Subcustodian Resiliency Consultant

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 worlds most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 yearsof financial experience and over 22,000 partners, we serve the worlds most sophisticated clients using leading technology and exceptional service. Role/ Department: The Network Management - Risk, Information Products & Control Analyst role works within the Subcustodian Network Management (SCNM) group. SCNM has two primary areas of responsibility: Subcustodian Relationship Management and Risk, Information Products and Control(NetRIC). This position is part of the NetRIC team and will be based in London. Role - execution of all resiliency responsibilities which fall under NetRIC. The role will report to the Head of Risk, Information Products & Control. The Risk, Information Products & Control team are split into two support functions: Risk & Control: Responsible for ensuring that SCNM is complicit with the applicable FCA (CASS), PRA, Securities Exchange Commission (17f-5; 17f-7), National Instruments (NI-41/81), ASIC and Depositary regulations & reporting. The group is also responsiblefor ensuring we meet all other regulatory and Compliance requirements. Information Products: Responsible for managing subcustodian and market information to clients, investment managers and partners. Instrumental in delivering technological developments in support of SCNM functions. Role Key Responsibilities:

• Project Management - execution responsibilities for all NetRIC related resiliency deliverables as set out in Networks Contingency Strategic Review Recommendation. To execute on all listed Management Actions which fall under NetRIC remit
• Subcustodian Oversight and Monitoring - Contingency Network (implementation and ongoing maintenance) which includes:
  • Due Diligence - assessments and questionnaire analysis
  • Service Level Agreements - assessments and analysis
  • Cybersecurity Risk Assessment - support of the process performed by IT Risk
  • Internal & External Audit Contingency responsibilities
• Maintenance of Contingency Sub Custody Agreements (SCAs) and Fee Schedules
• Reporting - creation of new and maintenance of Contingency Network reporting
• Policies & Procedures - development of the new and maintenance of Contingency Network Management procedures and controls
• Default Plan - Enhancement and maintenance
• Market Withdrawal & Subcustodian Transition plans - enhancement and maintenance
• Regulatory - Network Management Contingency Regulatory requirements - continued focus and demands from i.e. PRA, CSSF

Knowledge / Skills / Experience:

• The ideal candidate will have prior experience in financial services, ideally in a global custodian / custodian banking environment
• Experience in a custody / risk / oversight role is desirable
• Demonstrated ability to work collaboratively with regional and global partners within other operational business units; able to navigate organisation
• Exceptional communication skills; verbal, non-verbal and written
• Strong analytical skills
• Demonstrated ability to quickly assimilate and analyse large amounts of information
• Strong attention to detail skills
• Strong problem solving and technical skills
• Strong PC skills to include competent knowledge of MS Word / Excel / PowerPoint / Project

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. Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater Reasonable accommodationNorthern 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 . We hope youre 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.