About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Role/Department:

The compliance team of Northern Trust Global Services SE is in charge of:

Identifying, mapping and assessing the impacts of new regulations on financial services;

• Building and conducting a monitoring plan on an annual basis;
• Provide advisory to the business on regulatory topics;
• Coordinating and following-up on correspondence with competent authorities in Luxembourg and across branches;
• Reporting to governance forums and competent authorities on compliance topics.

Northern Trust Global Services SE is a credit institution supervised by the Commission de Surveillance du Secteur Financier in Luxembourg. It provides custody, depositary fund administration and capital markets services. NTGS SE is also preparing an extension of its scope of services to banking during the course of 2026.

Reporting to the Chief Compliance Officer of Northern Trust Global Services SE, the Senior Consultant Compliance will contribute to the maintenance of the compliance risk assessment of NTGS SE. He or she will contribute to the execution of the compliance monitoring plan of this legal entity and will be in charge of the issue tracking of compliance findings. This Senior Consultant Compliance should also assess the impacts of new financial service regulations, and be responsible of preparing compliance reports to different governance forums. This role is likely to evolve due to a broader reorganization of the compliance department of Northern Trust Global Services SE.

key responsibilities of the role include:

• In-depth knowledge of the regulations relating to payments covering specifically PSD2, SEPA, including instant credit transfer & the related EPC rulebooks, and the cross-border payments regulation;
• Good knowledge of the EU CRD and CRR;
• Overall understanding of the Luxembourg asset servicing and banking industry;
• Support the business development through solution-driven analysis mitigating compliance risks;
• Challenge the business on their compliance risks and act as an independent 2nd line of defence;
• Contribute efficiently and timely to the compliance program of NTGS SE;
• Maintain an analytical and synoptic mindset;
• Proven experience in compliance monitoring and testing.

Skills/Qualifications:

The successful candidate will benefit from having:

• Experience in a compliance function of an organization providing asset and banking services;
• Understanding of the regulations around data protection and banking secrecy;
• Understanding of the requirements deriving from intra-group outsourcing and third-party risk management;
• Experience relating to the completion of compliance risk assessments and monitoring plans.

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 email our HR Service Center at MyHRHelp@ntrs.com , or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Luxembourg Office

In 2024, the Northern Trust Luxembourg office celebrated their 20th anniversary, an important chapter in their history. Having opened in 2004 to support one client, they have since grown their client base substantially and increased their headcount significantly, which now stands at over 400.

From modern fully equipped meeting rooms to a vast canteen with a view over a vegetable garden, maintained by our team all year round, and a rooftop where beehives have been installed, this space is truly a source of pride for our team. Learn more.