Compliance & AML Officer

About the role

Northern Trust has an established Saudi Compliance function, part of a wider EMEA Compliance framework, with partners based in the Riyadh office. The role reports to the Chief Compliance Officer & MLRO of Northern Trust Company of Saudi Arabia and works closely with the EMEA Compliance team, TNTCoSA senior management and regional/global compliance colleagues. It is based in Riyadh.

Key responsibilities

• Monitor and review partners' procedures and practices to ensure compliance with regulatory requirements and internal policies.
• Advise business partners on compliance programmes and applicable laws, regulations and standards, and keep them informed of changes.
• Respond to internal and external inquiries about regulatory requirements and recommend procedural changes where needed.
• Assist in developing Compliance programmes and act as a contact point for Compliance inquiries from partners.
• Identify and document compliance risks, research analytical reports and solutions, and take part in training partners on laws and regulations.
• Coordinate and perform designated Compliance initiatives, interact with committees and management, and monitor internal procedures and files so they are accessible to partners and management.
• Communicate with the regulator on reporting obligations and queries, and implement and monitor AML and CTF controls against local and international standards.
• Support periodic AML/CTF risk assessments, assist with investigations into suspicious activity, and carry out compliance monitoring and testing of internal controls.
• Monitor personal account dealing activities, support Rule Maps reviews, compliance risk assessments and periodic reporting to EMEA or senior management.

Required profile

• Previous experience in the Compliance field within capital market institutions.
• CME qualified, currently or previously a Compliance registered person with CMA.
• Experience in compliance monitoring, AML, audit, risk or control, or advisory support to business areas is an advantage.
• Ability to explain complex concepts clearly to diverse and senior audiences, make sound judgements and escalate appropriately, and meet strict reporting deadlines while balancing competing priorities.
• Influencing, conflict resolution, learning agility, self-starting and strong oral and written communication skills.