Specialist, Regulatory Product Solutions - Global Fund Services, North America at Northern Trust in Chicago, Illinois

Job 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.

The Service and Strategy Enablement Team in Global Fund Services, North America supports the growth of the business by enabling development of service offerings and defining strategy to keep pace with regulatory change, client complexity and an evolving product landscape. This team works closely with Product, Business and Technology groups to define and set strategy in target markets, works across business lines to identify and enable client solutions and provides subject matter expertise and consultation for clients.

The Regulatory Product Solutions role will focus on the US Regulatory landscape to monitor changes in regulation impacting products and services offered to Global Fund Services, North America clients. These primarily include but are not limited to Fund and Regulatory Administration, Custody, Transfer Agency and Investor Services. The role will provide support for clients in navigating regulatory changes, complete impact analysis for the business and service and delivery teams, assess commercialization opportunities of regulatory change, and monitor the implementation of regulatory product solutions.

Major Duties:

1. Defines the Global Fund Services, North America Regulatory product solution strategy and ensures that this is executed on, against the entire lifecycle of the product solution and the issues that impact the delivery of a capability or service.

2. Executes against a plan that accomplishes the strategic goals determined by senior management.

3. Develops a Long-Term Strategic Plan. The long-term strategic plan defines emerging regulatory changes and revenue opportunities to expand market share, helps to resolve issues related to markets, prioritizes the types of solutions and the opportunities that the company will invest, and the resources required to support development.

4. Defines and execute against a Roadmap for the strategic plan

5. Implements Marketing, Promotional Communications, Sales tools and Training for the Global Fund Services, North America teams. Works with Strategic Marketing to develop all internal and external communication and positioning as needed.

6. Assists in Sales and Distribution Channel Support. Responsible for representing the regulatory aspect of service solutions and ensuring that regulatory solutions are appropriately covered during the sales process.

7. Monitors Financial and Profitability Management. Ensure coordination with operations and financial management to monitor capital, revenue, and expenses for regulatory support. Shape the financial contribution of the regulatory product solution.

8. Responsible for coordinating the resolution of issues of government compliance and attempts to minimize the systemic risks of offering a solution. Represent Global Fund Services, North America in applicable industry forums and developing relationships with key stakeholders.

9. Seasoned multi-disciplinary expert with extensive technical and / or business knowledge and functional expertise.

10. Focus of role is on execution of strategic direction of business function activities

11. Carries out complex initiatives involving multiple disciplines and/or ambiguous issues

12. Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness, and productivity.

Knowledge:

• Deep knowledge of the products and relevant markets.


• Proven background in negotiation with clients with significant wins and in building revenue and business.


• Strong client servicing and presentation skills and strong ability to influence at all levels of organization to ensure delivery.


• Proven leadership skills in building business and bringing people along.


• Strong organizational skills to effectively execute plans.


• Ability to convey solutions across wide domain of expertise/ functions.


• Ability to run effective and highly professional and interactive client workshops- understand client's problem, assess what is required to be delivered and consult internally to deliver solutions from existing or new capabilities.

Experience:

10 years in the asset servicing/ asset management industry with minimum 5 years in a Product Solutions Management role preferred.

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.