supervisory relationship support (logistics, technology, information requests, meetings, etc.)

Identify, assess, prioritize, and communicate emerging supervisory policy and other issues from U.S. and global supervisors and policymakers that would affect the firm, its clients, and the economy, and develop strategies to influence policy development, and advising key personnel in preparation for policy changes

Engage with industry and advocacy groups focused on supervisory events, policies, etc, and manage relationships with global standard setters such as the Basel Committee on Banking Supervision, the Financial Stability Board, and other international bodies

Operational

Maintain consistent and complete inventory of global supervisory feedback

Create and maintain global supervisory response “play book,” including templates for narrative and action plans and executive presentation materials to enable consistent and cohesive response across the organization

Support the Head of Strategic Remediation Oversight and Governance, to ensure remediation activities are accurately tracked and status communicated

Synthesize verbal supervisory feedback provided during sessions, identify appropriate audience for further dissemination of verbal feedback, and maintain inventory of verbal feedback provided; As necessary, prepare written communication to supervisory bodies affirming and memorializing verbal feedback

Develop and train the organization on facilitating supervisory conversations

Maintain calendar of supervisory exam schedules and meetings; Collaborate with the appropriate stakeholders to provide guidance on exam interactions in advance of sessions

Establish and monitor standards for supervisory-related reporting provided to local/global management and Boards

The successful candidate will benefit from having:

Required Skills / Experience

20+ years’ experience in financial services, with 15+ years in a financial institution, or similar consulting experience in the financial services industryProven management skills, with experience managing managers and teamsProven leadership and partnership skills with history of building effective partnerships in roles of cross-organizational responsibilityStrong interpersonal and relationship skills and proven ability to build and cultivate relationships both externally and internallyExtensive experience in presenting to Boards and executive teamsProven presentation skills with ability to present key messages, recommendations and information in a clear, concise, and insightful way and synthesize information key to relevant pointsOutstanding verbal and written communication skills with ability to simplify and summarize complex topicsAbility to cultivate a positive team culture and ensure broader collaboration across the enterprise

Please note that this role may require the successful candidate to travel to other NT locations as required.

#LI-LK2, #LI-Hyb

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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