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.
THE ROLE
As the Pre‑Approval Controlled Functions (PCF) Head of Client Asset Oversight (PCF‑53) and Head of Material Business Line – Custody (PCF‑50), subject to Central Bank approval, you will be responsible for compliance with the Client Asset Requirements (CAR) and oversight of custody operations with respect to Northern Trust Company Ireland Branch (TNTC‑IB – *subject to CBI authorisation*). Working with the TNTC‑IB Management team, the successful candidate will develop and maintain organisational culture, values and reputation in the market and with all partners, clients, suppliers, counterparties and regulatory bodies.
Responsibilities
Execute day‑to‑day responsibilities for TNTC‑IB in accordance with the PCF‑50 and PCF‑53 Statement of Responsibilities.
Identify, manage and mitigate client assets and depositor protection risks on an ongoing basis via control reviews and root‑cause investigations into CAR breaches.
Ensure the Client Asset Management Plan is produced, maintained and reviewed.
Report any potential or actual breaches to the relevant parties.
Approve any returns in relation to client assets that are required, as per relevant regulations, and reported to the Central Bank.
Ensure that relevant reporting is submitted to the Central Bank within required time‑frames, including breach notifications.
Prepare daily, monthly and ad‑hoc Management Information around client assets.
Establish appropriate local governance for oversight and risk management of the Client Asset and Depositor Protection requirements and report to senior governance forums.
Oversee custody activities including safekeeping of assets, trade processing, securities settlement, payments, entitlements, tax reclaims, network management, custody transitions & account opening, asset pricing & coding, reconciliations, and cash management & liquidity services.
Manage all aspects of functions with due skill, care and diligence; implement effective controls, risk management and delegation of activities to appropriately skilled and competent persons.
Collaborate with Risk and Compliance to ensure adequate systems and controls comply with all applicable legal and statutory requirements.
Implement the strategy & activities comprising Custody, Depositor Protection and Client Asset Safety impacting TNTC‑IB.
Oversee the development and implementation of robust resiliency and business continuity arrangements (BCP) that address market and client needs, incorporating appropriate stress testing.
Apply Third Party and Outsourcing requirements for Custody activities impacting TNTC‑IB.
Develop business unit budget and manage expenses for the business unit.
Provide leadership and guidance to staff, fostering an environment that encourages employee participation, teamwork and communication.
Evaluate key business challenges and direct development of new or innovative solutions.
Skills and Experience
Technical expertise of CBI Client Asset Requirements and prior experience performing a Client Asset Oversight role.
Experience with custody products and services.
Strong understanding of policy, compliance and best‑practice security principles.
Well‑developed management and leadership skills.
Knowledge of relevant legal/regulatory requirements.
Excellent communication skills, both verbally and in writing, to technical and non‑technical audiences at various levels.
Strategic thinker who can navigate and communicate effectively across a complex organisation.
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 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 support you through:
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, Employee Assistance Program
Professional Development: Clear Career Path, Education Assistance, Recognition Programme, NT University, Business Resource Councils dedicated to diversity and inclusion.
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, so we can achieve greater together.
Reasonable Accommodation
Northern Trust is committed to 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 .
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