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.
Within the Global Payments Practice, the Sanctions and Anti-Fraud Practice Lead is responsible for managing the Global Sanctions and Payments Fraud Team. The Practice Lead provides leadership and direction through their team and is accountable for the performance and results of the Sanctions and Payments Fraud team. Executes business plans and contributes to the development of functional strategy.
Responsible for collaborating with Asset Servicing senior leaders, as well as other business leaders to develop strategic and financial objectives and for leading the execution of those objectives. Responsible for assessing opportunities to streamline processes and implement change via system enhancements and/or automation, as appropriate. Proactively build relationships and partner with capability teams to uncover opportunities and develop strategies to improve service.
Management responsibilities and decisions likely include hiring, performance reviews, pay decisions and development. Conduct the performance management process, identify training and development needs, and establish performance standards for the Practice.
Major Duties:
- Responsible for directing and supporting the Payments Sanctions and Fraud Operations functions
- Responsible for regulatory oversight for the corporation, at the corporate level of compliance policy development and/or evaluation of regulatory policies and procedures
- Define the Sanctions and Fraud function and necessary production organization to carry out business objectives
- Advises partners, including senior management, on compliance with applicable laws, rules and standards, including keeping them informed on developments with business procedures and processes
- Oversees the development of Sanctions and Fraud compliance programs that impact the corporation
- Proactively research and coordinate enhancements and transformation
- Support Business in providing thought leadership to benefit NT
- R esponsible for maintaining quality service with future considerations
- Ensure changes match industry trends and client expectations in terms of partnering with technology and service delivery
- Identify opportunities for continuous efficiencies, scale, and value
- Organize the functional work from a process and locational regulatory standpoint
- Provide input to Talent Decisions as related to upskilling the function from a service perspective
- Effectively manage change and transformation objectives
- Point of contact for issues specific to functions under management
- Coordinate operational response to complex issues
- Collaborate with other Practice Execs and capabilities to deliver and overall seamless operational offering
- Coordinate response between operational teams
- Liaise between BU stakeholders and operational leaders on recurring issues
- Stay updated on relevant laws, regulations and industry trends related to financial crimes.
- Monitor anomaly detection system performance and implement detection strategies to reduce false positives...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
