Consultant, Transfer Agency (AML)

About the role

Northern Trust's Transfer Agency department provides third-party fund administration services to fund management companies, covering shareholder servicing such as dealing, registration, finance and investor services. The department is based across Luxembourg and India and is described as fast-paced, with many career growth opportunities. This consultant role sits within the Investor AML function.

Key responsibilities

• Review team members' analysis of investor documentation (account opening, maintenance or trigger events) and ensure it complies with Northern Trust's AML processes and procedures
• Act as escalation point for unresolved issues for the offshore AML team and escalate complex cases, potential escalations and critical issues to the line manager, helping to resolve them
• Work with colleagues and line management so that all queries are handled efficiently and professionally
• Maintain strong working relationships with partners in the Investor AML department in Ireland and India
• Keep up to date with Investor AML good practice and use this knowledge to propose improvements to AML processes and procedures
• Help decide whether cash can be released, review approval forms, ensure AML sign-offs are obtained and update files when required
• Help the team draft PEP and escalation forms addressed to management and Compliance, and prepare audit files and responses where appropriate

Required profile

• 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, written and spoken; French or German is a distinct advantage
• Ability to work independently in an organised way, with attention to detail and analytical, technical thinking
• Strong communication and presentation skills
• Necessary work permit for full-time employment in Luxembourg

Required skills

• Good understanding of IT system flows
• Proficiency with MS Office

Candidates must hold a work permit for full-time employment in Luxembourg. As a financial organisation, all new employees will undergo a criminal record check. Northern Trust encourages internal movement and offers a flexible, collaborative culture.