Responsibilities
- Advises and assists clients on applicable laws, regulations, rules and standards, regulatory reporting, including keeping them informed of regulatory developments or changes.
- Participates in developing Compliance programs and acts as a contact point within the Client Compliance Services Team for Compliance inquiries from Internal Partners.
- Maintains PEP register, authorises PEP transaction clearance, and provides PEP regulatory reporting.
- Provides Transaction Monitoring, Quality Control/Quality Assurance and associated reporting.
- Conducts and signs off on monthly outsourcing oversight and QC testing of offshore locations providing AML services.
- Participates in establishing written guidance on the appropriate implementation of Compliance programs and laws, regulations, rules and standards through policies, procedures and other documents such as compliance manuals, internal codes of conduct and practice guidelines.
- Identifies, measures, and documents Compliance risk to enhance Compliance risk assessments and assess the appropriateness of Compliance procedures and guidelines.
- Identifies situations which may pose significant Compliance risk and guides Clients in developing policies and/or procedures that minimize risk.
- Interacts with business partners, regulators, and internal and external auditors on regulatory topics.
- Operates independently and has in-depth knowledge of Compliance risk avoidance.
- Serves as a subject matter expert for regulatory Compliance matters.
- Mentors junior level employees and reviews the work of others.
Knowledge
- Knowledge of risk management and in-depth knowledge of applicable GFSC laws and regulations, acquired through formal education and work experience. Requires analytical and communication skills for consulting and communicating information to clients at board level and internal partners, summarising information, and applying laws and regulations to the company's business.
Experience
- Several years of experience, preferably in Compliance or risk management; or equivalent related experience.
Benefits
- Financial – Life Assurance, Disability Plan, Pension/Gratuity, Annual Pay Review
- Work Life Balance – Flexible Work Options, Incremental Annual Leave, Community Volunteer Days
- Health & Wellbeing – Private Medical Insurance, Active Sports & Social clubs, Employee Assistance Program
- Professional Development – Clear Career Path, Education Assistance, Recognition Programme, NT University, and employee-led Business Resource Councils dedicated to diversity and inclusion initiatives.
Accommodations
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.
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