Senior KYC​/Enhanced Due Diligence; Global), Specialist

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.

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.

• 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

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.

• 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

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. This includes Skilled Worker visas, Global Business Mobility routes, Graduate visas, Youth Mobility Scheme,…