Sr Director Enterprise AML Officer

Enterprise AML Officer

The Enterprise AML Officer leads the Anti-Money Laundering (AML) Team in Northwestern Mutual's Enterprise Compliance Department and is responsible for leading 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.

Coordinate and manage the enterprise AML policies, procedures, and controls to ensure compliance by NM and its operating subsidiaries with applicable AML laws and regulations, including but not limited to 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 the 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. Responsible for overseeing the monitoring of insurance and securities transaction activity, watch list screening, customer risk ranking, transaction monitoring threshold tuning, and data integrity testing to effectively identify suspicious activity and meet regulatory obligations. Implements corrective procedures and action plans to enhance controls. Ensure AML and sanctions-related reporting obligations are satisfied, including but not limited to suspicious activity reports (SAR), OFAC blocked property reports, and other required AML and sanctions-related regulatory reporting. Coordinate major cross-departmental projects that impact the organization and business processes to effectively implement project deliverables related to AML risk management. Responsible for ensuring the development and delivery of AML training content to manage AML risk and meet regulatory requirements for home office and field personnel. Oversee certain functions performed by NMIS' clearing firm. Consult with NM and operating subsidiary personnel and the company's field...