Guernsey Compliance - Saint Peter Port, United Kingdom - Northern Trust Corp.

Northern Trust Corp.

Verified Company

Saint Peter Port, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

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:

This senior leadership role will work closely with the Guernsey Head and support the discharging of the statutory and regulatory obligations of the Chief Compliance Officer (CCO), Money Laundering Reporting Officer (MLRO) and Money Laundering Compliance Officer (MLCO) for the Northern Trust banking and fiduciary entities ('the firms') in Guernsey.

Reporting directly to the Guernsey Head and working within the second line of defence, the role holder has responsibility for ensuring a comprehensive regulatory compliance and financial crime framework is embedded through the provision of advice, assurance and assessment of controls.

The key responsibilities of the role include:

Framework_
Develop a strong understanding of the firms' operations, products/services, systems and associated risks/controls.
Be fully conversant in applicable risks and regulatory change and represent the organisation on, and participate in, industry working groups and forums.
Develop, review and enhance Compliance policies and standards to ensure continued compliance with statutory and regulatory obligations arising from multijurisdictional activities.
Provide technical expertise to senior management to manage their relevant regulatory and legal requirements. Interact directly with other key risk functions including Legal, Operations and Fraud teams as well as with Global compliance colleagues based in EMEA and the US.
As the key member of the leadership team in Guernsey, work with Regional and Global compliance colleagues in other geographical locations to enable the development of global standards, knowledge transfer and best practice.
Provide appropriate reporting and training at various governance approval committees, including the firms' Board and Risk Committee.
Monitoring_
Full oversight of unusual activity investigations and suspicious activity reporting, including the timely investigation and escalation of potential money laundering, terrorist financing, fraud or other criminal activities to relevant stakeholders.
Develop a programme of oversight in relation to activities performed as part of the Compliance shared services model, including creation and maintenance of Service Level Descriptions and KPIs.
Develop and implement a risk based monitoring plan to provide assurance over the firms' Compliance framework.
Review new business activities to ensure they are assessed for compliance and potential risks.
Participate directly in projects ensuring Guernsey business's statutory and regulatory obligations are being met.
Regulator Coordination_
Investigate and submit suspicious transactions reports as the Nominated Officer.

Skills/ Qualifications:

Comprehensive knowledge and experience in applicable laws, regulations, and industry trends that impact their assigned line of business.
An influencer who engenders trust and builds relationships at all levels whilst acting with integrity.
Strong analytical skills and a clear thinker with the ability to analyse, communicate and report in a clear, concise and effective manner to all levels of management.
Ability to identify issues and associated risks, and provide practical solutions to a wide range of issues.
Ability to work efficiently, meet demanding deadlines and balance multiple tasks. A selfstarter who uses their own initiative to constantly develop

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.