AML Consultant. Luxemburgo

The Role

The Transfer Agency department provides a third party fund administration service to numerous fund management companies covering the full range of shareholder servicing functions including dealing, registration, finance and investor services.  Transfer Agency is a growing department based over Luxembourg and India. It's a fast paced environment offering all partners excellent opportunities to grow their careers.  

Reporting into the Team Leader, the AML Consultant will work as part of a dedicated team, providing high touch client service to a range of Northern Trust's Transfer Agency clients.

The role requires to be independent with little guidance from line management, to support AML compliance services aligned to:​

AML Legislation/Regulation & Guidance/Best Practice.

AML processes and procedures.

The key responsibilities of the role include:

On boarding and Off boarding of Investors

    Management of fund launches

    Fund transition pre-testing and management of transitions in for Investor AML.

    Analyse the investor profile, determine the risk level and collect the required set of documentation to meet applicable laws and regulations and in the respect of Northern Trust internal AML Policy procedures

    Transmit the relevant communications to Clients/Investors related to the above

Controls on AML activities

    Overnight screening management through Fircosoft

    Ongoing due diligence: Assess the content of the documents for completion and compliance to:

    Standard Registration requirements

    Pre-determined Anti-Money Laundering / Know your Client requirements

    Maintenance of PEP registers (PEPs identified through pre-screening and the overnight Fircosoft process).

    Transaction monitoring process

    Testing of AML Letter of Assurance / Letter of Comfort if applicable

    QA review of Complex Investor AML Operations' compliance with NT Investor AML processes and procedures.

Internal/External Audits

    Handle all funds and auditors queries related to AML: Management of internal-external audit/ global compliance testing/ regulator reviews

    Respond to all clients and / or associated internal departmental queries in a timely, accurate and professional manner in accordance with departmental procedures.

​Skills/ Qualifications:

The successful candidate will benefit from having:

    Sound knowledge of Transfer Agency duties ideally in a similar role and of financial markets

    Experience in a similar role of equivalent for at least 3 years

    Fluency in English (both written and spoken). French or German is a distinct advantage

    Good understanding of IT system flows and mastering MS Office

    Attention to detail and focus on quality (working with accuracy)

    Ability to work independently in an organized way and take up appropriate responsibility

    Analytical and technical thinking

    Team spirit with a dynamic and flexible approach

    Strong communication skills and presentation skills

    Please note that in order to be considered for this role, applicants must hold the necessary work permit for full time employment in Luxembourg.

    As Northern Trust is a financial organisation, all new employees will be required to undergo a criminal record check.