Compliance & AML Officer

About the Role

Northern Trust is seeking a Compliance & AML Officer to join its established Saudi Compliance function in Riyadh. This full-time role is integral to a wider EMEA Compliance framework and supports the company's securities business within the Kingdom. The position reports directly to the Chief Compliance Officer & MLRO of Northern Trust Company of Saudi Arabia.

Role Context and Team

The Saudi Compliance team operates with clear goals and open communication, promoting collaborative working and empowering team members. The team utilizes a structured and risk-based Compliance Programme to provide assurance to Senior Management regarding compliance with regulatory obligations. The Compliance & AML Officer will work closely with the EMEA Compliance team, TNTCoSA Senior Management, and regional/global compliance team members.

Key Responsibilities

• Monitor and review procedures and practices to ensure compliance with regulatory requirements and internal policies.
• Advise business partners on compliance programmes, applicable laws, regulations, rules, and standards, including updates.
• Respond to internal and external inquiries to clarify regulatory requirements.
• Recommend appropriate procedural changes as needed.
• Assist in the development of Compliance programmes and act as a contact point for Compliance inquiries.
• Identify and document Compliance risks associated with company activities.
• Research and develop analytical reports and solutions for departmental issues.
• Participate in training partners and delivering communications on applicable laws and regulations.
• Coordinate and/or perform activities related to designated Compliance initiatives.
• Carry out Compliance-related activities through direct interaction with committees and management.
• Monitor internal procedures and files relating to laws, regulations, rules, and standards, ensuring accessibility for business partners and management.
• Work on projects and develop project management skills.
• Communicate with the regulator on reporting obligations and queries, ensuring timely and accurate responses.
• Implement and monitor Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) controls, ensuring compliance with local and international standards.
• Support periodic AML/CTF risk assessments and assist with investigations into suspicious activities, escalating findings as required.
• Perform compliance monitoring and testing activities to assess internal control effectiveness and identify areas for improvement.
• Monitor personal account dealing activities to ensure adherence to internal policies and regulatory standards.
• Support Rule Maps review to ensure alignment with regulatory requirements and internal compliance frameworks.
• Support compliance risk assessments to identify, evaluate, and mitigate potential regulatory and operational risks.
• Support internal periodic reporting to EMEA or senior management, ensuring timely and accurate delivery of compliance updates and metrics.

Work Culture at Northern Trust

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, supported by a company with a strong history of financial strength and stability. Northern Trust encourages internal movement, provides accessible senior leadership, and is committed to an inclusive workplace. The company also has a deep-rooted philanthropic culture, with employees worldwide contributing their time and talent to community service.