Regulatory Remuneration Senior Consultant/Specialist

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:

The Global Regulatory Remuneration and EMEA Total Rewards team is globally responsible for ensuring that Northern Trust’s compensation policies and practices comply with regulatory requirements across the jurisdictions where the company operates. The Regulatory Compensation Specialist acts as a partner and subject matter expert on remuneration-related regulatory matters for the wider HR function and other Corporate Groups/Business Units across Northern Trust. At an EMEA level, the team is responsible for the preparation and submission of regulatory reports and disclosures and the preparation and presentation of remuneration governance papers to local compensation committees. Additionally, the team supports local heads of HR across EMEA in the review and update of country-specific reward policies.

The key responsibilities of the role include:

• Acting as a regulatory remuneration expert advising on compliance with remuneration regulations in EMEA, APAC and USA
• Overseeing the application of the remuneration regulatory requirements for regulated entities across all regions both during the annual compensation cycle and throughout the year
• Conducting gap analyses against new regulatory requirements and driving the implementation of changes, where necessary
• Supporting and coordinating the creation of Remuneration Committee materials
• Creating, maintaining and updating policies that comply with local regulations while keeping consistency with global policies
• Preparing qualitative and quantitative regulatory reports and disclosures that meet relevant requirements (e.g., Pillar 3 disclosures, MIF008 submissions, gender pay gap reports)
• Training and providing guidance to other team members, HR and the business on remuneration regulation and their application
• Working with key stakeholders on compensation proposals for regulated roles
• Handling more extensive, high-profile work and providing guidance to others to solve complex problems.

Skills/Qualifications:

The successful candidate will benefit from having:

• Expertise in reward-related laws, rules and regulations in force in the UK, EMEA and APAC locations. Experience with the implementation of the EU Pay Transparency Directive a plus
• Excellent verbal, written and presentation communication skills. Experience with conducting presentations to clients, peers and/or senior management related to remuneration regulation materials (trends, policies, etc.)
• Demonstrated ability to consult and interface with all levels of management and apply influencing skills. Past experience demonstrating strong negotiation and influencing skills, change management and project management skills.
• Ability to solve complex problems through quantitative and qualitative analysis in a team-based environment
• Critical attention to detail - demonstrated ability to consistently deliver at a high level of accuracy
• Highly proficient in Excel and Powerpoint
• Ability to communicate complex regulatory and/or reward concepts in a way that can be readily understood by non-experts
• In-depth knowledge of remuneration regulations as well as core compensation methods and best practices.
• Ability to create dynamic tools and models to interpret and analyze data
• A graduate degree and/or CCP is 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.

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.