About Northern TrustAs 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.THE ROLEAs 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.Responsible for the oversight of custody activities including safekeeping of assets, trade processing and securities settlement, payments, entitlements, tax reclaims, network management, custody transitions & account opening, asset pricing & coding, reconciliations, and cash management & liquidity services .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 responsibility for implementing the strategy & activities comprising Custody, Depositor Protection and Client Asset Safety impacting TNTC-IB.Responsible for overseeing the development and implementation of robust and effective resiliency and business continuity arrangements (BCP) addressing market and client needs incorporating appropriate stress testing for the activities comprising Custody as a business service impacting TNTC-IB.Primary responsibility for understanding and applying the Third Party and Outsourcing requirements for the activities comprising Custody as a business service impacting TNTC-IB.Develops business unit budget and manages the expenses for the business unit.Provides leadership and guidance to staff, fostering an environment which encourages employee participation, teamwork, and communication.Evaluates key business challenges; directs the development of new or innovative solutions.Skills and experience:Technical Expertise of CBI Client Asset Requirements and preferably prior experience performing a Client Asset Oversight role.Experience of custody products and services.Strong understanding of policy, compliance, and best practice security principles.Well-developed management and leadership skills.Knowledge of relevant legal/regulatory requirements.Excellent communication skills, both verbally and in writing, to technical and non-technical audiences of various levels within Northern Trust or outside the organization (executives, regulators, clients, etc.). Able to think strategically, navigate and communicate effectively across a complex organisation.Note: This role will be subject to the Senior Executive Accountability Regime (SEAR), which imposes a legal Duty of Responsibility on persons carrying out this Pre-Approval Controlled Function (PCF) role.Working with Us: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 ethical companies. In return, we will support you with your personal and career goals in a number of ways:Financial – Life Assurance, Disability Plan, Pension/ Gratuity, Annual Pay ReviewWork Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer DaysHealth & Wellbeing – Private Medical Insurance, Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance ProgramProfessional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University (wide range of online, virtual & in-house training options) and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.And Finally 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.Work AuthorizationApplicants must have the right to work in Ireland at the time of application and for the duration of employment.Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.Working with UsAs a Northern Trust 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 committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities. Reasonable AccommodationNorthern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.