Senior Compliance Consultant

About the role

Northern Trust Global Services SE (NTGS SE), a credit institution supervised by the Luxembourg Financial Sector Supervisory Authority and providing custody, depositary fund administration and capital markets services, is looking for a Senior Compliance Consultant. The role covers compliance with Luxembourg regulations other than AML/CTF, including the Luxembourg Supervision Framework, CSSF circulars, MiFID/MiFIR, CSDR, EMIR and SFTR, and reporting to governance forums and the CSSF.

Key responsibilities

• Identify, control, assess and report compliance of NTGS SE with Luxembourg regulations other than AML/CTF, and complete the compliance program in line with the Global Compliance Framework (Rules map, Compliance Risk Assessment, CRA actions, monitoring plan).
• Prepare ad hoc reports for internal governance forums and external Long Form Reports, and contribute to the review of compliance policies.
• Maintain a log of interactions with financial supervisory authorities and alert the EMEA Regulatory Liaison.
• Support partners and business units with consultancy-style advice on Luxembourg regulations, attend steering committees and meetings, and review and enhance e-learning modules.
• Ensure the first line of defence understands regulatory requirements, owns its processes and takes timely corrective action.
• Represent the compliance function at EMEA Regulatory Change and Oversight meetings, identify and report applicable regulations and directives, and lead communication with the first line of defence.
• Prepare the yearly CSSF Compliance Report, review regulatory notifications and applications before submission, and support the CCO in reports for the CSSF, Management Risk Committee and Board meetings.

Required profile

• Several years of experience in compliance in the banking or asset servicing industry in Luxembourg.
• In-depth understanding of custody, depositary, transfer agency, fund accounting, capital market services and sound bank governance.
• Proven expertise in the laws, circulars and regulations listed in the role.
• Experience in compliance governance, reporting and oversight, including engagement with senior internal and external stakeholders.
• Self-motivated, able to work independently or in a team, with good written and verbal communication skills.