Hybrid AML Consultant, Compliance

at Northern Trust

• Job title: AML Consultant, Compliance
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: Not specified
• Degree requirement: No Education Requirement
• Location requirements: Hybrid, Limerick, Ireland

About the role

• AML Consultant role at Northern Trust focusing on compliance with AML, CTF, and Sanctions regulations in Ireland. Involves investigation of suspicious activities and supporting compliance initiatives.

Responsibilities

• Supporting the Head of AML Compliance Ireland to execute the AML compliance programme of the Administrator and Depositary entities in Ireland
• Reporting to key stakeholders on compliance with AML, CTF and Sanctions regulatory requirements
• Participation in EMEA and Global AML forums, initiatives and activities
• Management of the AML Compliance mailbox, responding to requests for information and provision of advice and support on AML/CFT/Sanctions related matters
• Represent AML Compliance at Due Diligence Reviews of the Administrator conducted by clients and their MLROs
• Daily review and closure of sanctions screening alerts of the investor base, escalating to key stakeholders
• Investigate Unusual Activity Reports raised by partners to the MLRO and act as the key point of contact with Fund MLROs during investigations
• Submission of Suspicious Transactions Reports to the authorities as requested by the MLRO
• Periodic reporting to Fund MLROs on suspicious activity
• Perform annual reviews obtaining approvals for Policies, Procedures and Service Descriptions owned by the AML Compliance team
• Prepare quarterly reports for Risk Committees and Boards, reviewing and challenging MI provided on AML activities performed by first line team
• Complete annual AML/CFT Business Risk Assessments of the AML/CFT/Sanctions risk for the Administrator and Depositary entities
• Conduct monitoring reviews of AML activities performed by first line teams including high risk clients’ CDD at onboarding and periodic review.

Requirements

• Proven experience in an AML role, or a non-AML role that evidences AML was a key component of the role
• Knowledge of Irish and EU AML/CFT and Sanctions regulations is essential
• Highly motivated individual who has a proven record of using initiative to resolve problems
• Analytical ability to identify and understand problems as well as to provide effective solutions
• Excellent written and oral communication skills
• Attention to detail
• Confidence and expertise to advise and challenge senior management and the business
• Ability to make decisions on their own and also to be a team player and effective communicator to ensure that issues are appropriately resolved
• Ability to deal effectively with multiple competing deadlines.

Benefits

• Health insurance
• Flexible working hours
• Professional development opportunities