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Non-Executive Director
Northern Trust
London, , United Kingdom
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Non-Executive Director and Chair Northern Trust Global Investments Limited (NTGIL)
The Department
Northern Trust Corporation is now seeking to appoint a non-executive director and chair for Northern Trust Global Investments Limited (NTGIL) a wholly owned asset management subsidiary of Northern Trust Management Services Limited (NTMSL), together forming a UK consolidation group (the NTGIL Group).
NTGIL is a UK incorporated entity authorised and regulated by the Financial Conduct Authority (FCA) as a limited licence firm. NTGIL’s immediate parent NTMSL, also a UK incorporated company and itself a wholly owned subsidiary of The Northern Trust International Banking Corporation (TNTIBC), a US incorporated bank. Northern Trust Corporation (NTC), a financial holding company based in Chicago, is the ultimate parent of TNTIBC and its subsidiaries.
As a firm regulated by the FCA, NTGIL is subject to existing requirements regarding approved persons and will be in scope of any future extension of the UK Individual Accountability Regime. This appointment will be subject to regulatory pre-approval.
Northern Trust seeks candidates with a reputation for, and record of, integrity and good business judgment, who have experience in positions with a high degree of responsibility and are leaders in the organisations with which they are affiliated. Candidates should be free from conflicts of interest that could interfere with a director’s duties to NTGIL and be willing and able to make the necessary commitment of time and attention required for effective board service.
The key responsibilities of the role include:
• Responsible for chairing the NTGIL Board, creating the conditions for overall board and individual director effectiveness
• Demonstrating the highest standards of integrity and probity, setting clear expectations concerning the company’s culture, values and behaviours and the style and tone of board discussions
• With the help of executive directors and the company secretary, setting the agenda for the board’s deliberations with a focus on the implementation of strategy, performance, risk management and accountability
• Ensuring that the directors receive accurate, timely and clear information including that on the company’s current performance to enable the board to take sound decisions, monitor effectively and provide advice and challenge to promote the success of the company.
• Leading the development of and monitoring the effective implementation of policies and procedures for the induction, training and professional development of all members of the firm’s governing body
• Ensuring optimal board composition through active participation in the succession planning process of the board
• Ensuring the performance of regular board evaluations and acting on the results of those evaluations
• Encouraging all board members to engage in board and where relevant committee meetings by drawing on their skill, experience, knowledge and, where appropriate, independence
• Developing productive working relationships inside and outside the board room, with all executive directors, and the CEO in particular, providing support and advice while respecting executive responsibility
• Engagement on risk and compliance issues through membership of the firm’s risk committee
Qualifications
The successful candidate will benefit from having:
• In-depth knowledge of the Asset Management industry
• In depth knowledge of the challenges faced by senior management operating within a heavily regulated environment
• Experience of corporate governance structures/risk management
• Experience as a non-executive director /chairman of a financial services firm
Additional Information i.e. time commitment, fee and expenses is available upon request. Please contact James Fox, Vice President, Northern Trust Corporation. Email jf166@ntrs.com Direct Dial +44 (0) 207 9822175.
About Northern Trust
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.
As of March 31, 2017, Northern Trust Corporation had:
• $121 billion in banking assets
• $7.1 trillion in assets under custody
• $8.9 trillion in assets under custody/administration
• $1.0 trillion in assets under management