Junior Compliance Officer

Job description / Role

We are currently looking for a Junior Compliance and Money Laundering Officer to join our UK and Mainland EMEA Compliance Team. This role will make sure that the firm meets its primary regulatory compliance obligations with respect to Northern Trust’s business in Saudi Arabia and Abu Dhabi.

The role will include supporting the business with any regulatory questions that they have as well as conducting regular compliance monitoring to ensure that Northern Trust remains compliant with financial regulations in both jurisdictions. The role will also involve interactions with the broader UK and Mainland Compliance and Anti-Money Laundering teams.

This is an excellent training environment for someone looking to learn about compliance in a supportive environment.

The Junior CO is expected to build out their knowledge of current regulatory requirements and developments, to monitor compliance risk, to identify gaps and work with the First Line Business Teams to respond to regulatory change and ensure continued compliance.

The Junior CO will learn to provide advisory services to the partners and management of TNTCoSA on the implications of new regulatory policies or Bank products, and assists in the implementation of new or revised policies and programmes to address them.

The main responsibilities will include:
• Undertaking and completing the monthly monitoring plans, ensuring that the results are evidenced and gaps identified.
• Work with Corporate Compliance to ensure that Rule Maps are current and complete regular Compliance Risk Assessments.
• Keeping abreast of new regulatory developments that will be relevant for Northern Trust.
• Provide advisory services to the business on the Saudi and Abu Dhabi regulations.
• Work collaboratively with EMEA Financial Crime Compliance (FCC) Team in relation to Fraud and Anti Bribery & Corruption (inc. input to Ethics request).
• Act as a local point of contact (for the business and EMEA FCC team) in respect of AML and sanctions.

Requirements

The successful candidate will have:
• Ability to investigate, analyse and solve problems and, if necessary, escalate to the Compliance management
• Ability to quickly absorb information
• Able to work on own initiative
• Have previous experience of working in the Financial Services Industry and ideally have knowledge of Global Custody.
• Excellent Microsoft Office Skills
• Ability to write and speak in English

About Northern Trust
For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.

As of September 30, 2018, Northern Trust Corporation had:

$10.8 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets

About the Company

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region, and 18,100 employees globally. We serve the world's most-sophisticated clients - from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

Our guiding principles not only survived but thrived during the Great Depression, two world wars and the 2008 financial crisis. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.