Posted: 8h ago
The role
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 the world’s most successful individuals, families, and institutions, guided by 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.
Role/ Department
As part of the Ireland Investor AML Ongoing Monitoring team, the role requires completing 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
Take responsibility for timely and accurate completion of AML Ongoing Monitoring workload allocated on a daily basis.
Actively participate 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.
Review investor documentation and efficiently source outstanding investor due diligence documentation with professionalism and timely escalation of material issues.
Actively participate in daily AML ongoing monitoring processes such as transaction monitoring and overnight screening of investors and their accounts.
Assess adverse media on investor accounts and evaluate high-risk factors linked to accounts, such as PEP involvement.
Escalate and assist with the resolution of more complex problems and critical issues referred to the Investor AML Ongoing Monitoring team or from internal or external parties.
Ensure all queries from internal and external parties are dealt with efficiently and professionally, with support from line management where required.
Develop and maintain strong working relationships with clients and partners in other Northern Trust departments.
Work with line management to ensure the Investor AML team meets audit, risk and compliance standards as determined by changes in legislation and guidance.
Maintain up-to-date knowledge of AML regulation and best practice and promote enhancements to Northern Trust’s AML processes and procedures.
Perform additional work as needed to complete workload across AML Ongoing Monitoring when volume or absence requires it.
Skills/ Qualifications
Knowledge of day-to-day AML and Transfer Agency operations and the wider funds administration business.
Strong organisational and communication skills.
Effective risk management.
Ability to research, understand and deliver solutions to issues, including more complex issues as agreed with line management.
Previous experience in an AML, Compliance or Transfer Agency role. Experience in the assessment and ongoing monitoring of investor accounts is preferable.
Knowledge of the AML regulatory environment in Ireland and the UK is preferable.
Ability to work to tight deadlines and drive workloads forward using own initiative.
General knowledge of Microsoft Office applications relating to designated areas of responsibility.
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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