Compliance & AML Officer

About Northern Trust

Northern Trust (Nasdaq: NTRS) is a global leader in wealth management, asset servicing, asset management, and banking services. Established in 1889, the company operates with three guiding principles: Service, Expertise, and Integrity. With over 135 years of financial experience and more than 24,000 partners, Northern Trust serves clients worldwide, utilizing leading technology and service.

The Role of Compliance & AML Officer

Northern Trust is seeking a Compliance & AML Officer to join its established Saudi Compliance function in Riyadh. This full-time role is part of a wider EMEA Compliance framework and will report to the Chief Compliance Officer & MLRO of Northern Trust Company of Saudi Arabia. The officer will work closely with the EMEA Compliance team, TNTCoSA Senior Management, and regional/global compliance team members to ensure adherence to regulatory obligations and internal policies. The team operates with clear goals, open communication, and a collaborative working environment.

Key Responsibilities

• Monitor and review procedures and practices to ensure compliance with regulatory requirements and internal policies.
• Advise business partners on compliance programs, applicable laws, regulations, rules, and standards, including keeping them informed of developments.
• Respond to internal and external inquiries regarding regulatory requirements and recommend procedural changes as needed.
• Assist in the development of Compliance programs 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.
• Support periodic AML/CTF risk assessments and assist with investigations into suspicious activities.
• Perform compliance monitoring and testing activities to assess internal controls.
• Monitor personal account dealing activities to ensure adherence to policies and regulatory standards.
• Support Rule Maps review and compliance risk assessments.
• Support internal periodic reporting to EMEA or senior management.

Qualifications and Experience

• 0-1 years of experience in a relevant field.
• Understanding of applicable regulatory requirements and internal policies.
• Ability to research and analyze information effectively.
• Strong communication skills for advising partners and liaising with regulators.

Work Environment

This position is based in the Northern Trust office in Riyadh, Saudi Arabia. The role involves working within a collaborative team that emphasizes open communication and empowerment, contributing to a structured and risk-based Compliance Programme.

Application Process

Candidates interested in this Compliance & AML Officer position are encouraged to apply. Salary details will be discussed during the interview process.