Money Laundering Reporting Officer

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.

The Singapore Money Laundering Reporting Officer (MLRO) is responsible for leading Financial Crime Compliance (FCC) efforts in the Singapore branch of The Northern Trust Company.

Key Responsibilities:

• Monitor and coordinate the Singapore branchs day-to-day compliance with the Global AML/CFT/CPF and Economic Sanctions Program and Policies ensuring that global standards are incorporated into local procedures and policies.
• Advise business partners including senior management on FCC risks regulatory expectations and developments or changes in the branch.
• Assist local business partners to assess the money laundering and terrorist financing risk for new proposed or modified products and services and ensure that appropriate AML controls are established and effective.
• Monitor for applicable new or changing regulations complete impact assessments as necessary and oversee regulatory change management initiatives.
• Assess training needs for the branch and provide (or arrange for) targeted training to applicable personnel as necessary.
• Prepare the branch AML/CFT/CPF and Economic Sanctions risk assessments.
• Take corrective action to implement solutions to improve control effectiveness.
• Provide input into transaction monitoring coverage for Singapore clients.
• Review Suspicious Activity/Transaction Reports filed on behalf of the branch and determine responsive actions.
• Serve as the primary point of contact with local regulators and law enforcement authorities on FCC-related matters.
• Lead local regulatory examinations responses and remediation.
• Provide management reporting and periodic updates of local FCC activities (e.g. KRIs regulatory developments program initiatives identified deficiencies and corrective action taken etc.) to senior management and local governance bodies.
• Escalate significant or material issues to senior management and local and/or global governance bodies as applicable.
• Provide forwardlooking guidance on regulatory change emerging risks and business initiatives in the branch.
• Serve as a subject matter expert and provide guidance to local partners regarding FCC-related issues and questions.
• Review work of other local FCC partners.

The successful candidate will demonstrate some of the following skills:

• Deep expertise in financial crimes compliance understanding of compliance risk management conduct risk with experience in large complex financial institutions.
• Foster a culture of strong financial crime risk management accountability and ethical conduct across the organization.
• Provide leadership guidance and mentorship to staff fostering an environment that encourages innovation transparency and teamwork.
• Strong leadership capabilities with proven ability to influence senior management regulators and crossfunctional stakeholders.
• Strategic thinking sound judgment and the ability to anticipate and mitigate evolving financial crime risks.
• A commitment to ethical decisionmaking accountability and continuously strengthening the firms compliance culture.
• Ability to act as a senior culturecarrier demonstrating Northern Trusts valuesrelentlessly client centric actively managing risk respectfully candid intentionally inclusive and always accountable.
• Promote Northern Trusts OneNT strategy by strengthening resiliency enhancing risk management and driving productivity through technology talent and data.

Qualifications:

• 15 years of progressive Compliance experience
• Deep knowledge of local regulatory frameworks (MAS)
• Strong understanding of compliance risk management and financial crime compliance.
• Strategic mindset and strong judgement.
• Exceptional communication and stakeholder management skills.
• Analytical skills necessary to scrutinize and summarize informationand to apply laws and regulations to the Companys business.
• Bachelors degree required; JD MBA CAMS or other advanced qualifications preferred.

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.