Associate Consultant, BU Control

Associate Consultant, Business Unit Control

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.

Major Duties

Reviews client files for conformance with applicable AML policies, procedures and regulatory requirements for new Wealth Management 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 standards

Identifies and escalates to Global AML management any regulatory compliance risks associated with the file reviews completed

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

Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments

Summarizes and communicates testing results in clear, concise language.

Knowledge / Skills

Requires expanded conceptual knowledge in own job discipline.

Understands key business drivers; uses this understanding to accomplish own work.

Explains complex information to others in straightforward situations.

• Requires Financial Institution Regulatory and Compliance knowledge including but not limited to 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, to review policies and procedures in order to ensure their adequacy and to monitor compliance.

Requires strong analytical, interpersonal, verbal and written communication skills are required to analyze and summarize information

Requires Analytical skills required to identify exceptions to policies / procedures

Requires strong written communication skills required to document work completed and summarize findings

Requires organizational skills required to coordinate compliance

Applies general knowledge of business developed through education or past experience

Exchanges straightforward information, asks questions and checks for understanding

We have a balanced hybrid working model to ensure you get the flexibility you need. Successful candidate will work a traditional 5 day work week, and will spend their time working at least 3 days in the office per week, and any non-office days working from home.

Salary Range : $61,500 - 98,300 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.

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.

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.