Consultant, Transfer Agency (AML)

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.

Role/ Department:

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.   

The key responsibilities of the role include:

• Review the team members analysis of investor documentation (for account opening, maintenance, or trigger event) and ensure it is in adherence with Northern Trust’s AML processes and procedures

• Escalation point for unresolved issues for the offshore AML team

• Review the team members analysis of investor documentation (for account opening, maintenance, or trigger event) and ensure it is in adherence with Northern Trust’s AML processes and procedures.

• Timely escalates more complex cases, potential escalation and critical issues, to the line manager, including those received from other Northern Trust partners, investors, etc, and help to solve them.

• Works with colleagues and line management to ensure that all queries are dealt with efficiently and professionally.

• Maintains strong working relationships with partners in Northern Trust Investor AML Department in Ireland an India.

• Maintains an up to date knowledge of Investor AML good practice and uses this knowledge to promote enhancements to Northern Trust’s AML processes and procedures to his/her line manager.

• Daily Cash monitoring: help to decide if cash can be released or not, review approval forms, ensure AML sign offs have been obtained and files updated (when required).

• Help the team to draft PEP and escalation forms, addressed to management and Compliance.

• Prepares audit files and responses where appropriate.

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 senior AML analyst

• 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.

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

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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Luxembourg Office

In 2024, the Northern Trust Luxembourg office celebrated their 20th anniversary, an important chapter in their history. Having opened in 2004 to support one client, they have since grown their client base substantially and increased their headcount significantly, which now stands at over 400.

From modern fully equipped meeting rooms to a vast canteen with a view over a vegetable garden, maintained by our team all year round, and a rooftop where beehives have been installed, this space is truly a source of pride for our team. Learn more.