AML/KYC Risk Management and Outsourcing Manager

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. AML/KYC Risk Management and Outsourcing Manager Northern Trust is seeking an experienced and highly motivated governance professional to lead the day-to-day oversight of AML/KYC risk management and outsourcing governance activities within the First Line of Defence (1LOD) AML/KYC function. Reporting to the Global Head of AML/KYC Governance, this role will be responsible for ensuring effective governance, oversight, and risk management across the KYC Center of Excellence (CoE). The successful candidate will serve as a key partner to Business Unit leadership, Compliance, Risk Management, Internal Audit, and outsourcing partners, helping to strengthen Northern Trust’s AML/KYC risk framework and ensuring governance obligations are executed consistently across the global operating model.

Support the identification, assessment, monitoring, and reporting of AML/KYC risks across the Center of Excellence. Oversee the management of issues, control deficiencies, audit findings, and regulatory actions, ensuring timely remediation and sustainable resolution. Coordinate and support enterprise risk management activities, including Risk and Control Self-Assessments (RCSA), Enterprise-Wide Risk Assessments (EWRA), and other governance obligations. Contribute to the development and maintenance of governance reporting, risk metrics, key risk indicators, and management information to provide transparency on the AML/KYC control environment. Partner with key stakeholders to ensure emerging risks, control weaknesses, and operational challenges are identified, escalated, and managed appropriately. Support regulatory examinations, internal audits, compliance reviews, and external assessments impacting the AML/KYC function. Act as the primary governance lead for outsourced AML/KYC activities performed on behalf of Northern Trust. Oversee service performance monitoring, issue management, risk assessments, and periodic governance reviews for all AML/KYC outsourcing arrangements. Coordinate with Business Unit, Risk, Compliance and Outsourcing Governance teams to ensure effective execution of outsourcing obligations. Lead the preparation of outsourcing governance materials, management reporting, and senior management updates relating to outsourced AML/KYC activities. Ensure outsourcing risks are appropriately identified, documented, assessed, and escalated through established governance processes. Support the Global Head of AML/KYC Governance in the execution of the overall governance framework and strategic governance initiatives. Lead governance forums and working groups relating to AML/KYC risk management, control oversight, and outsourcing governance. Provide leadership and guidance to governance professionals supporting risk management and outsourcing oversight activities.

University degree and/or relevant professional experience. Financial services experience, with significant experience in AML/KYC, Operational Risk, Governance, Risk Management, or Financial Crime Compliance. Strong knowledge of regulatory expectations relating to AML/KYC, risk management, and outsourcing oversight. Demonstrated experience managing risk and control frameworks, issue management