Senior Consultant

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.

Role/ Department

The Transfer Agency department provides a third party fund administration service to numerous fund management companies covering the full range of shareholder servicing functions including dealing, registration, finance and investor services. Transfer Agency is a growing department based over Luxembourg and India. It’s a fast paced environment offering all partners excellent opportunities to grow their careers.

Reporting to the Team Leader, the Senior Consultant in AML, will work as part of a dedicated team, providing high touch client service to a range of Northern Trust's Transfer Agency clients.

The role requires to be independent with little guidance from line management, to support AML compliance services aligned to:

- AML Legislation/Regulation & Guidance/Best Practice.
- AML processes and procedures.

The key responsibilities of the role include

On boarding and Off boarding of Investors
- Management of fund launches
- Fund transition pre-testing and management of transitions in for Investor AML.
- Analyse the investor profile, determine the risk level and collect the required set of documentation to meet applicable laws and regulations and in the respect of Northern Trust internal AML Policy procedures
- Transmit the relevant communications to Clients/Investors related to the above

Controls on AML activities
- Overnight screening management through Fircosoft
- Ongoing due diligence: ensuring It is handled timely or duly escalated to the management
- Standard Registration requirements
- Pre-determined Anti-Money Laundering / Know your Client requirements Maintenance of PEP registers (PEPs identified through pre-screening and the overnight Fircosoft process).
- Transaction monitoring process
- Testing of AML Letter of Assurance / Letter of Comfort if applicable
- QA review of Complex Investor AML Operations’ compliance with NT Investor AML processes and procedures.

Internal / external Audits
- Handle all funds and auditors queries related to AML: Management of internal-external audit/ global compliance testing/ regulator reviews
- Respond to all clients and / or associated internal departmental queries in a timely, accurate and professional manner in accordance with departmental procedures.

Internal Documentation review
- Application Forms and Prospectuses reviews

Skills/ Experience
- Sound knowledge of Transfer Agency duties ideally in a similar role and of financial markets
- Experience in a similar role of equivalent for at least 3 years
- Fluency in English (both written and spoken). French or German is a distinct advantage
- Good understanding of IT system flows and mastering MS Office
- Attention to detail and focus on quality (working with accuracy)
- Ability to work independently in an organized way and take up appropriate responsibility
- Analytical and technical thinking
- Team spirit with a dynamic and flexible approach
- Strong communication skills and presentation skills

Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

Reasonable accommodation


We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.