About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Job Profile Summary
At Senior Consultant, the role requires the provision of leadership and guidance to colleagues and Northern Trust partners to support AML compliance services aligned to:
· AML Legislation/Regulation & Guidance/Best Practice
• Investor AML processes and procedures.
· Northern Trust’s Compliance, Risk and Audit programs
There is a requirement to hold, build and maintain a very strong relationship with the cross boarder across the Investor AML Departments teams to deliver a robust AML Compliance service to Northern Trust’s client and investor base, while understanding and managing the risk associated with the provision of that service on behalf of Northern Trust.
Major Duties :
• Takes responsibility for the timely and accurate completion of workload allocated which may include investor onboarding; transaction monitoring and screening alerts; periodic investor documentation reviews and investor transitions into and out of Northern Trust.
• Leads Investor AML partners’ review of investor documentation and information in adherence with Northern Trust’s AML processes and procedures.
• Works with direct and indirect reporting partners to review investor CDD documentation, ensuring all relevant documentation required for such an investor is obtained (in line with AML processes and procedures), diligently reviewed in line with SLA timelines and ensuring preventative measures are taken in line with protocols and procedures where such action is required.
• Works with direct and indirect reporting partners in performing ongoing reviews of investor accounts such as transaction monitoring, investor screening and ensuring preventative measures are taken in line with protocols and procedures where such action is required.
• Proactively Leads on more complex problems and critical issues as escalated from within the Investor AML teams
• Takes ownership and accountability for completion of Investor AML processes and procedures in conjunction with Investor AML leadership and provides regular, meaningful and accurate periodic updates to his/her line manager
• Leads the development and maintenance of strong working relationships with partners in Northern Trust Investor AML Departments and builds knowledge of all jurisdictions supported.
• Works with his/her line manager and other colleagues to ensure that the Investor AML teams meet the required audit, risk and compliance standards as determined, from time to time, in accordance with advised changes in processes and procedures pursuant to amendments in prevailing legislation, guidance and best practice.
• Maintains an up to date knowledge of Investor AML good practice and uses this knowledge to promote enhancements to Northern Trust’s AML processes and procedures.
• Performs additional work where volume or absence requires such workload to be completed
Accountabilities:
· Accountable for carrying out Investor AML processes in line with agreed procedures and escalation protocols that align with AML Legislation/Regulation & Guidance/Best Practice, Northern Trust’s Compliance, Risk and Audit programs and demonstrate clear ownership of investor AML risk by the Investor AML team
• Comply with, and ensure direct and indirect reports comply with, the global AML regulatory regime in which Northern Trust operates as appropriate to the above role.
• Expected to exercise due care and diligence, and ensure that the responsibilities of the role are organized and controlled within the ambit of regulation, compliance and risk management.
• Observe proper standards of market, business and personal conduct, demonstrating integrity in the execution of such duties.
· Employees are required to comply with the regulatory regime in which Northern Trust operates as appropriate to the above role
· Ensure issues / compliant are managed in line with NT policies and dealt with in a professional and timely manner
· Oversee activity outsourced to offshore locations ensuring any issues / concerns in performance are escalated to senior management
Knowledge :
• Knowledge of day-to-day Investor AML processes and procedures and the wider funds administration business.
• Previous SME coaching or people management experience.
• Previous experience in an Investor AML servicing role.
• Strong organisational and communication skills.
• Effective risk management.
• Ability to research and understand complex issues and deliver solutions agreed with line management. General knowledge of the global Investor AML regulatory environment.
• General knowledge of Microsoft Office applications relating to designated areas of responsibility.
Experience:
• Overall experience of working within AML environment
• Bachelor’s degree with emphasis in Accounting, CA or ICWA Inter/Master degree/IAQ/IOC or equivalent a plus
• Accounting / financial services/ capital markets work experience or equivalent
• Experience in Audit/Operational Control/ Risk or equivalent
• Ability to work on own initiative
• Extensive knowledge of collective investment scheme administration and knowledge/ understanding of Luxembourg/Ireland/Guernsey/UK regulatory environment
• Client Service experience, preferably gained in an investment administration environment
• Strong drive on data protection and compliance requirements
• Excellent planning and organisation skills
• Demonstrate a good understanding of TA workflow and processes including AML / KYC / investor onboarding
• A good understanding of effective risk management
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
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 sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
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.