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 Global Head of Regulatory & EMEA Total Rewards is responsible for compliance with both global regulatory remuneration requirements. This role will work and partner directly with the Control Functions, business/functional Senior Management, governance bodies, HR functions and Global and Executive Compensation to ensure compliance with regulations. Responsible for providing documents, or input into documents, for local remuneration committees or the corporate Human Capital and Compensation Committee in partnership with Executive Compensation. Responsible for the regional administration, analysis, development and implementation of cost effective compensation policies and programs in EMEA. The role will manage a team tasked with global regulatory compensation and EMEA total rewards consulting.Primary duties include:Manages the Regulatory Compensation and EMEA teamManages the relationships with the regional and international Business Unit Human Resource Managers.Participates in developing the business unit strategic plan and sets goals and priorities based on the direction set for the unit. Follows through to ensure that objectives are met.Monitors and maintains knowledge and understanding of global remuneration regulations via external forums, consultant interaction, peer networks, internal compliance teams with a view toward impact to Northern Trust and its legal entities globallyPrepares presentation materials and provides updates, as required, to key stakeholders and governance groupsInteracts with external regulators as and when required, either directly or via ComplianceLiaises with the Conduct Office and Control Functions in their role of identifying regulated roles (e.g. EMEA Material Risk Takers (MRTs), US Covered Employees).Analyzes and advises on governance matters and potential risk for global projects and design work within the global rewards function; develop regulatory strategies and implementation plans for new programs in partnership with the regional / global rewards teams, oversees the annual compensation planning process from a regulatory compensation perspective, ensuring incentive budgets, allocations and recommendations are compliant with the appropriate remuneration codes.Performs analysis on effectiveness and competitiveness of existing regulatory compensation programs and models potential impact of alternativesContributes to broader policies and processes which may sit outside of the HR/Compensation teams e.g., recoupment/malus/claw-back policy.Responsible for mandatory regulatory reporting with regard to local regulatory requirementsOversees preparation of documentation and reports specific to regulatory compensation matters for the various governance body meetings such as the Human Capital and Compensation Committee (HCCC), EMEA Remuneration Governance Group (ERGG) and Remuneration CommitteesDevelops globally consistent educational and training materials to communicate compliance and regulatory information ensure that senior management, HR, local governance groups and those impacted by the regulations have a thorough understanding of the rules and their implicationsAligns compensation approaches with business needs and regulatory restrictions, developing creative solutions for talent acquisition and retention. Recommends solutions or alternative actions to resolve compensation-related challenges.Contributes to policy and process guidelines relating to EMEA guarantees, buy-outs, retention awards and recognition awards, ensuring they comply with external regulationsContributes to the Regulatory Risk Rating Review process globally and ensures local regulatory requirements are metFocus of role is on execution of Global strategic direction and activitiesCarries out complex initiatives involving multiple disciplines and/or ambiguous issuesDisplays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivityQualifications - External10 or more years of experience in regulatory compensation and/or related compensation disciplines in financial servicesExposure to remuneration regulations and requirements in APACDemonstrated proficiency via extensive technical and business knowledge and functional expertise of regulatory reward and pay equity agendaAbility to interpret and apply regulatory legislation to applicable policies and proceduresExcellent verbal, written and presentation communication skills. Experience with conducting presentations to clients, peers and/or senior management related to compensation materialsDemonstrated ability to consult and interface with all levels of management and apply influencing skillsPast experience demonstrating strong change management and project management skillsAbility to solve highly complex problems through quantitative and qualitative analysis in a team-based environmentCritical attention to detail - demonstrated ability to consistently deliver at a high level of accuracyHighly proficient in Excel, Word, and PowerPointInterprets internal/external business challenges and recommends best practices to improve products, processes, or servicesCommunicates difficult concepts and negotiates with others to adopt a different point of viewProven ability to coach, train, mentor and engage a small team of professionalsWorking 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. #MadeForGreaterReasonable accommodationNorthern 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 .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.
