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Manager
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Job 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 worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.
Section Manager Market Operations- Global Cash Services -Sanctions Control Team
Job Summary:
Sanction control team is responsible for providing Operational Support for Wealth Management Asset Servicing and Asset Management clients of Northern Trust. This position is responsible for managing the Sanctions control Team covering APAC NA and EMEA time zones. The job involves leading/managing a team of Analysts Senior Analysts Technical Coordinators and Team Leader. This position would report to the Division Manager / Practice Lead Sanctions Control. Conducts the performance management process identifies training and development needs and establishes performance standards for the relevant groups. Makes staffing decisions and ensures resources are available to accomplish priorities. Manages and directs individuals within the relevant groups usually through relevant direct reports. Participates in developing/provides input and support to the strategic plan and budget management process.
Major Duties:
Overall responsibility/accountability for client delivery (BAU) migrations driving automation/productivity/efficiency and people/career development programs.
Responsible for providing leadership and guidance to staff fostering an environment that encourages employee engagement and teamwork.
Assist the senior management on preparation of Business oriented presentations and metrices.
Provide oversight and escalation point for unresolved issues.
Ensuring that the business objectives are being met. Assure appropriate senior management oversight and governance of BAU activities.
Responsible for the development and enforcement of controls within the operations of the unit to deliver a near to flawless standard of service.
Implement Sanctions Screening Controls Monitoring & Consolidating scenarios and thresholds.
Understand systems provide feedback for improvement engage in upgrades / enhancements.
Accountable for ensuring that adequate operations controls are implemented risks are mitigated and processes are compliant with regulatory requirements.
Makes staffing decisions and ensures resources are available to accomplish priorities. Builds a diverse team through recruiting hiring and succession planning.
Conducts the performance management process including salary reviews identifies training and development needs and establishes performance standards for the division/unit. Supports individual career aspirations with lateral movement to new roles or growth and tenure in current roles.
Assumes accountability for liaising cross-function to improve efficiency effectiveness and productivity.
Strong technical and people manager with leadership qualities to think and act strategically.
Focus on leading and developing people through continuous mentoring / coaching.
Effectively monitor the volume and timeliness reports to ensure turnaround time are met consistently. Come- up with strategies to increase STP rate and reduce false positives in sanction screening.
Knowledge/Skills
Leadership (Addresses difficult issues builds effective teams focused on goals champions new initiatives fosters development gives timely feedback and coaching Idea generator and sets challenging performance standards)
Interpersonal (relationship building respectful resolves problems people friendly and organizational savvy)
Communication (presentation attentive listening oral communication allows others to express themselves and written communication skills)
Self-management (adaptability and resilience learning behavior integrity and ethics and relationship builder)
Administration (Anticipates needs execution planning process specialist quality seeker and time management)
Strong knowledge of financial / capital markets SWIFT Network and MT/ MX messages. Need to understand OFAC Embargo and sanction screening.
Excellent desktop IT and systems skills. Knowledge of Microsoft Office is essential.
Knowledge of related systems: Fircosoft Sanction screening application (preferred)
Individuals with certifications related to Sanctions/AML would be an added advantage.
Experience and Qualification
Minimum 10 to 12 years of work experience in financial industry with at least 36 months of people management experience. Experience in sanction screening related activities is a must.
Bachelors degree in accounting or finance
Ready to work in night shift.
Eligibility
3 years as a Team leader to move as a Section Manager currently at an officer Level
Movement within Senior Consultant and Section Manager is applicable if they have prior 36 months of people management experience
Shift Time
Night Shift (Shift start 6:30PM IST)
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.
Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .
We hope youre 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.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
About Our Bangalore Office
The Northern Trust Bangalore office established in 2005 is home to over 5600 this stunning office space we offer fantastic amenities which include our Arrival Hub Jungle the GameZone and the Employee Experience Zone that appeal to both clients and employees.Learn more.
Required Experience:
Manager
Employment Type
Full-Time
