The Role
AML Compliance Ireland is part of the wider Northern Trust Financial Crime Compliance team and reports locally to the International Head of Financial Crime Compliance. The successful candidate will report directly to the Head of AML Compliance Ireland. This role involves supporting the Head of AML Compliance Ireland to execute the AML compliance programme of the Administrator and Depositary entities in Ireland and report to key stakeholders on compliance with Anti‑Money Laundering (AML), Counter‑Terrorist Financing (CTF) and Economic Sanctions (Sanctions) regulatory requirements. The role will involve participation in EMEA and Global AML forums, initiatives and activities. The successful candidate will be responsible for investigation of suspicious activity, conducting AML compliance activities and providing day to day advice and support to the business and key stakeholders on AML/CFT/Sanctions matters.
Key responsibilities of the role include
Management of the AML Compliance mailbox, responding to requests for information and provision of advice and support on AML/CFT/Sanctions related matters;
Represent AML Compliance at Due Diligence Reviews of the Administrator that are being conducted by clients and their MLROs;
Daily review and closure of sanctions screening alerts of the investor base, including escalation to key stakeholders;
Investigate Unusual Activity Reports raised by partners to the MLRO, acting as the key point of contact with Fund MLROs during investigations and submission of Suspicious Transactions Reports to the authorities as requested by the MLRO. Periodic reporting to Fund MLROs on suspicious activity;
Perform annual reviews including obtaining approvals for Policies, Procedures and Service Descriptions (SDs) owned by the AML Compliance team;
Prepare quarterly reports for Risk Committees and Boards, including review and challenge of MI provided to Compliance on AML activities performed by first line team;
Complete the annual AML/CFT Business Risk Assessments of the AML/CFT/Sanctions risk for the Administrator and Depositary entities;
Perform the role of second line of defence partners in the implementation of AML regulatory change in accordance with the Regulatory Change Framework;
Conduct monitoring reviews of AML activities performed by first line teams, including reviews and approvals of high risk clients’ CDD at onboarding and periodic review.
Skills / Experience
Proven experience in an AML role, or a non‑AML role that evidences AML was a key component of the role;
Knowledge of Irish and EU AML/CFT and Sanctions regulations is essential;
Highly motivated individual who has a proven record of using initiative to resolve problems;
Analytical ability to identify and understand problems as well as to provide effective solutions;
Excellent written and oral communication skills;
Attention to detail;
Confidence and expertise to advise and challenge senior management and the business;
Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved;
Ability to deal effectively with multiple competing deadlines.
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.
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