Global Head of AML/KYC Governance

Northern Trust, a Fortune 500 company, is a globally recognized financial institution that has been in continuous operation since 1889. Northern Trust is looking for a highly skilled and motivated individual to lead the management of AML/KYC Governance matters for our First Line of Defence (1LOD) Anti-Money Laundering (AML)/Know Your Customer (KYC) function across the enterprise. This position will report directly to the Global Head of AML/KYC – First Line of Defence, within the office of the Chief Operating Officer (COO).

The Head of AML/KYC Governance – First Line of Defence will be responsible for establishing the AML/KYC Governance Team within the Center of Expertise, and for implementing and overseeing all 1LOD AML/KYC Governance matters across the enterprise, ensuring the Center of Expertise maintains a consistent, sustainable, high-quality operating model.

Key Responsibilities

• Design and implement the Governance Framework to be deployed in the Center of Excellence and implement controls and testing to ensure its ongoing effectiveness and compliance with enterprise-wide policies and standards.
• Provide a quality control function to perform periodic testing of all KYC activities undertaken by the Center of Excellence to provide assurance as to its quality, effectiveness, and sustainability.
• Identify, analyse, and manage any risks, ensuring all risks are recorded, and oversee steps taken to ensure they are mitigated to an acceptable level within Northern Trust's risk appetite.
• Strengthen Northern Trust’s AML/KYC risk posture by assessing and demonstrating clear ownership of identified issues and associated risks, exercising discipline in risk management processes, and delivering on heightened regulatory requirements through risk mitigation techniques.
• Stand up and lead the 1LOD AML/KYC Working Group, collaborating with key stakeholders across the enterprise on tactical and strategic matters impacting 1LOD AML/KYC risk mitigation activities.
• Manage all outsourcing matters for the AML/KYC Center of Excellence, providing necessary information and forums for executing upon outsourcing obligations.
• Recruit, manage, develop, and coach a team of AML/KYC Governance experts to ensure performance against team, Business Unit, and firm goals through the implementation of high governance processes.
• Ensure effective communication of all Money Laundering risks and issues through building and maintaining a direct relationship with Business Unit and corporate function representatives.
• Work with the Head of Program Management to provide commentary on global status reporting of all activities undertaken by the Center of Excellence.
• Collaborate with the Global Head of AML/KYC – First Line of Defence to drive the business plan and budgets for the Center of Excellence in line with Enterprise Goals.

Qualifications

• A college or university degree and/or relevant proven work experience.
• Prior 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.
• Highly collaborative, with leadership qualities to influence positively at all levels of the organization.
• Proven ability to effectively lead and assume accountability for a multi-jurisdictional team.
• Experienced with embedding resiliency in all facets of the end-to-end AML/KYC process.
• Significant experience in identifying, designing, building, and implementing end-to-end workflow leveraging technology 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 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 MyHRHelp@ntrs.com. We value an inclusive workplace and understand flexibility means different things to different people.