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.
Role/ Department:
As part of the Ireland Investor AML Ongoing Monitoring team, the role requires the completion of a workload, with guidance from colleagues and line management, to support all aspects of the ongoing monitoring of investors in line with:
- AML Legislation/Regulation & Guidance/Best Practice.
- The Ireland Investor AML Department’s processes and procedures.
In addition, the role requires partners to hold, build and maintain strong relationships with the Northern Trust Transfer Agency and Client Services Departments, as well as other key stakeholders, to deliver a robust AML Ongoing Monitoring service to Northern Trust’s client and investor base.
The key responsibilities of the role include:
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Take responsibility for timely and accurate completion of AML Ongoing Monitoring workload allocated on a daily basis.
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Actively participates, and takes ownership where required, in Investor AML’s’ periodic review process for all investors, including the review of investor documentation in adherence with Northern Trust’s AML policy and procedures.
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Works with colleagues and line management in reviewing such investor documentation and efficiently sourcing outstanding investor due diligence documentation (if any) with professionalism of approach and timely escalation of material issues arising.
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Actively participate in daily AML ongoing monitoring processes such as transaction monitoring and overnight screening of investors and their accounts.
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Is aware of and has the ability and confidence to assess adverse media on investor accounts as well as assessing high risk factors linked to accounts, such as the involvement of PEP’s.
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Escalates, and assists with, the resolution of more complex problems and critical issues as referred to the Investor AML Ongoing Monitoring team, as well as those received from other internal and/or related external parties.
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Ensures that all queries from internal and external parties are dealt with efficiently and professionally, with support from line management where required.
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Develops and maintains strong working relationships with clients and partners in other Northern Trust departments.
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Works with line management to ensure that the Investor AML team meets the required audit, risk and compliance standards as determined, from time to time, in accordance with changes in legislation and guidance.
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Maintains an up to date knowledge of AML regulation and best practice and uses this knowledge to promote enhancements to Northern Trust’s AML processes and procedures.
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Performs additional work where volume or absence requires such workload to be completed across AML Ongoing Monitoring.
Skills/ Qualifications:
The successful candidate will benefit from having:
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Knowledge of day-to-day AML and Transfer Agency operations and the wider funds administration business.
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Strong organisational and communication skills.
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Effective risk management.
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Ability to research, understand and deliver solutions to issues, including more complex issues as agreed with line management.
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Previous experience in an AML, Compliance or Transfer Agency role. Experience in the assessment and ongoing monitoring of investor accounts is preferable.
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Knowledge of the AML regulatory environment in Ireland and the UK is preferable.
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Ability to work to tight deadlines and drive workloads forward using own initiative.
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General knowledge of Microsoft Office applications relating to designated areas of responsibility.
Work Authorization
Applicants must have the right to work in Ireland at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.
Working with Us
As a Northern Trust 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 committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.
