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 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 Role
Provides outsourced MLRO/MLCO services to our clients.
* Advises and assists our clients on applicable laws, regulations, rules and standards, regulatory reporting, including keeping them informed of regulatory developments or changes.
* Participates in developing Compliance programs and acts as a contact point within the Client Compliance Services Team for Compliance inquiries from Internal Partners.
* Maintains PEP register, Authorises PEP transaction clearance. Provide PEP Regulatory reporting.
* Provides Transaction Monitoring, Quality Control/Quality Assurance and associated reporting.
* Conducts and signs off on monthly outsourcing oversight and QC testing of offshore locations providing AML services.
* Participates in establishing written guidance on the appropriate implementation of Compliance programs and laws, regulations, rules and standards, through policies and procedures and other documents, such as Compliance manuals, internal codes of conduct and practice guidelines.
* Identifies, measures, and documents Compliance risk to enhance Compliance risk assessments and assess the appropriateness of Compliance procedures and guidelines.
* Identifies situations which may pose significant Compliance risk and guides Clients in developing policies and/or procedures that minimize risk.
* Interacts with business partners, regulators, and internal and external auditors on regulatory topics.
* Operates independently; has in-depth knowledge of Compliance risk avoidance.
* Serves as a subject matter expert for regulatory Compliance matters.
* Mentor junior level employees and review the work of others.
Knowledge
* Knowledge of risk management. In-depth knowledge of applicable GFSC laws and regulations, acquired through formal education and work experience, is required. Analytical and communication skills are necessary to consult with and communicate information to clients at board level and internal Partners; to analyse and summarise information; and to apply laws and regulations to the Company\'s business.
Experience
* Several years\' experience, preferably in Compliance or risk management; or equivalent related experience.
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 Review
* Work Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer Days
* Health & Wellbeing – Private Medical Insurance, Active Sports & Social clubs (lunchtime and after-work groups), Employee Assistance Program
* Professional 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.
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.
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.
For further information, and to apply, please visit our website via the “Apply” button below.
#J-18808-Ljbffr