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.
Role: ERISA Compliance Officer
This role will focus on the Northern Trust's compliance with the Employee Retirement Income Security Act of 1974, as amended (ERISA) and the parallel provisions under the Internal Revenue Code of 1986, as amended (the Code) with respect to Northern Trust's business.
The key responsibilities of the role include: - Effectively works with ERISA Attorney and internal business units, risk management and compliance functions to develop, enhance, administer, and maintain a comprehensive ERISA/prohibited transaction compliance program (including drafting and revising policies and procedures).
- Supports ERISA Attorney in connection with developing appropriate training and awareness programs regarding ERISA/prohibited transaction issues.
- Oversees monitoring and testing program to confirm ERISA-related compliance. In the event such testing identifies issues, irregularities and violations, investigates and assists ERISA Attorney with any required corrections thereof.
- Confirms and oversees recordkeeping that demonstrates compliance with ERISA and the Code.
- Promotes a positive compliance culture through communication and oversight of regulatory responsibilities at all levels and develops strong working relationships with applicable business units.
- Effectively and respectfully interacts with partners (e.g., relationship managers, Risk/Compliance, Tax, Legal Department, Human Resources) or external parties (e.g., regulators, other financial institutions, investigations staff), as appropriate.
- Assists, as necessary, in responding to regulatory inquiries, examinations, and subpoenas from the Department of Labor, Internal Revenue Service, and Pension Benefit Guaranty Corporation.
- Stays up-to-date on applicable regulatory developments affecting financial institutions and clients, generally, and how such developments bear on Northern Trust's business, specifically.
Skills/Qualifications: - Must have 10+ years of related experience and 5+ years' experience developing and maintaining compliance program within a financial institution
- Ideally have knowledge of ERISA/prohibited transaction rules
- Must have experience reviewing and analyzing data for purposes of compliance testing.
- Experience interacting with regulators and auditors and leading regulatory exams.
- Must be a self-starter, able to work both independently and as part of a team.
- Exceptional written, verbal, and interpersonal skills.
- This role requires collaboration, confidence, insightfulness and tech-savvy.
- Strong analytical abilities and judgment.
- Exceptional communication and organizational skills to work effectively and cooperatively with internal and external clients, management and staff and to coordinate business functions with other departments.
- Bachelor's degree required; advanced degree or JD preferred.
- Experience working at the SEC, Department of Labor or Internal Revenue Service a plus.
Working Model: Hybrid (
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.
Salary Range:
$114,700 - 194,900 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
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.
Job Tags
Full time, Work at office, Work from home, Flexible hours,