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 Transfer Agency department provides a third party fund administration service to numerous fund management companies covering the full range of shareholder servicing functions including dealing, registration, finance and investor services. Transfer Agency is a growing department based over Luxembourg and India. It’s a fast paced environment offering all partners excellent opportunities to grow their careers.
The key responsibilities of the role include:
Review the team members analysis of investor documentation (for account opening, maintenance, or trigger event) and ensure it is in adherence with Northern Trust’s AML processes and procedures
Escalation point for unresolved issues for the offshore AML team
Review the team members analysis of investor documentation (for account opening, maintenance, or trigger event) and ensure it is in adherence with Northern Trust’s AML processes and procedures.
Timely escalates more complex cases, potential escalation and critical issues, to the line manager, including those received from other Northern Trust partners, investors, etc, and help to solve them.
Works with colleagues and line management to ensure that all queries are dealt with efficiently and professionally.
Maintains strong working relationships with partners in Northern Trust Investor AML Department in Ireland an India.
Maintains an up to date knowledge of Investor AML good practice and uses this knowledge to promote enhancements to Northern Trust’s AML processes and procedures to his/her line manager.
Daily Cash monitoring: help to decide if cash can be released or not, review approval forms, ensure AML sign offs have been obtained and files updated (when required).
Help the team to draft PEP and escalation forms, addressed to management and Compliance.
Prepares audit files and responses where appropriate.
Skills/ Qualifications:
The successful candidate will benefit from having:
Sound knowledge of Transfer Agency duties ideally in a similar role and of financial markets
Experience in a similar role of senior AML analyst
Fluency in English (both written and spoken). French or German is a distinct advantage
Good understanding of IT system flows and mastering MS Office
Attention to detail and focus on quality (working with accuracy)
Ability to work independently in an organized way and take up appropriate responsibility
Analytical and technical thinking
Team spirit with a dynamic and flexible approach
Strong communication skills and presentation skills
Please note that in order to be considered for this role, applicants must hold the necessary work permit for full time employment in Luxembourg.
LUX: As Northern Trust is a financial organisation, all new employees will be required to undergo a criminal record check.
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.
Skills Required
- Experience in a similar role as a senior AML analyst
- Sound knowledge of Transfer Agency duties and financial markets
- Fluency in English (written and spoken)
- French or German language skills
- Good understanding of IT system flows
- Mastery of MS Office
- Attention to detail and accuracy
- Ability to work independently and take appropriate responsibility
- Analytical and technical thinking
- Team spirit with a dynamic and flexible approach
- Strong communication and presentation skills
- Hold necessary work permit for full-time employment in Luxembourg
- Willingness to undergo a criminal record check
Northern Trust Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Northern Trust and has not been reviewed or approved by Northern Trust.
-
Retirement Support — A 401(k) with company match alongside an employer‑funded defined‑benefit pension is highlighted in employer‑verified materials and filings, setting the retirement package apart from many private employers.
-
Leave & Time Off Breadth — PTO is portrayed as solid overall, and two paid volunteer days per year are clearly documented across corporate materials.
-
Parental & Family Support — Company sources and postings reference paid parental and caregiver leave and recent enhancements to parental benefits, indicating meaningful family support within the package.
Northern Trust Insights
What We Do
As a global leader in innovative wealth management, asset servicing and investment solutions, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and integrity. A globally recognized Fortune 500 Company in continuous operation since 1889, we’ve built a legacy of empowering clients to reach their goals with confidence. Since our roots as a trust bank, we’ve grown to a global presence with more than 24,000 employees in more than 20 countries and across six core business units: Wealth Management Asset Management Asset Servicing Technology Corporate Functions Enterprise Operations Join a Team That’s Achieving Greater At Northern Trust, we refer to our employees as partners – with good reason. We understand that relationships are the key to our success. Here you’ll join a diverse and inclusive team of innovators with the drive to challenge the way things have always been done. Instead of choosing between a dynamic career and work-life balance, enjoy working with a team that supports your goals in the office and at home. We’ll help you get where you want to go without sacrificing what matters most to you. Delivering value and adhering to our enduring principles What are enduring principles? Since our founding, they have guided our strategy and success. Thanks to the dedication of our partners, Northern Trust continues to thrive by adhering to three enduring principles: service, expertise and integrity . What does this mean? Service Northern Trust has a relentless drive to provide exceptional service to our clients, our partners and our communities. We set new standards and go above and beyond in our commitment to delivering greater results. Expertise Expertise is at the core of who we are. We focus sharply on what we do well. From expanding our capabilities, to hiring talented professionals to developing innovative solutions, our expertise is why we continue to be a trusted advisor for generations of families and institutions. Integrity Operating with uncompromising ethics is central to Northern Trust’s heritage. As a result, our clients, partners and communities know they can rely on us. For more than 130 years, our integrity has been our guide – and that will never change.
Why Work With Us
At Northern Trust, we go further because we go together. We embrace flexibility, encourage balance, and prioritize inclusion at all levels, working together to keep you connected. We are committed to our employees—all 24,000 of them. Whether this is a first step or a bold new leap in your career, we’re here to help you move forward.
Gallery
