Consultant, Global AML Framework

ACCA Careers; Metro Manila; On-site; PHP 1,500,000 - 2,200,000; Full time

Job summary

Northern Trust in Manila seeks an experienced professional to lead AML compliance initiatives and risk assessments, partnering with senior management and regulators to ensure strong governance and timely remediation.

You will design and execute risk-based controls, communicate regulatory developments, and mentor junior staff while providing clear reporting to oversight committees.

Qualifications

• 5–7+ years of experience in Compliance or risk management.
• In-depth knowledge of applicable laws and regulations.
• Strong analytical and communication abilities to advise partners/clients.

Responsibilities

• Advises business partners, including senior management, on AML Compliance programs and applicable laws, regulations, rules and standards.
• Proactively communicates regulatory developments and emerging risks impacting business activities.
• Assists in development and execution of AML and Economic Sanctions risk assessments.
• Designs quality control reviews to assess AML processes, risk assessments and remediation.
• Manages regulatory findings, audit issues, and remediation lifecycle with governance alignment.
• Develops and implements reporting to oversight committees.
• Interacts with regulators and auditors on regulatory topics.
• Operates independently with deep Compliance risk knowledge.
• Mentors junior staff and reviews others' work.

Skills

Analytical skills

Communication skills

Regulatory knowledge

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

• 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.