Associate Consultant, FIU

126 Northern Operating Srvs Asia; Manila; On-site; PHP 500,000 - 700,000; Full time

Job summary

Northern Trust in Manila is seeking an Associate Consultant for AML investigations within its Global AML Compliance function. The role focuses on initial investigation of unusual activity alerts, applying AML expertise, and guiding junior staff in a tightly regulated environment.

The position requires 5–7 years of experience, a college degree, strong communication, and the ability to work in a team with minimal supervision.

Qualifications

• 5-7 years of relevant work experience.
• College or University degree required.
• Excellent oral and written communication skills.
• Functional / Industry Knowledge required.
• Analytical and problem solving skills expected.
• Able to work as part of a team with minimal supervision.

Responsibilities

• Supports the team manager in ensuring operational efficiency.
• Provides day-to-day guidance to junior team members and distributes workflow.
• Identify, document and disseminate new AML procedures and controls.
• Carry out complex activities with regulatory compliance impact.
• May interact with committees and senior management.
• Mentor to junior staff and provide subject-matter guidance.
• Review client files for conformance with AML policies and regulatory requirements.
• Support and provide knowledge as it relates to AML laws and standards.
• Escalate regulatory compliance risks to Global AML management.
• Perform continuous monitoring of customers’ transactions and investigate Adverse Media and PEP alerts.
• Participate in all applicable training.
• Contribute to process changes for greater efficiency.
• Liaise with front office and auditors as needed.

Skills

AML knowledge

Analytical skills

Communication skills

Teamwork

Regulatory understanding

Education

Bachelor's 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. 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.

Looking for greater? You found it.

A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Candidate Privacy Notice

California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S)