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:
Overall responsibility for Singapore policies and procedures for countering financial crime, including money laundering, terrorist financing, bribery and corruption and sanctions related compliance
Advise Singapore management and business partners on applicable laws, regulations, rules, standards and best practices which may impact their business
Partner with Singapore management and business partners to implement anti-financial crime compliance programs, including training on such programs
Identify, document and drive Singapore business acceptance of anti-financial crimes risks
Embed framework for identifying and documenting all local anti-financial crime obligations
Implement and ensure tracking of anti-financial crime regulatory changes in Singapore and Southeast Asia (as relevant)
Overseeing anti-financial crime risk assessments for Singapore
Assist to develop and conduct other anti-financial crime monitoring, both for Singapore and the broader APAC business
Identify areas for control enhancement in either the first or second line of defense
Ensure adherence to global requirements regarding rules mapping, risk assessments, monitoring, and regulatory change
Work in partnership with the wider Compliance, Anti-Financial Crime, Risk and Controls teams
May draft policies and procedures for Singapore and APAC businesses, including for internal anti-financial crime / compliance use
Produce and analyze Compliance reports and data for internal committees and boards
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.
Lead projects and increase understanding of project management methodologies
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.
Internal Number: 4968728
About Northern Trust Company
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