Chief Compliance Officer - Mutual Funds

JOB DESCRIPTION

The successful candidate will serve as the Chief Compliance Officer responsible for Northern Trust's mutual funds. In this role, the CCO will work closely with The Funds' Boards, Northern Trust partners in the business unit and risk management, as well as internal and external counsel, to proactively administer and maintain a comprehensive compliance program. This position reports to the Boards of the Funds. This position is part of Northern Trusts' Asset Management Compliance team, functionally reporting to the Head of Compliance for Asset Management.

Responsibilities:

• Serve as the Chief Compliance Officer for Northern's mutual funds.
• Provide compliance oversight and monitoring over key affiliated and unaffiliated service providers to the Funds, including sub-advisers, and their compliance policies and procedures; identify and monitor conflicts of interest.
• Provide a written annual report to the Fund Boards on the operation and effectiveness of the Funds' and the service providers' compliance policies and procedures and any material changes thereto.
• Interface with the SEC on regulatory matters affecting the Funds.
• Proactively communicate with the Fund Boards on compliance matters.
• Effectively work with internal business unit, risk management, and legal functions, as well as the Fund Board and outside counsel, to administer and maintain a comprehensive compliance program, provide advice and problem solve regarding applicable laws, regulations, rules, and standards, including informing them of developments or changes that may affect their area and working with them to implement effective compliance programs.
• Serve as a member of various internal management oversight committees.

Job Requirements:

• Extensive knowledge of the Investment Company Act of 1940 and the Investment Advisers Act of 1940 and other securities laws.
• Ability to effectively present to a Board of Trustees and Northern Trust executive officers within Asset Management and earn their respect and trust.
• Experience interacting with regulators and auditors.
• Analytical and communication skills required to review laws/regulations, assess their impact, and work with affiliated and unaffiliated service providers to monitor, review, and/or implement any necessary policies, procedures, processes, and controls.
• Must be a self-starter, able to work both independently and as part of a team.
• Exceptional written, verbal, and interpersonal communication skills.
• Strong leadership and organizational skills.

Qualifications:

• Bachelor's degree required; advanced degree or JD preferred.
• Regulatory experience a plus.
• 10+ years as a compliance professional, including at least 5 years in a Fund CCO or supporting a compliance program that includes Investment Company Act requirements.