Consultant, Global AML Framework

126 Northern Operating Srvs Asia; Manila; On-site; PHP 480,000 - 900,000; Full time

Job summary

Northern Trust in Manila seeks an AML Compliance professional to advise senior partners on programs, regulations, and risk matters, and to work with regulators and auditors on governance topics. The role requires 5–7+ years in Compliance or risk management and a strong understanding of financial crime controls.

You will develop and execute risk assessments, perform QC reviews, address remediation actions, and contribute to oversight reporting, ensuring regulatory alignment and ongoing control

Qualifications

• Knowledge of risk management and applicable laws and regulations.

Responsibilities

• Advises business partners, including senior management, on AML Compliance programs and applicable laws, regulations, rules and standards.
• Proactively communicates developments, regulatory changes, and emerging risks that may impact business activities.
• Assists in development and execution of AML and Economic Sanctions risk assessment.
• Quality Control and Assurance Activities.
• Designs and executes QC reviews to assess the effectiveness, accuracy, and completeness of AML processes, risk assessments, and issue remediation.
• Identifies control gaps, provides actionable feedback, and supports continuous process improvement.
• Manages Financial Crime Compliance related issues through lifecycle including identification, root cause analysis, action plan development, tracking, and closure validation.
• Ensures timely and sustainable remediation in line with governance standards
• Develop and implement reporting to oversight committees.
• Interacts with regulators and auditors on regulatory topics.

Job description

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.

Major Duties

• Advises business partners, including senior management, on AML Compliance programs and applicable laws, regulations, rules and standards.
• Proactively communicates developments, regulatory changes, and emerging risks that may impact business activities.
• Assists in development and execution of AML and Economic Sanctions risk assessment.
• Quality Control and Assurance Activities.
• Designs and executes quality control (QC) reviews to assess the effectiveness, accuracy, and completeness of AML processes, risk assessments, and issue remediation.
• Identifies control gaps, provides actionable feedback, and supports continuous process improvement.
• Manages Financial Crime Compliance related issues. (e.g., regulatory findings, audit issues, internal testing results) through their lifecycle, including identification, root cause analysis, action plan development, tracking, and closure validation.
• Ensures timely and sustainable remediation in line with governance standards
• Develop and implement reporting to oversight committees.
• Interacts with business partners, regulators, and internal and external auditors on regulatory topics.
• Operates independently; has in-depth knowledge of Compliance risk avoidance.
• Serves as a subject matter expert or other resource within a group for regulatory Compliance matters.
• May mentor junior level employees and review the work of others.

Knowledge

Knowledge of risk management and the Company's strategic goals. In-depth knowledge of applicable laws and regulations, acquired through formal education and work experience, is required. Analytical and communication skills are necessary to consult with and communicate information to partners/clients; to analyze and summarize information; and to apply laws and regulations to the Company's business.

Experience

Experience: 5-7 or more years' experience, preferably in Compliance or risk management; or equivalent related 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 [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Manila Office

The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 - driving meaningful impact and sustainable growth. Learn more.

Looking for greater?

You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Terms and Conditions Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance. Northern Trust also provides reasonable accommodations in the hiring process to assist candidates with disabilities.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)