Senior KYC/Enhanced Due Diligence (Global), Specialist

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.

About the Role

An 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/Experience

The 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:

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 Authorization

Applicants 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).

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.