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 team:

The compliance team of Northern Trust Global Services SE is in charge of:

• Identifying, mapping and assessing the impacts of new regulations on financial services;

• Building and conducting a monitoring plan on an annual basis;

• Provide advisory to the business on regulatory topics;

• Coordinating and following-up on correspondence with competent authorities in Luxembourg and across branches;

• Reporting to governance forums and competent authorities on compliance topics.

Northern Trust Global Services SE is a credit institution supervised by the Commission de Surveillance du Secteur Financier in Luxembourg. It provides custody, depositary fund administration and capital markets services. NTGS SE is also preparing an extension of its scope of services to banking during 2026.

Reporting to NTGS SE’s Money Laundering Reporting Officer, the role will primarily focus on Anti -Money Laundering (AML) and Countering the Financing of Terrorism (AML/CTF) and International Financial Sanctions.

Key responsibilities of the role:

• Deliver advisory support to NTGS SE business (in particular for Transfer Agency), in regard to the EU and Luxembourg regulation on AML/CTF and International Financial Sanctions, providing challenge to the business and escalation to the NTGS SE MLRO as necessary.

• Undertaking Compliance monitoring reviews and follow-up on any identified compliance issue until completion.

• Review and approval of PEP and high-risk clients.

• Coverage of AML/CTF regulation becoming applicable (e.g. Wire Transfer Regulations) and sustaining the implementation of regulations (such as CSSF Circulars on EU and National Restrictive measures).

• Produce and provide Compliance AML/CTF reporting including input to the annual Compliance report.

• Contribute to the review cycle of the compliance policies and AML training content.

• Contribute to the annual AML/CTF and Economic Sanctions risk assessments and map of rules.

• Supporting the MLRO with other Compliance tasks, as arise.

Skills/Qualifications:

The successful candidate will benefit from having:

• Proven experience in Compliance or AML/CTF in the banking or asset servicing industry in Luxembourg.

• Understanding of the regulatory requirements for AML/CTF and International Financial Sanctions within the EU and Luxembourg.

• Understanding of Custody, Depositary, Transfer Agency and Banking.

• Self-motivated with the ability to operate independently or work as part of a team;

• Effective time management.

• Very good written skills with an ability to prepare succinct risk reporting;

• Well-developed verbal communication skills with an ability to effectively present and contribute in business meetings.

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 [email protected], 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.