Gfs Uk Regulatory - London, United Kingdom - Northern Trust Corp.

Northern Trust Corp.

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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.

Summary
This role is a leadership opportunity within the GFS UK Regulatory & Business Oversight Office (GFS RBOO).

This office is responsible for the design and operation of the governance and oversight framework for Senior Management Functions (SMF) of GFS UK Business (including Fund Administration, Middle Office, Depositary, Custody and Ancillary services businesses), with legal entity and product focused oversight of critical regulatory considerations (including Outsourcing, Operational Resilience, Client Money etc.) and business oversight of all applicable products and services within the SMF remit.

Reporting to the Head of GFS UK Regulatory & Business Oversight Office, the Oversight role is a varied and challenging role which will be directly responsible for the proactive oversight of business functions within the SMF remit, focused on the identification, review and challenge of areas of regulatory risk relating specifically to Operational Resilience and Outsourcing risk management.

The role will include ongoing assessment of the end to end operating environment, oversight of key initiatives, operational performance.

The role will comprise two core independent oversight pillars:

Resilience and Outsourcing:
independent oversight of operational resilience and outsourcing risk management regulatory accountabilities, including:

Monitoring adherence to the UK Operational Resilience Framework, including overseeing and challenging plans and actions designed to test and improve the Operational Resiliency of the Important Business Services (IBS) in scope products, working closely with the Asset Servicing Resilience Office
Operate a robust review and challenge process around the resilience of IBS in scope activities
Governance and risk management of new, closing and changing intercompany and vendor relationships, and oversight of operational risk with existing arrangements
Drive awareness of relevant oversight requirements, policies and procedures across the relevant business units
Monitoring adherence by business units to the GFS PRA Outsourcing Framework, including maintenance and completeness of the GFS Outsourcing Register
In conjunction with the operational oversight functions, monitor that oversight of processing quality and timeliness in outsourced locations is appropriate
Monitor the timely completion of periodic vendor and intercompany due diligence reviews, partnering with the Outsourcing and Vendor Management Offices where relevant

Regulatory Governance & Oversight:
operation of critical elements of the GFS UK SMF Reasonable Steps Framework, including;

Supporting the SMF governance framework, including operating the GFS UK Outsourcing and Resilience Council, GFS UK Regulatory & Product Oversight Council, GFS UK Executive Steering Group and management of the GFS Escalation & Reporting Framework
Produce periodic legal entity reporting and management reporting and information pertaining to the status of in scope activities
Conduct risk tracking, including critical project oversight, regulatory and operational risks
Significant experience in banking and / or asset management, with thorough understanding of key regulatory obligations of fund services businesses
Experience with key Important Business Services; Fund Administration advantageous
Understanding of broad resilience, risk and compliance themes applicable to fund services
Experience working with critical regulatory frameworks including Operational Resilience, Outsource Risk Management, Compliance Oversight
Experience operating in an oversight / challenge based role
Experience managing and influencing senior exec stakeholders and business unit owners
Highly flexible and adaptable to change, selfstarter
Demonstrated leadership, planning and organizational skills
Excellent oral and written communication skills with the ability to present confidently to legal entity governance bodies and executives while avoiding ambiguity

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 comm