Regulatory Change Quality Assurance Specialist

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 the Role Are you an experienced assurance, testing, or controls professional who enjoys improving processes, strengthening controls, and helping business partners achieve better outcomes? Northern Trust is seeking a Quality Assurance Specialist to join the Regulatory Change Assurance Hub within the Global Regulatory Change Management (GRCM) Department. Reporting to the Head of Regulatory Change Assurance (Toronto, ON), this role is responsible for performing independent quality assurance reviews of key Regulatory Change Management controls, processes, data, and technology. The successful candidate will assess whether critical regulatory change management activities are operating as intended, identify opportunities for enhancement, and provide practical recommendations that strengthen regulatory outcomes across the organization. The role requires a balanced and pragmatic professional who can provide constructive challenge while building strong partnerships with stakeholders. In addition to conducting quality assurance reviews, the individual will support Senior Regulatory Change Assurance Managers in the execution of reviews of new or amended regulations recently implemented by the organization and assist with audit, regulatory examination, and remediation closure activities. Major Duties Conduct independent quality assurance reviews of key Regulatory Change Management controls, processes, systems, and data to assess whether regulatory changes are being identified, assessed, managed, and reported effectively. Perform targeted assessments of regulatory implementation activities to determine whether regulatory outcomes were achieved, and the solutions are likely to be sustainable. Provide practical review, challenge, and advice to GRCM Department senior management to ensure their initiatives and deliverables to ensure they meet the standard of independent testing functions. Evaluate the quality, completeness, accuracy, and reliability of regulatory data, management reporting, records, and supporting documentation used throughout the Regulatory Change Management process. Assess the adequacy of regulatory monitoring, horizon scanning, applicability assessments, Rules Inventory governance, system interfaces, and other critical GRCM activities. Execute assurance methodology, perform detailed analysis, and document conclusions using a consistent and evidence-based methodology. Identify weaknesses, process inefficiencies, data quality concerns, and governance gaps and develop practical, risk-based recommendations for improvement. Support the execution of Regulatory Change Assurance reviews by assisting with planning, evaluation, evidence gathering, workpaper documentation, and observation development. Assist with monitoring and verification of remediation activities to determine whether identified observations can be appropriately closed. Draft observations and recommendations, providing practical, risk-based guidance and partnering with stakeholders to develop achievable and sustainable resolution plans. Prepare high-quality reports, presentations, memoranda, and closure assessments suitable for senior management, Internal Audit, Compliance, and regulatory