Manager, Investment Compliance - Wealth Management

Manager, Investment Compliance - Wealth Management

This role supports Wealth Management Investment Compliance and the Wealth Management Investment Practice with compliance risk oversight, policy and procedure governance, business advisory support, and strategic execution across investment-related processes. The position requires a senior compliance professional who can connect regulatory expectations, fiduciary obligations, operational controls, and business priorities into clear guidance for stakeholders.

Accountable for the assignment and execution of work with compliance analysts and the performance management process and staffing of the unit. Participates with the Head of Investment Compliance in the developing and executing the strategic plan, update of investment policies and procedures, and other key functions. Will take on additional ad-hoc project work as needed

The key responsibilities of the role include:

• Conducts the performance management process, identifies training and development needs, and establishes performance standards for the team.
• Oversees compliance with the code of ethics for wealth management and works with team and identification and management of 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, which 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 which may impact the business.
• Identifies, documents and escalates to Corporate Compliance and BU management, compliance risks associated with the business units 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.

The successful candidate will benefit from having:

Knowledge:

• Knowledge of laws and regulations that govern financial services activities, usually acquired through formal education and experience, is required.
• Analytical and communication skills are required to review laws/regulations and assess impact of new regulations and work with business partners to ensure compliance.
• Knowledge of investment terminology, characteristics of the various marketplaces, the laws and regulations governing trust investments and taxation, the bank's policies, procedures and strategies, acquired through work experience and formal education

Experience

• Solid experience, preferably in compliance or risk management; or equivalent related experience.
• 7-10 years plus years of investments related experience in wealth management, asset management or other financial service organizations
• Communication skills are required to guide sensitive or difficult situations.

Salary Range:

• $114,700 - 194,900 USD

• Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

• 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 committed to an inclusive workplace and assisting the communities we serve.

• Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

• Reasonable Accommodation

• Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please contact our HR Service Center, or alternatively you can discuss your individual requirements with the recruiter you are working with.

• About Us

• Looking for greater?

• You found it.

• A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

• Equal Employment Opportunity Statements

• APAC/INDIA EEO STATEMENT

• It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

• Canada EEO STATEMENT

• Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

• EMEA EEO STATEMENT

• It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes reso