Associate Consultant, FIU

Northern Trust; Manila; On-site; PHP 700,000 - 1,100,000; Full time

Job summary

Northern Trust in Manila is seeking an Associate Consultant to conduct initial AML investigations and support Global AML Compliance. The role involves monitoring transactions, guiding junior staff, and liaising with RMs and auditors to ensure compliance. The candidate should have 5-7 years of relevant experience and a college degree.

Join a global leader in wealth management and asset servicing, with a focus on regulatory compliance and operational excellence across a diverse client base.

Qualifications

• Excellent oral and written communication skills are required.
• Analytical and problem solving skills are required.
• Be able to work as part of a team with minimal supervision.

Responsibilities

• Supports the team manager in ensuring operational efficiency.
• Provides day-to-day support and guidance to more junior team members, supporting the Manager with respect to workflow distribution and ensuring the effective use of staff resources.
• Review client files for conformance with AML policies, procedures and regulatory requirements and works with front office teams to facilitate queries.
• Performs continuous monitoring of customers’ transactions including investigating Adverse Media and Politically Exposed Person alerts.
• Direct liaison with first line of defense (RMs) and auditors.

Skills

Excellent communication

Analytical thinking

Regulatory compliance

Team collaboration

Education

College or University degree

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Summary

Responsible for the initial investigation of potential unusual activity involving Northern Trust accounts/clients that have alerted in Northern Trust’s global automated transaction monitoring system. This role is specific to anti-money laundering (AML) investigations at the alert level (level one) as part of Northern Trust’s Global AML Compliance function. Uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires working knowledge and experience in own job discipline. Continues to build knowledge of the company, processes and clients. Performs a range of assignments related to job discipline. Uses prescribed guidelines or policies in analyzing situations. Receives a moderate level of guidance and direction. The Associate Consultant supports the Manager in ensuring operational efficiency. Carries out complex activities with regulatory compliance impact. Able to serve as a key subject matter expert and mentor to other more junior level employees. Manages daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role).

Major Duties

• Supports the team manager in ensuring operational efficiency
• Provides day-to-day support and guidance to more junior team members, support the Manager with respect to workflow distribution and ensuring the effective the use of staff resources
• Identify, document and disseminate new procedures and controls
• Carry out complex activities with regulatory compliance impact
• May have direct interaction with committees and/or Senior Management
• Able to serve as a key subject matter expert and mentor to other more junior level employees
• May manage daily operational activities and supervise day-to-day work of junior level employees (but not a formal management role)
• Technically sound in area of AML Compliance expertise and has broader knowledge of other areas
• Delivers a work product that requires less revision
• Reviews client files for conformance with applicable AML policies, procedures and regulatory requirements 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.
• Performs continuous monitoring of customers’ transaction including investigating Adverse Media and Politically Exposed Person alerts
• Participates in all applicable training.
• Provide input to process changes which would result in greater operational efficiency
• Direct liaison with both first line of defense (RMs) and auditors

Knowledge

• Excellent oral and written communication skills are required
• Functional / Industry Knowledge is required
• Analytical and problem solving skills are required
• Be able to work as part of a team with minimal supervision

Experience

• 5-7 years of relevant work experience
• College or University degree

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Manila Office

The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 - driving meaningful impact and sustainable growth. Learn more.