Compliance & AML Officer

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.

Role/ Department:

Northern Trust has an established Saudi Compliance function; part of a wider EMEA Compliance framework; with Saudi partners based in Riyadh office. Clear goals, open communication, promoting collaborative working, empowering team members and an enjoyable working environment are features of how we try to operate as a team.

The team uses a structured and risk based Compliance Programme, to provide assurance to Senior Management of the Saudi licenses to conduct securities business within the Kingdom; and compliance with their regulatory obligations.

This role is based in Riyadh and will report to the Chief Compliance Officer & MLRO of Northern Trust Company of Saudi Arabia. The person will work closely with all members of the EMEA Compliance team and TNTCoSA Senior Management, as well as regional/global compliance team members.

The key responsibilities of the role include:

The successful candidate will benefit from having:

• Monitors and reviews procedures and practices of partners to assure compliance with applicable regulatory requirements and adherence to internal policies.
• Advises business partners on compliance programmes and applicable laws, regulations, rules and standards, including keeping them informed of developments or changes that may affect their area.
• Responds to internal and external inquiries and requests for information to clarify regulatory requirements. May recommend appropriate procedural changes.
• Assists in the development of Compliance programmes and may act as a contact point within the company for Compliance inquiries from partners.
• Identifies and documents any Compliance risks associated with the Company's activities.
• Researches and develops analytical reports and solutions for issues being addressed by the department.
• Participates in training partners and delivering communications on applicable laws and regulations.
• Coordinates and/or performs activities related to designated Compliance initiatives.
• Carries out Compliance-related activities through direct interaction with committees and management.
• Monitors internal procedures and files relating to laws, regulations, rules and standards; and ensures they are accessible to business partners and management.
• Works on projects and learning project management skills.
• Communicates with the regulator on reporting obligations and queries, ensuring timely and accurate responses in line with regulatory expectations.
• Implements and monitors Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) controls, ensuring compliance with local and international standards.
• Supports periodic AML/CTF risk assessments and assists with investigations into suspicious activities, escalating findings as required.
• Performs compliance monitoring and testing activities to assess the effectiveness of internal controls and identify areas for improvement.
• Monitors personal account dealing activities to ensure adherence to internal policies and regulatory standards.
• Supports Rule Maps review to ensure alignment with regulatory requirements and internal compliance frameworks.
• Supports compliance risk assessments to identify, evaluate, and mitigate potential regulatory and operational risks.
• Supports internal periodic reporting to EMEA or senior management, ensuring timely and accurate delivery of compliance updates and metrics.

Skills/Qualifications

• Previous experience in the Compliance field within Capital Market Institutions.
• CME Qualified – Currently or previously a Compliance registered person with CMA.
• Highly motivated individual who wishes to develop their skills within a progressive compliance role in a financial services environment.
• Compliance monitoring, AML, Audit, Risk or Control experience and/or experience of providing advisory support to business areas would be an advantage.
• Ability to convey complex concepts or large amounts of data, in a clear and concise manner to diverse and senior audiences (verbal and written).
• Capable of making decisions, applies sound judgement and knows how/when to escalate.
• Ability to operate within strict reporting deadlines whilst balancing multiple, competing priorities.
• Influencing and conflict resolution skills.
• Proven and strong learning agility with a keen desire to support the development of others.
• Self-starter and team player.
• Effective oral and written communication skills.

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.