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MLRO and APAC Anti-Financial Crime Monitoring

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Risk Management/Compliance
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73669 Requisition #
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Who we are

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 16,500 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.

 

What we do

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.

 

What you will do

AML Compliance forms part of Global Compliance and Corporate Risk function and is entrusted with ensuring identification, risk assessment and monitoring of all our regulatory obligations in the locations we operate.  The Singapore MLRO works closely with Singapore business partners and compliance to ensure adherence to MAS 626 and related Anti-Financial Crime requirements.  This role will also assist with broader APAC Anti-Financial Crime duties, including compliance with global programs and the monitoring of suspicious transactions.  This role will work closely with other MRLOs in the APAC region. 

 

As part of the Asia Pacific compliance team, this role is in the second line of defence and will assist in the implementation of the Northern Trust Compliance model.  The Compliance function is responsible for ongoing oversight and reporting regarding regulatory obligations to senior compliance and business management. 

 

DUTIES:

  1. Overall responsibility for Singapore policies and procedures for countering financial crime, including money laundering, terrorist financing, bribery and corruption and sanctions related compliance
  2. Advise Singapore management and business partners on applicable laws, regulations, rules, standards and best practices which may impact their business
  3. Partner with Singapore management and business partners to implement anti-financial crime compliance programs, including training on such programs
  4. Identify, document and drive Singapore business acceptance of anti-financial crimes risks
  5. Embed framework for identifying and documenting all local anti-financial crime obligations
  6. Implement and ensure tracking of anti-financial crime regulatory changes in Singapore and Southeast Asia (as relevant)
  7. Overseeing anti-financial crime risk assessments for Singapore
  8. Conduct regional suspicious transaction monitoring
  9. Assist to develop and conduct other anti-financial crime monitoring, both for Singapore and the broader APAC business
  10. Identify areas for control enhancement in either the first or second line of defense
  11. Ensure adherence to global requirements regarding rules mapping, risk assessments, monitoring, and regulatory change
  12. Work in partnership with the wider Compliance, Anti-Financial Crime, Risk and Controls teams
  13. May draft policies and procedures for Singapore and APAC businesses, including for internal anti-financial crime / compliance use
  14. Produce and analyze Compliance reports and data for internal committees and boards
  15. Prefer knowledge of Custody, Asset Servicing, FX, Fund Administration, Brokerage businesses as well as corporate governance such as outsourcing, data privacy and bank secrecy requirements. 
  16. Lead projects and increase understanding of project management methodologies

 

Your Knowledge/Skills

  • Fluent in English and ability to communicate in a clear, concise and effective manner (verbal and written)
  • Experience implanting Singapore’s anti-money launder and other anti-financial crime laws and regulations, including MAS 626 
  • Understanding of regional regulations (e.g., MAS, SFC, JFSA, AUSTRAC, Korean KOFIU, CBIRC / PBOC) and relevant laws preferred
  • ACAMS or other relevant certification preferred
  • Experience providing compliance advisory and operational support
  • Strong organisational skills, a collaborative approach to work, with strong interpersonal skills
  • Ability to use initiative and work unsupervised in a proactive manner
  • 3-7 years of related experience   

 

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

 

Northern Trust is an equal opportunity employer. We aim for excellence in our efforts to recruit, develop and deploy the highest caliber workforce. Our commitment and success to a diverse workforce is evident in employee satisfaction and industry acknowledgment. For a list of all our achievements please click here.

For a private discussion please contact Gez Williams on +61 3 9935 8204.

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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement