Risk Management Specialist
4 days ago
Northern Trust: A Globally Recognized Financial Institution
We 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.
Role/ Department
The Investor AML Operations team supports Guernsey clients, requiring completion of a workload with guidance from colleagues and line management to support all aspects of AML in line with:
- AML Legislation/Regulation & Guidance/Best Practice.
- The Investor AML Department's processes and procedures.
In addition, partners must maintain strong relationships with key stakeholders to deliver a robust AML service to our client and investor base.
The Key Responsibilities Of The Role Include
- Coordinate the work of the team, assign tasks, set short-term priorities, monitor all activities, and ensure timely and accurate completion of the work.
- Address internal and external inquiries related to Anti Money Laundering requirements for investors.
- Analyse procedural requirements and suggest suitable procedural changes where applicable.
- Develop training material and facilitate training within the department, including new hires.
- Act as a key subject matter expert and mentor to other employees.
- Manage performance, develop careers, and handle staffing and disciplinary actions.
- Identify problems, propose solutions, and implement new approaches to ensure the team achieves its objectives.
- Affect the quality of tasks performed or services provided by the team.
- Participate in AML operations quality control review of investor documentation for investors, ensuring adherence to Northern Trust's AML policy and procedures.
- Work with colleagues and line management to review investor documentation and efficiently source outstanding due diligence documentation, if any.
- Be aware of adverse media on investor accounts and assess high-risk factors linked to accounts, such as PEP involvement.
- Escalate and assist with the resolution of more complex problems and critical issues referred to the Investor AML Operations team.
- Ensure efficient and professional handling of queries from internal and external parties, with support from line management where required.
- Work with line management to ensure the Investor AML team meets audit, risk, and compliance standards as determined.
- Maintain an up-to-date knowledge of AML regulation and best practice to promote enhancements to Northern Trust's AML processes and procedures.
- Perform additional work where volume or absence requires such workload to be completed across AML Operations.
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