Regulatory Assurance Specialist

Regulatory Change Assurance Specialist

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust 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.

About the Role

Are you an experienced assurance professional with a passion for regulatory compliance, continuous improvement, and program leadership? Northern Trust is seeking a dynamic and strategic professional to join our team as a Regulatory Change Assurance Specialist.

Reporting to the Head of Regulatory Change Assurance within the Global Regulatory Change Management (GRCM) Department, the successful candidate will play a dual role as both a lead assurance practitioner and program manager for the Regulatory Change Assurance team.

The incumbent will lead and execute assurance reviews across the regulatory change lifecycle while also overseeing the operational management of the Assurance team. This includes managing the assurance pipeline, maintaining methodologies and work papers, coordinating responses to regulators and auditors, supporting reporting and training activities, and driving the continuous enhancement of assurance practices.

We are seeking a proactive and highly organized individual who can combine strong regulatory and assurance expertise with program management discipline to help mature and scale a growing assurance function.

Assurance Leadership

• Lead and execute regulatory change assurance reviews across the organization, assessing the design and implementation of responses to new or amended laws, rules, and regulations.
• Provide thought leadership in the development and execution of the Regulatory Change Assurance Methodology, including assurance reviews, quality assurance assessments of GRCM-owned controls and processes, and targeted remediation initiatives.
• Apply a transparent, risk-based approach to evaluating regulatory change implementation activities and associated control environments.
• Manage multiple assurance projects concurrently, including scoping, planning, execution, reporting, stakeholder engagement, and verification of remediation activities.
• Engage with business, compliance, risk, and executive stakeholders to assess regulatory compliance risks, understand significant business changes, and identify emerging concerns.
• Monitor assurance observations and recommendations, and tracked through closure.
• Lead or participate in working groups, committees, and governance forums to identify trends, lessons learned, and opportunities to strengthen regulatory change management practices.
• Evaluate changes to the Regulatory Change Management processes, methodologies, and supporting technology platforms to ensure they remain fit for purpose and effectively implemented.

Assurance Program Management & Function Enablement

• Serve as the program manager for the Regulatory Change Assurance function, driving the planning, coordination, and execution of team departmental priorities.
• Maintain and oversee the assurance project pipeline by monitoring regulatory developments, remediation initiatives, audit findings, and strategic change activities to identify reviews requiring Assurance team's engagement.
• Partner with key stakeholders across GRCM and the broader organization to proactively identify and prioritize assurance coverage based on regulatory risk and organizational impact.
• Develop, maintain, and continuously enhance assurance methodologies, workpaper templates, reporting standards, quality review procedures, job aids, and training materials.
• Maintain inventories of assurance observations, recommendations, lessons learned, and examples of good practice to support consistency and continuous improvement.
• Coordinate and lead the development of regulatory, audit, and management responses, including assurance reporting, issue closure packages, regulator deliverables, and supporting documentation.
• Produce management reporting and metrics regarding assurance coverage, observations, remediation activities, thematic trends, and emerging regulatory risks.
• Support regulatory examinations, internal audits, and external reviews by coordinating assurance-related materials, evidence requests, and management responses.
• Drive continuous improvement initiatives to enhance departmental operating efficiency, scalability, and stakeholder experience.
• Maintain awareness of industry developments, regulatory expectations, emerging risks, and leading practices to continuously improve…