Northwestern Mutual
Sr Director, Enterprise AML Officer
Northwestern Mutual, Milwaukee, Wisconsin, United States, 53244
Overview
The Enterprise AML Officer leads the Anti-Money Laundering (AML) Team in Northwestern Mutual’s Enterprise Compliance Department and is responsible for the development, implementation, and maintenance of the company’s AML and sanctions compliance programs. The role currently serves as the AML Officer for The Northwestern Mutual Life Insurance Company (NM) and its operating subsidiaries Northwestern Mutual Investment Services, LLC (NMIS), Northwestern Mutual Wealth Management Company (WMC), and Northwestern Mutual Series Fund, Inc. (NMSF). The AML Officer ensures the adequacy and effectiveness of compliance policies, procedures, monitoring, and controls established to comply with AML and sanctions obligations. Note: The original posting included multiple repeated sections. This refined version consolidates the essential information into a single, coherent description. What You’ll Do
Coordinate and manage the enterprise AML policies, procedures, and controls to ensure NM and its operating subsidiaries comply with applicable AML laws and regulations, including the Bank Secrecy Act, customer identification program (CIP), customer due diligence (CDD), OFAC sanctions and anti-terrorism funding, and other applicable laws and regulations. Monitor applicable laws and regulatory trends to ensure the ongoing sufficiency of the AML and sanctions compliance programs. Review and assess compliance testing, audit and examination findings and oversee the implementation of changes, enhancements, or best practices to address them. Evaluate enterprise-wide AML risk and advise on proper allocation of AML resources. Oversee the investigation and resolution of AML matters. Facilitate coordination of AML business and risk partners across the enterprise to ensure consistency and cooperation in assessing and addressing AML risk. Oversee monitoring of insurance and securities transaction activity, watch list screening, customer risk ranking, transaction monitoring threshold tuning, and data integrity testing to identify suspicious activity and meet regulatory obligations. Implement corrective procedures and action plans to enhance controls. Ensure AML and sanctions-related reporting obligations are satisfied, including SARs, OFAC reports, and other required regulatory reporting. Coordinate cross-departmental projects impacting AML risk management and deliverables. Develop and deliver AML training content to manage AML risk and meet regulatory requirements for home office and field personnel. Oversee functions performed by NMIS’ clearing firm as applicable. Consult with NM and operating subsidiary personnel and field representatives regarding AML topics, training, updates, and alerts. Review, assess, and report on the AML and sanctions compliance programs of external asset managers hired by NM and affiliates. Respond to regulatory exam requests regarding the AML program, including interviews with examiners. Prepare written annual compliance reports to governance bodies regarding the operation and health of the AML and sanctions programs. Chair the Enterprise AML Committee and the AML Executive Committee; participate in divisional, departmental, and enterprise-wide projects as needed. As a team leader, this position is responsible for managing a team to achieve company and department goals, supporting team development, and executing team responsibilities. Key duties include setting objectives, providing feedback, fostering collaboration, coordinating tasks, prioritizing, allocating resources, monitoring performance, addressing conflicts, and implementing continuous improvement strategies to build a high-performing team. Qualifications
Bachelor’s Degree Knowledge of the Bank Secrecy Act, USA Patriot Act, and related rules and regulations of FinCEN, the SEC and FINRA, federal banking regulators, and state insurance regulators, as applicable FINRA Series 7 and 9/10 or 24 Minimum of 10 years of progressively responsible work experience in securities operations and/or compliance In-depth understanding of AML regulations and statutes relating to risk and investment products, investment management and trust services Knowledge of insurance, securities, and advisory products, services and operations Demonstrated strong leadership, decision-making and written and verbal communication skills Demonstrated ability to design and implement systems to monitor transactions and trends to identify AML and sanctions risks Demonstrated ability to use data analytics to make risk-aware decisions Ability to effectively communicate requirements to, negotiate with, and influence others across departmental lines within the organization Certified Anti-Money Laundering Specialist (CAMS) designation required or obtained within 6 months of hire Skills
Project Management – Advanced Accountability – Advanced Attention to detail – Expert Cross-Functional Partnering & Planning – Expert Policy & Procedure – Expert Risk Assessment & Identification – Expert Business Influence – Advanced Continuous Improvement – Expert Decision Making – Expert Compensation and other details: The posting notes that the role is registered under NMIS guidelines and may require fingerprinting. Pay ranges and geographic considerations are provided where applicable. Compensation and Benefits
Pay Range - Start: $112,210.00 Pay Range - End: $208,390.00 Geographic Specific Pay Structure may apply in certain locations (California, New York City, etc.) Flexible work schedules, comprehensive benefits, and employee resource groups Equal Opportunity
Northwestern Mutual is an equal opportunity employer
and is committed to diversity in the workforce. We provide an environment that supports career growth and belonging. Location note: Milwaukee, WI and surrounding areas are listed for reference. Additional
FIND YOUR FUTURE – We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks and our culture of belonging.
#J-18808-Ljbffr
The Enterprise AML Officer leads the Anti-Money Laundering (AML) Team in Northwestern Mutual’s Enterprise Compliance Department and is responsible for the development, implementation, and maintenance of the company’s AML and sanctions compliance programs. The role currently serves as the AML Officer for The Northwestern Mutual Life Insurance Company (NM) and its operating subsidiaries Northwestern Mutual Investment Services, LLC (NMIS), Northwestern Mutual Wealth Management Company (WMC), and Northwestern Mutual Series Fund, Inc. (NMSF). The AML Officer ensures the adequacy and effectiveness of compliance policies, procedures, monitoring, and controls established to comply with AML and sanctions obligations. Note: The original posting included multiple repeated sections. This refined version consolidates the essential information into a single, coherent description. What You’ll Do
Coordinate and manage the enterprise AML policies, procedures, and controls to ensure NM and its operating subsidiaries comply with applicable AML laws and regulations, including the Bank Secrecy Act, customer identification program (CIP), customer due diligence (CDD), OFAC sanctions and anti-terrorism funding, and other applicable laws and regulations. Monitor applicable laws and regulatory trends to ensure the ongoing sufficiency of the AML and sanctions compliance programs. Review and assess compliance testing, audit and examination findings and oversee the implementation of changes, enhancements, or best practices to address them. Evaluate enterprise-wide AML risk and advise on proper allocation of AML resources. Oversee the investigation and resolution of AML matters. Facilitate coordination of AML business and risk partners across the enterprise to ensure consistency and cooperation in assessing and addressing AML risk. Oversee monitoring of insurance and securities transaction activity, watch list screening, customer risk ranking, transaction monitoring threshold tuning, and data integrity testing to identify suspicious activity and meet regulatory obligations. Implement corrective procedures and action plans to enhance controls. Ensure AML and sanctions-related reporting obligations are satisfied, including SARs, OFAC reports, and other required regulatory reporting. Coordinate cross-departmental projects impacting AML risk management and deliverables. Develop and deliver AML training content to manage AML risk and meet regulatory requirements for home office and field personnel. Oversee functions performed by NMIS’ clearing firm as applicable. Consult with NM and operating subsidiary personnel and field representatives regarding AML topics, training, updates, and alerts. Review, assess, and report on the AML and sanctions compliance programs of external asset managers hired by NM and affiliates. Respond to regulatory exam requests regarding the AML program, including interviews with examiners. Prepare written annual compliance reports to governance bodies regarding the operation and health of the AML and sanctions programs. Chair the Enterprise AML Committee and the AML Executive Committee; participate in divisional, departmental, and enterprise-wide projects as needed. As a team leader, this position is responsible for managing a team to achieve company and department goals, supporting team development, and executing team responsibilities. Key duties include setting objectives, providing feedback, fostering collaboration, coordinating tasks, prioritizing, allocating resources, monitoring performance, addressing conflicts, and implementing continuous improvement strategies to build a high-performing team. Qualifications
Bachelor’s Degree Knowledge of the Bank Secrecy Act, USA Patriot Act, and related rules and regulations of FinCEN, the SEC and FINRA, federal banking regulators, and state insurance regulators, as applicable FINRA Series 7 and 9/10 or 24 Minimum of 10 years of progressively responsible work experience in securities operations and/or compliance In-depth understanding of AML regulations and statutes relating to risk and investment products, investment management and trust services Knowledge of insurance, securities, and advisory products, services and operations Demonstrated strong leadership, decision-making and written and verbal communication skills Demonstrated ability to design and implement systems to monitor transactions and trends to identify AML and sanctions risks Demonstrated ability to use data analytics to make risk-aware decisions Ability to effectively communicate requirements to, negotiate with, and influence others across departmental lines within the organization Certified Anti-Money Laundering Specialist (CAMS) designation required or obtained within 6 months of hire Skills
Project Management – Advanced Accountability – Advanced Attention to detail – Expert Cross-Functional Partnering & Planning – Expert Policy & Procedure – Expert Risk Assessment & Identification – Expert Business Influence – Advanced Continuous Improvement – Expert Decision Making – Expert Compensation and other details: The posting notes that the role is registered under NMIS guidelines and may require fingerprinting. Pay ranges and geographic considerations are provided where applicable. Compensation and Benefits
Pay Range - Start: $112,210.00 Pay Range - End: $208,390.00 Geographic Specific Pay Structure may apply in certain locations (California, New York City, etc.) Flexible work schedules, comprehensive benefits, and employee resource groups Equal Opportunity
Northwestern Mutual is an equal opportunity employer
and is committed to diversity in the workforce. We provide an environment that supports career growth and belonging. Location note: Milwaukee, WI and surrounding areas are listed for reference. Additional
FIND YOUR FUTURE – We’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks and our culture of belonging.
#J-18808-Ljbffr