About the RoleAn experienced Know Your Customer (KYC)/Enhanced Due Diligence (EDD) subject matter expert is being recruited in the Global Financial Crime Compliance (FCC) function in the second line of defense to manage and oversee KYC/EDD processes and controls across the firm's global footprint. The role reports to the Global Head of KYC/EDD and located in London or Chicago.
Key Responsibilities:- Managing KYC/EDD activities performed in the second line of defense including KYC policy/standards, advisory, oversight, assurance and resolution of risk issues/escalations
- Supporting a multi-year KYC transformation program partnering with the first line of defense to drive enhancements to systems and controls in line with regulatory requirements, industry best practices, and organizational needs
- Acting as subject matter expert to support a team of EDD professionals that onboard and perform periodic review of high-risk and complex customer relationships, ensuring effective management of financial crime risks
- Providing AML/KYC advice and guidance, and effective challenge as required
- Working closely with the first line of defense to drive centralization and efficiency in KYC/ EDD processes and controls, ensuring a globally consistent approach
- Ensuring controls are adhered to by business functions in all regions, countries and legal entities across the firm's global footprint
- Supporting regulatory examinations, internal audits, and other assurance testing reviews
- Proactively identifying risks and taking corrective action to implement solutions to improve control effectiveness; managing risk issues and escalations
- Enhancing reporting on KYC/CDD/EDD and providing regular updates to various governance bodies
- Managing multiple projects and meeting timely deadlines
Knowledge/ExperienceThe successful candidate will benefit from having:
- Significant experience in financial services compliance or risk management;
- Significant years of anti-money-laundering (including KYC/CDD/EDD);
- Strong knowledge of risk management processes and controls;
- Prior experience supporting KYC transformation in a global financial institution;
- Knowledge of business(es), products and services.
The successful candidate will display;
- Strong technical competence and subject matter expertise in KYC/CDD/EDD
- In-depth knowledge of applicable FCC-related laws and regulations and ability to apply this to the company's business
- Ability to proactively identify, analyze and manage FCC-related risks
- Ability to drive multiple initiatives at the same time and deliver high-quality outcomes
- Ability to build and maintain effective stakeholder relationships
- Strong teamwork and communication skills
Salary Range:
$114,700 - 194,900 USD
Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).
