Administrator, Compliance

About Northern Trust:

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

Northern Trust is proud to provide innovative financial services and guidance to the worlds 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 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Job Responsibility:

1. Reviews and analyze escalated OFAC/Sanction alerts related to various types of transactions i.e. Domestic and International Wire payments Swift payments IAT and Securities that alert from the sanction screening system. Investigate and make accurate decisions on appropriate actions to take to determine if they are permissible under Office of Foreign Asset Control (OFAC) and/or any other applicable jurisdictional Sanctions program.

2. Perform Quality Control Reviews on areas that perform sanction screening reviews to assure compliance with applicable regulatory requirements and adherence to internal policies/procedures.

3. Advises business partners on the Sanctions Compliance Program and applicable laws regulations rules and standards including keeping them informed of developments or changes that may affect their area.

4. Identifies any Compliance Sanction Risks associated with the Companys activities.

5. Carries out Compliancerelated activities through direct interaction with management and Risk Huddles.

6. Collaborates on projects with Team members exhibiting ongoing learning and basic project management skills.

7. Collaborate with team members and internal partners as needed related to OFAC which may include: creating IntelliTrac case corresponding with banks or partners for additional details relaying of the details to the partners or banks returning of payment etc.

8. Work on Special projects as assigned.

9. Participate and complete required training ie. Departmental new hire industry and corporate.

10. Responsible for following established guidelines and identifying researching and resolving or escalating issues as appropriate. Expected to take initiative to resolve basic/routine issues independently but refers more complex problems to supervisors/experts.

11. Prepares management and staff level reports related to various Compliance requirements.

12. Perform tasks as assigned by management.

Knowledge and experience:

• Knowledge of applicable U.S. Sanctions laws and regulations usually acquired through formal education or experience is preferred.
• At least 25 years of related work experience; prior work in an OFAC Sanctions role strongly preferred but not required.
• Experience working with Fircosoft or Sanctions filtering application is a plus.
• Knowledge and/or previous experience with wire transactions including understanding SWIFT payments are a plus.
• Organizational skills required to coordinate compliance activities and training.
• Strong analytical and problemsolving skills are required.
• Excellent oral and written communication skills are required.
• Indepth functional / industry knowledge is required
• Strong technical skills and knowledge of transaction processing systems is preferred.
• Ability to proactively and independently research gather evidence for compliance documents.

Hours:

The hours for this position are 8:30 a.m. to 5:00 p.m. CST

Salary Range:

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 wellbeing 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.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply 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 .

We hope youre 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.