Consultant, Aml Control

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:
As a Subject Matter Expert (SME), you will act as first line AML/CTF control partner and custody account opening processor to ensure that Northern Trust Global Services (NTGS) SE business units do effectively comply in their operational processes with the NTGS SE AML/CTF & account opening policy with regards to NTGS SE direct clients.

The key responsibilities of the role include:

- Analyse, prepare and send AML/CTF KYC documentation for each new client and existing clients for ongoing review.
- Follow up, review and complete AML/CTF KYC documentation obtained for new and existing clients.
- Process custody account opening requests as per NTS SE policies and procedures
- Maintain, develop and amend, when necessary, our operational procedures, processes, tools and databases to ensure effective compliance.
- Oversee and ensure that the delegates managing the outsourced activities in line our Northern Trust (NT) policies.
- Perform sample tests on a regular basis on these AML services performed by other NT locations.
- Review and validate each 6-month post fund launch check made by the Relationship Managers.
- Act as the 1rst line privileged contact point for the Relationship Managers and the different delegates.
- Prepare and review regulatory reporting and deliver complete and timely reporting to regulator(s).
- Perform regular AML/CTF KYC controls on existing client profiles & assist in internal/external audit & regulatory requests.
- Escalate to NTGS SE MLRO and COO any issues with regards to the effectiveness.

Skills/ Qualifications:

- In depth knowledge of Anti-Money Laundering Legislations of Luxembourg, Anti-Fraud Procedures and other relevant regulations
- Ability to interpret AML / Fraud / Sanctions / Financial Crime regulations and assess impact to existing AML Ops processes to implement improvement to financial crime systems and controls;
- Strong knowledge of the Luxembourg regulatory framework, rules, legislation and guidance in relation to all Financial Crime matters;
- Able to present issues and recommendations to senior management in governance forums in a coherent and pragmatic manner.

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.

About Our Luxembourg Office

In 2024, the Northern Trust Luxembourg office celebrated their 20th anniversary, an important chapter in their history. Having opened in 2004 to support one client, they have since grown their client base substantially and increased their headcount significantly, which now stands at over 400.

From modern fully equipped meeting rooms to a vast canteen with a view over a vegetable garden, maintained by our team all year round, and a rooftop where beehives have been installed, this space is truly a source of pride for our team.

Learn more.