at Northern Trust Company in Chicago, Illinois, United States
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.
The Global Regulatory Affairs Office (GRAO) is responsible for overseeing the enhancement of our risk management and controls, remediation of regulatory and audit findings and the administration of regulatory affairs. This Financial Crime Specialist role sits within the GRAO with primary responsibility for providing subject matter expertise across a multi-year regulatory and risk program necessary to execute GRAO strategy. This role will report into the Program Sponsor for compliance and legal risk.
The Financial Crime Specialist will support key pillars of the Program, responsible for financial crime risk across the compliance lifecycle with a particular focus on risk assessment, policy, monitoring, incident and issue management, metrics and governance for Level 3 risks aligned to financial crime risk.
The ideal candidate will have strong financial crime risk knowledge alongside a track record of leading complex projects and transformation supported by data and technology. They will need to work with diverse, cross-functional teams and stakeholders across the organization including the Business-As-Usual Financial Crime teams across the regions.
Principal Responsibilities
The key responsibilities of the role include:
- Responsible for supporting the definition and execution of financial crime risk within the First and Second Lines of Defense (1LOD and 2LOD) across the compliance lifecycle (risk assessment, policy, monitoring, incident and issue management, metrics and governance for Level 3 risks aligned to financial crime risk).
- Collaborating with other Program Leads within the Compliance Program, stakeholders across all lines of defense, multiple business units and senior management who manage financial crime risk. This will require significant co-ordination within the existing Financial Crime Compliance teams and in particular the Global Head of AML, Conduct & Tax and the International Head of Financial Crime.
- Lead Working Group meetings to support transformation and maintains efficient and appropriate governance to enable successful outcomes.
- Manage the pillars and deliverables for financial crime risk with a forward-looking mindset, i.e., proactively anticipate any potential issues, prevent them and/or define pragmatic contingency plans.
- Support activities, and the Pillar Leads, to enable successful delivery against agreed deadlines.
- Proactively manage dependencies, 'reusable assets' (components of the solution that have been already built elsewhere), roadblocks and learning points (i.e., milestones defined to resolve any uncertainty that the team might be dealing with).
- Timely escalate and relentlessly pursue resolution of any roadblocks with a clear, end-to-end ownership mindset.
- Ability to communicate effectively with developers, data architects and infrastructure resources to ensure there is a clear and concise understanding of requirements and acceptance criteria to ensure the frameworks and operating model are technology enabled as it relates to financial crime risk.
- Help shape...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
