Global KYC/Enhanced Due Diligence Specialist

Northern Trust • Chicago, IL

9d • Hybrid

About The Position

An experienced Know Your Customer (KYC)/Enhanced Due Diligence (EDD) subject matter expert is being recruited in the Global Financial Crime Compliance (FCC) function in the second line of defense to manage and oversee KYC/EDD processes and controls across the firm’s global footprint. The role reports to the Global Head of KYC/EDD and located in London or Chicago.

Requirements

• Significant experience in financial services compliance or risk management
• Significant years of anti-money-laundering (including KYC/CDD/EDD)
• Strong knowledge of risk management processes and controls
• Prior experience supporting KYC transformation in a global financial institution
• Knowledge of business(es), products and services
• Strong technical competence and subject matter expertise in KYC/CDD/EDD
• In-depth knowledge of applicable FCC-related laws and regulations and ability to apply this to the company’s business
• Ability to proactively identify, analyze and manage FCC-related risks
• Ability to drive multiple initiatives at the same time and deliver high-quality outcomes
• Ability to build and maintain effective stakeholder relationships
• Strong teamwork and communication skills
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Responsibilities

• Managing KYC/EDD activities performed in the second line of defense including KYC policy/standards, advisory, oversight, assurance and resolution of risk issues/escalations
• Supporting a multi-year KYC transformation program partnering with the first line of defense to drive enhancements to systems and controls in line with regulatory requirements, industry best practices, and organizational needs
• Acting as subject matter expert to support a team of EDD professionals that onboard and perform periodic review of high-risk and complex customer relationships, ensuring effective management of financial crime risks
• Providing AML/KYC advice and guidance, and effective challenge as required
• Working closely with the first line of defense to drive centralization and efficiency in KYC/ EDD processes and controls, ensuring a globally consistent approach
• Ensuring controls are adhered to by business functions in all regions, countries and legal entities across the firm’s global footprint
• Supporting regulatory examinations, internal audits, and other assurance testing reviews
• Proactively identifying risks and taking corrective action to implement solutions to improve control effectiveness; managing risk issues and escalations
• Enhancing reporting on KYC/CDD/EDD and providing regular updates to various governance bodies
• Managing multiple projects and meeting timely deadlines

Benefits

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed