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.

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.

Role/ Department:

As the Pre-Approval Controlled Functions (“PCF”) Chief Operating Officer (PCF-42), subject to Central Bank of Ireland approval, the individual will be responsible for managing the operations of the Banking and Markets activities for the Northern Trust Company Ireland Branch (“TNTC-IB”). subject to CBI authorisation*)

• Execute the day-to-day Chief Operating Officer (“COO”) responsibilities for TNTC-IB in accordance with the PCF-42 Statements of Responsibilities.
• This role is a varied role encompassing the ongoing assessment of the end to end operating and resiliency environment and oversight of key initiatives and projects.
• The COO will work with the wider leadership team and the Branch Manager to identify, communicate and implement business priorities.
• Responsible for the oversight of transactional banking services and the provision of multi-currency accounts in support of streamlined cash management for managing payments, receipts and deposit balances .
• Responsible for the oversight of the lending / credit facilities which assist qualified clients with short-term cashflow needs, longer-term financing, liquidity to fund day-to-day operations and more.
• Responsible for agency securities lending offerings, ensuring oversight is in place with respect to clients domiciled in Ireland who have access to Northern Trust’s global network of borrower organizations and flexible lending options.
• Responsible for the oversight of the FX trading solutions and associated activities
• Responsible for the oversight to the sponsored repurchase agreement market with Fixed Income Clearing Corporation.
• Responsible for overseeing transition management services to clients ensuring coordination across all the key parties involved to determine the best course of action for a successful implementation
• The COO will partner and collaborate with the 1st line of defence and 2nd line of defence areas to ensure adherence to operational, regulatory and corporate guidelines, policies and procedures.
• Enhance and maintain the process for ensuring clear evidence of challenge, review and decisions for the key operational functions.
• Prepare and deliver clear, concise, and actionable reporting to senior leadership and governance committees.
• Oversight of management information and reporting, ensuring relevance to the business environment and governance including changing regulatory requirements.
• Maintain a good level of knowledge of risk and regulatory environment applicable to the business, collaborating with Risk and Compliance with a view to ensuring adequate systems and controls are in place such that all relevant functions comply with all legal and statutory requirements applicable.
• Overseeing and sponsoring (where appropriate) key initiatives including business and regulatory change.
• Participate in development of strategic plans, goals and priorities based on the direction set for the business.
• Provides leadership and guidance to staff, fostering an environment which encourages employee participation, teamwork, and communication.
• Acts as a representative for the corporation during regulatory, audits/examinations. Provides required documentation and responses to questions.
• Keeps abreast of economic, political, and legislative factors

Culture:

• Working with the TNTC-IB Management team, develop and maintain organisational culture, values and reputation in the market and with all partners, clients, suppliers, counterparties and regulatory bodies.
• Set the tone from the top for TNTC-IB through creating a culture where everyone has ownership and responsibility for doing the right thing in accordance with the Central Bank (Individual Accountability Framework) Act 2023 Conduct Standards.
• Act as a role model and demonstrate behaviours in a way that is aligned to the global conduct framework and enforces the values and ethical standards of the business.

Knowledge:

• Thorough knowledge of applicable laws and regulations, and risk mitigation techniques, usually acquired through formal education and experience, is required for this role.
• Leadership and organizational skills are required to determine the unit goals, resources needed, and to assess and develop the skills of the staff.

Experience:

• Highly effective interpersonal and communication skills with proven ability to positively influence all levels of personnel, including senior leadership.
• Detailed experience in financial services industry, including regulatory and banking experience.
• Self-motivated with strong collaboration and influencing skills.
• Ability to work under pressure, manage multiple tasks and competing priorities, meet deadlines, and adapt to change; comfortable dealing with ambiguity and uncertainty.
• Excellent critical and creative thinking, decision-making and innovative problem-solving skill.

• Confident in making decisions and addressing conflict.
• Highly flexible and adaptable to change.

Note: This role will be subject to the Senior Executive Accountability Regime (SEAR), which imposes a legal Duty of Responsibility on persons carrying out this Pre-Approval Controlled Function (PCF) role.

Working with Us:

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 ethical companies. In return, we will support you with your personal and career goals in a number of ways:

Financial – Life Assurance, Disability Plan, Pension/ Gratuity, Annual Pay Review

Work Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer Days

Health & Wellbeing – Private Medical Insurance, Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance Program

Professional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University (wide range of online, virtual & in-house training options) and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.

And Finally

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.

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.