Job Description
About Northern Trust:Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.Job DescriptionThe RoleThe Transfer Agency department provides a third party fund administration service to numerous fund management companies covering the full range of shareholder servicing functions including dealing, registration, finance and investor services. Transfer Agency is a growing department based over Luxembourg and India. It’s a fast paced environment offering all partners excellent opportunities to grow their careers.Reporting into the Team Leader, the AML Consultant will work as part of a dedicated team, providing high touch client service to a range of Northern Trust's Transfer Agency clients.The role requires to be independent with little guidance from line management, to support AML compliance services aligned to:AML Legislation/Regulation & Guidance/Best Practice.AML processes and procedures.The key responsibilities of the role include:On boarding and Off boarding of InvestorsManagement of fund launchesFund transition pre-testing and management of transitions in for Investor AML.Analyse the investor profile, determine the risk level and collect the required set of documentation to meet applicable laws and regulations and in the respect of Northern Trust internal AML Policy proceduresTransmit the relevant communications to Clients/Investors related to the aboveControls on AML activitiesOvernight screening management through FircosoftOngoing due diligence: Assess the content of the documents for completion and compliance to:Standard Registration requirementsPre-determined Anti-Money Laundering / Know your Client requirementsMaintenance of PEP registers (PEPs identified through pre-screening and the overnight Fircosoft process).Transaction monitoring processTesting of AML Letter of Assurance / Letter of Comfort if applicableQA review of Complex Investor AML Operations’ compliance with NT Investor AML processes and procedures.Internal/External AuditsHandle all funds and auditors queries related to AML: Management of internal-external audit/ global compliance testing/ regulator reviewsRespond to all clients and / or associated internal departmental queries in a timely, accurate and professional manner in accordance with departmental procedures.Skills/ Qualifications:The successful candidate will benefit from having:Sound knowledge of Transfer Agency duties ideally in a similar role and of financial marketsExperience in a similar role of equivalent for at least 3 yearsFluency in English (both written and spoken). French or German is a distinct advantageGood understanding of IT system flows and mastering MS OfficeAttention to detail and focus on quality (working with accuracy)Ability to work independently in an organized way and take up appropriate responsibilityAnalytical and technical thinkingTeam spirit with a dynamic and flexible approachStrong communication skills and presentation skillsPlease note that in order to be considered for this role, applicants must hold the necessary work permit for full time employment in Luxembourg.As Northern Trust is a financial organisation, all new employees will be required to undergo a criminal record check.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 is an asset that 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 and apply today. #MadeForGreaterMoovijob
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