AML CIP/KYC Sr. Associate

About Northern TrustAs 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.Sr Associate Consultant, Business Unit ControlMajor Duties:Reviews client files for conformance with applicable AML policies, procedures and regulatory requirements for new WM account openings and works with front office teams to facilitate queries.Provides support and functional knowledge as it relates to compliance with applicable AML laws, rules and standardsIdentifies and escalates to Global AML management any regulatory compliance risks associated with the file reviews completedCarries out business-related activities that may be required to support Global AML Compliance guidelinesProvides support as requested by Global AML Management as necessary to resolve compliance issues, including actions in response to Regulatory exam and Audit findingsUses existing procedures to solve standard problems; analyzes information and standard practices to make judgmentsConducts and adequately documents testing to assess compliance with and adherence to regulations and policies/procedures.Applies analytical skills to review information and determine potential control weaknesses or exceptions to policies/processes.Summarizes and communicates testing results in clear, concise language.Required Skills:1. Requires Financial Institution Regulatory and Compliance knowledge including AML, Customer Identification Program (CIP), Enhanced Due Diligence (EDD) and Know Your Customer (KYC) regulatory requirements and Economic Sanctions laws and regulations, usually acquired through formal education or experience.2. Requires strong analytical, interpersonal, verbal and written communication skills are required to analyze and summarize information3. Requires Analytical skills required to identify exceptions to policies/procedures4. Requires strong written communication skills required to document work completed and summarize findings5. Requires strong organizational skillsSalary Range:$67,500 - 111,500 USDSalary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).Working with UsAs 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 AccommodationNorthern 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 View email address on click.appcast.io, or alternatively you can discuss your individual requirements with the recruiter you are working with. #J-18808-Ljbffr Northern Trust Corp.