Sr. Analyst, AML Framework
Sr. Analyst, AML Framework
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
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 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.
Major Duties:
Provides support and functional knowledge as it relates to compliance with applicable AML laws rules and standards
Escalates to Global AML management any regulatory compliance risks identified during testing
Leads projects or initiatives to support the Global AML program
Performs ongoing monitoring and reporting of key Global AML functional activities
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
Reviews assigned laws/regulations and related policies/procedures in order to understand test scripts for execution of testing.
Conducts 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 testing results in clear concise language
Drafts reports to communicate testing results to stakeholders
Assists with validation testing of issues identified to ensure actions have been adequately closed
Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments
Works within standardized procedures and practices to achieve objectives and meet deadlines
Serves as a key subject matter expert to partners in the first and second lines of defense
Represents the department in various meetings within AML and other Risk functions
Delivers a work product that requires minimal revision from management
Solves problems in straightforward situations
Analyzes possible solutions using technical experience and judgment and precedents
Impacts quality of own work and the work of others on the team
Works within guidelines and policies
Knowledge:
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
Displays confidence and expertise to advise management and the business
Applies earned experience providing compliance advisory/consultancy and operational support
Requires proactivity and minimal supervision
Requires strong analytical verbal and written communication skills to analyze and summarize information
Requires strong interpersonal skills to develop relationships with partners in the first and second lines of defense
Requires analytical skills required to execute test scripts and 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
Requires attention to detail
ACAMS certification desired but not required
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
Experience:
Must possess at least a Bachelors/College Degree Economics Finance/Accountancy/Banking Business Studies/Administration/Management or equivalent
At least 3 years of related experience
Provides informal guidance to new team members
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 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 .
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.
Required Experience:
Senior IC
Employment Type
Full-Time
