PCF - 50&53 Head of Client Asset Safety and Custody Oversight

About the role

As the Pre-Approval Controlled Functions ("PCF") the Head of Client Asset Oversight (PCF-53) and Head of Material Business Line - Custody (PCF-50), subject to Central Bank approval, is 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. You will set the tone from the top for TNTC-IB through creating a culture where everyone has ownership and responsibility for doing the right thing in accordance with the Central Bank (Individual Accountability Framework) Act 2023 Conduct Standards. In this role, the incumbent will act as a role model and demonstrate behaviours in a way that is aligned to the global conduct framework and enforces the values and ethical standards of the business.

Responsibilities

• Execute the day-to-day responsibilities for TNTC-IB in accordance with the PCF-50 and PCF-53 Statement of Responsibilities.
• Identification, management and mitigation of client assets and Depositor Protection risks on an on-going basis via the performance of control reviews and root cause investigations into the "CAR" breaches.
• Ensuring that the Client Asset Management Plan is produced, maintained and reviewed.
• Responsible for ensuring that any potential or actual breaches are reported to the relevant parties.
• Responsible for approving any returns in relation to client assets that are required, as per the relevant regulations, and are reported to the Central Bank.
• Ensure relevant reporting is submitted to the Central Bank as required in accordance with the timeframes applicable inclusive of any breach notifications.
• Prepare daily, monthly and ad-hoc Management Information around client assets.
• Establishing appropriate local governance for the oversight and risk management of the Client Asset and Depositor Protection requirements. Report to various senior governance forums on related matters.
• Manage all aspects of functions with due skill, care and diligence including effective controls, risk management and mitigation and delegation of activities to appropriately skilled and competent persons.
• Collaborate with Risk and Compliance with a view to ensuring adequate systems and controls are in place such that all functions in area of responsibility comply with all legal and statutory requirements as applicable.
• Primary respo

Benefits

Additional Information

About Northern Trust As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) 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 Northern Trust: Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With 130 years of financial experience and nearly 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service. As a Northern Trust employee (Partner), you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company that is committed to strengthening the communities we serve. Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you would benefit from adjustments for any part of the employment process, please inform the recruiter to discuss your individual requirements. We strive to have a globally diverse workforce where engagement and inclusion drive business excellence. We believe in the power of collaborative partnerships and are proud to work with a number of organisations across the globe who provide us with ongoing knowledge, education and insights to support our efforts.

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