At a Glance
- Tasks: Manage KYC/EDD processes and oversee compliance across global operations.
- Company: Join Northern Trust, a leader in wealth management and financial services.
- Benefits: Flexible work culture, career growth, and commitment to community service.
- Other info: Inclusive workplace with opportunities for personal and professional development.
- Why this job: Make a real impact in financial crime compliance while working with experts.
- Qualifications: Experience in financial services compliance and strong risk management skills.
The predicted salary is between 60000 - 80000 £ per year.
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.
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 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.
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.
Work Authorization
Applicants must have the right to work in the United Kingdom at the time of application and for the duration of employment. Please note that Northern Trust is unable to provide visa sponsorship for this role.
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.
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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
Global KYC/Enhanced Due Diligence Specialist in London employer: Northern Trust
Northern Trust is an exceptional employer, offering a dynamic work environment in Greater London that fosters professional growth and development. With a strong emphasis on employee well-being, we provide comprehensive benefits and a collaborative culture that values innovation and excellence in service delivery. Join us to be part of a team that prioritises meaningful client relationships and supports your career aspirations in the financial services sector.
