AML/KYC Risk Management and Outsourcing Manager

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

AML/KYC Risk Management and Outsourcing Manager

Northern Trust is seeking an experienced and highly motivated governance professional to lead the day-to-day oversight of AML/KYC risk management and outsourcing governance activities within the First Line of Defence (1LOD) AML/KYC function. Reporting to the Global Head of AML/KYC Governance, this role will be responsible for ensuring effective governance, oversight, and risk management across the KYC Center of Excellence (CoE).

The successful candidate will serve as a key partner to Business Unit leadership, Compliance, Risk Management, Internal Audit, and outsourcing partners, helping to strengthen Northern Trust’s AML/KYC risk framework and ensuring governance obligations are executed consistently across the global operating model.

Key Responsibilities:

• Support the identification, assessment, monitoring, and reporting of AML/KYC risks across the Center of Excellence.

• Oversee the management of issues, control deficiencies, audit findings, and regulatory actions, ensuring timely remediation and sustainable resolution.

• Coordinate and support enterprise risk management activities, including Risk and Control Self-Assessments (RCSA), Enterprise-Wide Risk Assessments (EWRA), and other governance obligations.

• Contribute to the development and maintenance of governance reporting, risk metrics, key risk indicators, and management information to provide transparency on the AML/KYC control environment.

• Partner with key stakeholders to ensure emerging risks, control weaknesses, and operational challenges are identified, escalated, and managed appropriately.

• Support regulatory examinations, internal audits, compliance reviews, and external assessments impacting the AML/KYC function.

• Act as the primary governance lead for outsourced AML/KYC activities performed on behalf of Northern Trust.

• Oversee service performance monitoring, issue management, risk assessments, and periodic governance reviews for all AML/KYC outsourcing arrangements.

• Coordinate with Business Unit, Risk, Compliance and Outsourcing Governance teams to ensure effective execution of outsourcing obligations.

• Lead the preparation of outsourcing governance materials, management reporting, and senior management updates relating to outsourced AML/KYC activities.

• Ensure outsourcing risks are appropriately identified, documented, assessed, and escalated through established governance processes.

• Support the Global Head of AML/KYC Governance in the execution of the overall governance framework and strategic governance initiatives.

• Lead governance forums and working groups relating to AML/KYC risk management, control oversight, and outsourcing governance.

• Provide leadership and guidance to governance professionals supporting risk management and outsourcing oversight activities.

Qualifications:

• University degree and/or relevant professional experience.

• Financial services experience, with significant experience in AML/KYC, Operational Risk, Governance, Risk Management, or Financial Crime Compliance.

• Strong knowledge of regulatory expectations relating to AML/KYC, risk management, and outsourcing oversight.

• Demonstrated experience managing risk and control frameworks, issue management programs, and governance processes within a regulated financial institution.

• Experience overseeing outsourced or offshore service delivery models, preferably within financial crime, operations, or shared services environments.

• Strong understanding of audit, regulatory examination, and remediation management processes.

• Proven ability to engage and influence senior stakeholders across multiple business functions and jurisdictions.

• Excellent analytical, reporting, and communication skills, with experience presenting governance and risk information to senior management and governance committees.

• Experience supporting large-scale transformation initiatives and evolving operating models.

Eligibility - Internal Partners

• 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 

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In 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.