Skip to main content

This job has expired

You will need to login before you can apply for a job.


Northern Trust
Bangalore, India
Closing date
Jul 22, 2024

View more

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.

Job Summary:

The Consultant will support the Sanction Screening Operation team within the Payment Operation department. The Consultant carries out operational activities, drive and support various business strategic projects and create, analyze, and execute various reporting activities involving data mining from multiple sources and report design. The role is balanced between operational execution and development, and implementation of strategic direction of business function activities. The Consultant plays a key role ensuring service quality and is seen as a key advisor on significant business decisions. He / She will have to work with the Team leader and Section/Operational manager in identifying, mitigating, and foreseeing potential risks to the business operations.

Major Duties:
  • Responsible for maintaining the team's Key Performance Indicators (KPIs) as per the agreed Service Description (SD).
  • Ensure compliance with all controls and procedures outlined in the procedure's manual and general company policies.
  • Ensure all scheduled work is completed by agreed deadlines, checklists are signed and archived.
  • Identify and implement process improvements to reduce risk and develop efficiency of function.
  • Ensure full and proper reporting and escalation of any operational issues.
  • Escalate and communicate any service delivery issues, as identified.
  • Consult with On-shore partners to address various issues.
  • Analyze, Review, Investigate and Resolve exceptions of incoming and outgoing swift messages/wires in Sanctions screening. Ensure It is in line with the compliance guidelines.
  • Create rules and exceptions to enable swift messages/wires to stop or pass sanction check validation.
  • Conduct analyses on high hitters and provide good guy recommendations for actions that will have the maximum impact in reducing false positive alerts or increasing high STP rate.
  • Collaborate closely with system support team, On-shore teams, screening operational and management teams to identify the most impactful metrics, calculate those metrics and related thresholds, and design visualizations/dashboard for sharing with larger audiences.
  • Lead Change management initiatives across sanction screening operation teams
  • Stay up to date on the development on various sanction lists (Bad guys) and how changes impact the screening hit ratio by performing impact analysis.
  • Provide expertise and insight on how to best use various sanction screening data in dashboards and other analysis.
  • Identify data patterns and trends and provide insights to enhance staffing decision making capabilities.
  • Continuously improve processes and strategies by exploring and evaluating new data sources, tools, and capabilities
  • Drive a standardized, consistent method for reporting for all the teams within sanctions screening.
  • Perform system user acceptance testing on back of system enhancement or upgrade, track test results and report any defects to system support team and follow-up for resolution.
  • Ability to think strategically, implement, and deliver business objectives.
  • Outstanding problem-solving skills
  • Strong analytical skills with high attention to detail and accuracy.
  • Strong knowledge of financial / capital markets, SWIFT Network, and MT/MX messages. Need to understand OFAC, Embargo and sanction screening.
  • Evidence of strong operations knowledge including secondary review and controls, risks, and mitigation.
  • Proven ability to navigate through ambiguity and maintain momentum driving for results and clarity in uncertain situations.
  • Ability to lead projects/initiatives with high risk and complexity.
  • Strong organizational, multi-tasking, and prioritizing skills
  • Excellent desktop, IT, and systems skills, advanced microsoft office (especially MS Excel, Power Point and Power BI) is essential.
  • Knowledge of related systems: Fircosoft - Sanction screening application (preferred)
  • Excellent verbal, written and interpersonal skills, as this role requires interaction at all levels of the organization and externally.
  • Skills in SQL and/or Tableau , Alteryx, Xceptor are a plus.
  • Individual with ACAMS certification would be an added advantage.
Experience and Qualification
  • Minimum 6 + years of work experience including cash, sanction screening or related domains, prior quality control review, analytics and reporting experience would be an added advantage.
  • Bachelor's degree in accounting or finance
  • Working Knowledge of advance excel macros, Power BI Desktops creating tables, metrics, dashboard, graphs and KPIs.
  • The role holder will be required to operate flexible working hours to cover early starts and/ or late finishes as demanded by the business and ready to work in night shifts.
•24 months as a Technical Coordinator/Associate Consultant to move as a Team Leader/ Consultant.
•Movement within TL and Consultant is 12 months

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.

Sign in to create job alerts

Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.

Create alert