Sr Associate Consultant, Business Unit Control
Major 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 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
• 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 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 information
3. Requires Analytical skills required to identify exceptions to policies/procedures
4. Requires strong written communication skills required to document work completed and summarize findings
5. Requires strong organizational skills
Salary Range:
$67,500 - 111,500 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.
