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.

We are recruiting for a Payment Scheme Consultant to join our global Central Bank Payment Scheme Operations group as in individual contributor in London.

The group performs oversight of Northern Trust’s central bank payment scheme memberships ensuring scheme rules and requirements are adhered to on an ongoing basis, including annual scheme membership assurance.

As a payment scheme expert, the successful candidate, provides proactive leadership and guidance to strengthen controls, ensure compliance and mitigate operational risk.

This individual provides operational strategies to minimise risk and assure compliance with relevant legislation and obligations.

In addition, they will provide consultation and advice to partners regarding controls and regulatory considerations.

Major Duties

Oversight of Northern Trust’s adherence to payment scheme rules, such as the Bank of England CHAPS Reference Manual and other schemes as required.Serving as a subject area expert on payment scheme rules.Ensure amended and new scheme rules & regulations are implemented into our processes and procedures in a timely manner, including the mapping and updating of regulatory rules.Ensure that procedures are in place (and are being followed) to demonstrate & evidence payment scheme requirements.Ensure robust preventative and detective controls are in place, well designed and operating effectively for business functions and drive recommendations to strengthen control.Participating in and sharing lessons from the Bank of England working groupsContribute to review of incident reports to ensure true root cause and payment scheme impacts are understood, actioned and resolved.Build and maintain relationships with different stakeholders including Control, Resiliency Office, Regulatory Oversight, Risk, Compliance and Audit,  Act in capacity of facilitator for payment scheme audits and regulatory examinations where applicable. Ability to manage and work with various MI and data sets; ensuring timely completion of MI and other ad-hoc reports as required.

The ideal candidate should have a fair amount of the following skills:

Payment Scheme, Operations or Risk Management experience, ideally from a Bank/Investment Bank/Custody Bank background.Critical thinker that is detail orientated with the ability to ‘go deep’ to understand process & regulatory requirements.Ability to systematically assess & challenge existing processes whilst managing multiple priorities. Data driven – uses data to measure performance, manage risk and prioritise.Demonstrated ability to listen, interpret & communicate with impact.A team player i.e. ability to partner and collaborate across varying business units and geographies.Demonstrated ability to build strong stakeholder network with collaborative relationships across the business and external organisations.Excellent communication skills; verbal, non-verbal and written.Knowledge of global payment scheme obligations – CHAPS, RITS, T2, SEPA, ACH and Fed etc.Self-starter with the ability to function independently in a fast-paced, dynamic and demanding environment.Related Industry qualifications are a bonus.

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.