At a Glance
- Tasks: Manage KYC/EDD processes and oversee compliance across a global financial institution.
- Company: Join Northern Trust, a leader in financial services with a commitment to diversity and inclusion.
- Benefits: Competitive salary, health benefits, and opportunities for professional growth.
- Other info: Work in a supportive environment that values teamwork and effective stakeholder relationships.
- Why this job: Make a real impact in financial crime compliance while working with a dynamic team.
- Qualifications: Experience in financial services compliance and strong knowledge of KYC/CDD/EDD processes required.
The predicted salary is between 60000 - 80000 £ per year.
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 is 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.
Qualifications
- 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.
- 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.
Work Authorization
Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment. Northern Trust is unable to provide visa sponsorship for this role.
EEO Statements
Northern Trust is committed to working with and providing reasonable accommodations 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.
Northern Trust provides equal employment opportunities to all employees and applicants without discrimination.
Contact Details:
079 NT Management Services Limited Recruitment Team
