Regulatory Reporting Analyst

At Northern Trust, we are dedicated to providing exceptional financial services to our clients while maintaining the highest standards of compliance and regulation. As a Regulatory Reporting Analyst, you will play a critical role in ensuring that our company meets all regulatory requirements and guidelines. We are seeking a highly skilled and detail-oriented individual to join our team and help us navigate the complex landscape of financial regulations. If you have a passion for regulatory compliance and a strong understanding of reporting requirements, we encourage you to apply for this exciting opportunity. Join us and be a part of a dynamic and growing organization that values integrity, teamwork, and excellence.

1. Monitor and analyze regulatory changes and developments to ensure Northern Trust remains compliant with all relevant regulations and guidelines.
2. Prepare and submit accurate and timely regulatory reports to relevant regulatory bodies.
3. Collaborate with various departments and stakeholders to gather and analyze data for regulatory reporting purposes.
4. Develop and maintain strong relationships with regulatory agencies to ensure a thorough understanding of reporting requirements and expectations.
5. Participate in regulatory exams and audits, providing necessary documentation and support.
6. Identify and communicate potential compliance risks to senior management and recommend remedial actions.
7. Stay updated on industry trends, best practices, and emerging regulations to continuously improve regulatory reporting processes.
8. Develop and maintain comprehensive documentation of regulatory reporting procedures and processes.
9. Work closely with other members of the compliance team to ensure consistency and accuracy in compliance practices.
10. Train and educate employees on relevant regulations and reporting requirements.
11. Perform ad-hoc analysis and reporting as requested by senior management and regulatory bodies.
12. Maintain a strong understanding of Northern Trust's products, services, and operations to ensure accurate and complete reporting.
13. Ensure confidentiality and security of all sensitive information and data related to regulatory reporting.
14. Uphold a high level of professionalism and ethical standards in all interactions with colleagues and regulatory agencies.
15. Continuously seek opportunities for process improvement and efficiency in regulatory reporting procedures.

According to JobzMall, the average salary range for a Regulatory Reporting Analyst in Chicago, IL, USA is between $65,000 to $90,000 per year. However, this can vary depending on the specific company, industry, and level of experience. Some highly experienced Regulatory Reporting Analysts can earn upwards of $100,000 per year.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.