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Responsible for executing and maintaining compliance processes and procedures as they relate to the Wealth Management Business Unit (BU) investment practice. Provides consultation and advice to Corporate Risk and Compliance and BU partners regarding business unit strategies and activities. Establishes business strategies to minimize risk and assure compliance with applicable laws and regulation and is accountable to BU management.
Advises Corporate Risk and Compliance partners and BU management of actual or proposed developments in the business that may be affected by applicable laws, regulation, or policy, or by actual or proposed changes thereto.
Implements Corporate Risk and Compliance programs within the business units, including support of the personal securities transaction monitoring program under the Wealth Management Code of Ethics.
Acts as a contact point within the business unit for inquiries from Corporate Risk and Compliance partners, external regulators, Global Compliance Testing partners, and Audit partners.
Promotes actions to comply with Corporate Compliance and BU standards, as necessary; and to resolve compliance issues, including actions in response to regulatory exam findings.
Identifies processes and procedures which may need to be enhanced to comply with compliance guidelines or BU standards; and participates in the conducting of compliance risk assessments for the business units.
Escalates situations to BU management which may pose significant compliance risk; recommends updates to business unit procedures and enhancements to business unit controls that minimize the risk.
Serves as a compliance resource for the business unit.
May mentor junior level BU employees and review the work of others.
5-7 or more years of experience, preferably in wealth management, compliance or risk management; or equivalent related experience.
Knowledge of risk management and the Companys strategic goals.
In-depth knowledge of applicable laws and regulations that apply to the business unit, acquired through formal education and work experience, is required.
Analytical and communication skills are necessary to consult with and communicate information to partners/clients; to analyze and summarize information; and to apply laws and regulations to the Companys business.
Organizational skills required to coordinate business unit compliance-related activities.
About Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 20,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service. 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 that is committed to strengthening the communities we serve! We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why Forbes ranked us the top employer for Diversity in 2018. Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and ethical companies. Build your career with us and apply today.
Internal Number: 6568196
About Northern Trust
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