About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Description

Under general supervision, primarily focused on anti-money laundering (AML), provides support and consultative advice for business unit activities, including reviews of Wealth Management prospects and clients,   researching and identifying issues, reporting, and other duties as assigned. Detects and advises management of potential AML Compliance issues and recommends procedural changes.

Knowledge/Skills

Knowledge of AML, Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) and Know Your Customer (KYC) regulatory requirements as they apply to U.S. Wealth Management clients. Particular emphasis on deposits, lending, and trust products and services is preferred to effectively perform client reviews.Analytical and communication skills are necessary to consult with and communicate information to partners; to analyze and summarize information; and to apply AML laws and regulations to the Company’s business.Ability to work independently and meet deadlines. 

Major Duties

Provides support to the Wealth Management business unit as it  relates to AML/KYC remediation initiatives.  Reviews client files for conformance with applicable AML/KYC policies, procedures and regulatory requirements. Provides support and functional knowledge as it relates to compliance with applicable AML/KYC laws, rules and standards. Identifies and escalates to Global AML management any regulatory compliance risks associated with the file reviews completed. Participates in all applicable training. Carries out business-related activities that may be required to support Global AML Compliance guidelines. Provides support as requested by Global AML Management as necessary to resolve compliance issues, including actions in response to Regulatory exam and Audit findings.

Experience/Qualifications

0-2 or year's experience, preferably in AML Compliance or risk management; or equivalent related experience.Knowledge of risk management and the Company’s strategic goals.In-depth knowledge of applicable AML/KYC laws and regulations, acquired through formal education and work experience, is required.CAMS or FIBA certification is a plus.Knowledge of Actimize CDD Tool is also a plus.

#LI-LK2, #LI-Hybrid

Salary Range:

$58,425 - 93,385 USD

Salary 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.

Working with Us: 

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater 

Reasonable accommodation

  

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

 
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.