Global Head of AML/KYC - First Line of Defense

About Northern Trust :

Remember to check your CV before applying Also, ensure you read through all the requirements related to this role.

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring 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.

Summary :

Northern Trust is looking for a highly skilled and motivated individual to lead our First Line of Defense (1LOD) Anti-Money Laundering (AML) / Know Your Customer (KYC) function across the enterprise.

This position will report directly to the Global Head of Client Onboarding within the office of the Chief Operating Officer (COO).

The Global Head of AML / KYC First Line of Defense will be responsible to stand up the AML / KYC Center of Expertise, centralize all 1LOD AML / KYC activities across the enterprise, and implement a consistent, sustainable, standard operating model.

Key Responsibilities :

• Lead AML / KYC operations across the firm to support Business Units in the timely and accurate delivery of the end-to-end onboarding of new clients / accounts, completion of Periodic Reviews (PRs) and Event Driven Reviews (EDRs) for existing clients / accounts to comply with Northern Trust’s AML / KYC policies and standards as well as regulatory requirements.
• Provide Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) services to Northern Trust’s Business Units globally;

including careful oversight of the collection / analysis of client data, documents, and publicly available information for new and existing client accounts.

• Strengthen Northern Trust’s AML / KYC risk posture by assessing and demonstrating clear ownership of tasks and associated risks, exercising discipline in risk management processes, and delivering on heightened regulatory requirements through risk mitigation techniques that ensure accuracy and completeness of AML / KYC records through a robust quality assurance process.
• Drive identification and implementation of opportunities to streamline and continuously improve efficiency and achieve scale within AML / KYC Operations;

developing and utilizing a single source of metrics to inform / drive effective management, oversight, timing, and escalation of key issues.

Recruit, manage, develop, and coach team of AML / KYC talent to ensure performance against team, Business Unit, and firm goals;

implementing a high-standard AML / KYC training framework for new hires and continuous learning.

• Establish a strong and trusted relationship with 2LOD leadership and team to ensure continuous alignment, combined with standing-up a global AML / KYC leadership forum to facilitate stakeholder management and engage on tactical and strategic matters.
• Build and maintain a direct and robust relationship with Relationship Management to inform all Relationship Managers on their critical role and responsibility relative to KYC.
• Act as the 1LOD direct interface with regulatory bodies for statutory audits and ad hoc reviews while remaining current on regulatory developments through participation in industry forums.

Qualifications :

• A college or university degree and / or relevant proven work experience.
• 15+ years of experience in financial services; well versed in regulatory and statutory requirements for a G-SIB, preferred.
• Advanced knowledge of AML / KYC / financial crimes regulations and processes.
• Transformation mindset, experienced in consolidation of disparate teams and functions to create one Center of Expertise and continuously mature the operating model to best in class.
• Highly collaborative, executive-level gravitas and leadership qualities to influence positively and productively at all levels of the organization (including C-Suite leaders), with clients, and regulators.
• Proven ability to effectively lead and assume accountability for a multi-jurisdictional team to achieve organizational goals.
• Experienced with embedding resiliency in all facets of the end-to-end AML / KYC process to ensure continuity and heightened confidence.
• Significant experience in identifying, designing, building, and implementing end-to-end workflow leveraging technology, process improvements, and industry best practices.
• Accomplished change leader, driving efficiency toward achieving operational scale while maintaining and improving organizational risk posture.

Working with Us :

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.

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 [email protected].

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.

Talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the Apply button below.

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