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Hong Kong and Greater China Financial Crime Compliance

Northern Trust
Hong Kong, Hong Kong
Closing date
Jul 14, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

What you will do

Financial Crime Compliance forms part of Global Compliance and Corporate Risk function and is entrusted with ensuring identification, risk assessment and monitoring of all our regulatory obligations in the locations we operate. In this newly created role, the Hong Kong Financial Crime Compliance Partner will work closely with Hong Kong and China business partners and compliance to ensure adherence to applicable anti-money laundering, sanctions, politically exposed persons and anti-bribery and corruption requirements and assist the Hong Kong MLRO with the day-to-day management and oversight of Anti-Money Laundering and Counter Terrorist Financing for The Northern Trust Company of Hong Kong.

This role will report to the Hong Kong MLRO will work closely with other Northern Trust MRLOs, shared services teams in EMEA, North America and Manila, and the China and Hong Kong Compliance function.

As part of the Asia Pacific compliance team, this role is in the second line of defence and will assist in the implementation of the Northern Trust Compliance model. The Compliance function is responsible for ongoing oversight and reporting regarding regulatory obligations to senior compliance and business management.


Hong Kong Financial Crime
  • Maintain Hong Kong related procedures for countering financial crime, including money laundering, sanctions, politically exposed persons and anti-bribery and corruption
  • Provide AML advisory to business partners in various business lines, including but not limited to Asset Servicing, Asset Management and Wealth Management
  • Monitor, undertake impact assessment and implement financial crime regulatory changes in Hong Kong
  • Partner with management and business partners to implement financial crime compliance programs, including training on such programs
  • Embed the Northern Trust framework for identifying and documenting all local financial crime compliance obligations through rules mapping, risk assessments, monitoring, and regulatory change management processes
  • Conduct gap assessment between existing and new local regulatory compliance obligations and global / regional policies and procedures and develop additional controls as required to comply with local obligations
  • Assist MLRO to conduct Financial Crime Compliance Enterprise Wide Risk assessments compliance risk assessments annually or as otherwise required for HK
  • Review on suspicious transaction monitoring conducted by a centralized team
  • Develop and conduct other financial crime compliance monitoring activities for the HK business
  • Provide training on new and existing developments related to coverage area
  • Assist MLRO in preparing AML reporting, including for internal committees and boards
  • Identify areas for control enhancement in either the first or second line of defense. Define and implementing additional Financial Crime Compliance controls to minimise TNTC's risk profile
  • Ensure adherence to global requirements
  • Work in partnership with the wider Compliance, Financial Crime Compliance, Risk and Controls teams
  • Support AML/KYC matters in relation to the onboarding/periodic review of Japan and Singapore incorporated clients which are contracted to TNTCHK or serviced by Hong Kong.
China Financial Crime Compliance
  • In consultation with the China and Hong Kong MLRO, provide advice on local financial crime compliance laws and regulations
  • Drive business acceptance of financial crime risks
  • Assist HK MLRO to oversee
  • China branch's AML activities by reviewing and providing input into policies, the Enterprise Wide Risk Assessment, financial crime rules mapping, gap assessments etc.
  • Assist the China MLRO to provide training to China partners.
Your Knowledge/Skills
  • Proven experience in a similar role
  • Good knowledge of local anti-money laundering and other anti-financial crime laws related regulations (e.g., SFC, PBOC, CBIRC) and relevant laws
  • Knowledge of custody, asset servicing, fund administration, securities Lending, asset Management and wealth management businesses would be preferred
  • Fluent in English and ability to communicate in a clear, concise and effective manner (verbal and written)
  • Preference for native or professional proficiency in Mandarin.
  • Experience in implementing anti-money laundering and other financial crime compliance laws and regulations
  • ACAMS or other relevant certification preferred
  • Ability to collaborate and maintain positive partnerships with business partners while at the same time remaining objective, with an ability to make an independent assessment of the risk environment and business challenges, and work toward practical risk mitigation actions
  • ACAMS certification preferred
  • Experience providing compliance advisory and operational support for Hong Kong and China
  • Strong organisational skills, a collaborative approach to work, with strong interpersonal skills
  • Ability to use initiative and work unsupervised in a proactive manner
Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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