Sr. Analyst, AML Framework

ACCA Careers; Metro Manila; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

Northern Trust in Manila is seeking an AML Compliance Analyst to support regulatory testing and risk management. You will review AML programs, perform testing, and draft clear reports for stakeholders, while escalating issues to Global AML management as needed. A 3-year background in financial compliance and a Bachelor's degree are required.

Strong analytical, written and verbal communication, and ability to work with first and second lines of defense are essential. Excel skills are preferred.

Qualifications

• Regulatory AML knowledge (AML, CIP, EDD, KYC and sanctions).
• Ability to advise management and the business.
• Experience in compliance advisory and operational support.
• Proactive with minimal supervision.
• Strong analytical, verbal and written communication skills.
• Strong interpersonal skills for collaboration with defense lines.
• Experience executing test scripts and identifying exceptions.
• Ability to document work and summarize findings.
• Organizational skills to coordinate compliance.
• Attention to detail.

Responsibilities

• Provides support and functional knowledge to AML compliance.
• Escalates regulatory risks to Global AML management.
• Leads projects to support the Global AML program.
• Performs ongoing monitoring and reporting of Global AML activities.
• Drafts reports to communicate testing results to stakeholders.
• Represents the department in AML and risk meetings.
• Delivers work with minimal revision from management.

Skills

Analytical skills

Written communication

Verbal communication

Interpersonal skills

Regulatory knowledge

Education

Bachelor's degree in Economics/Finance/Accountancy/Banking/Business Studies/Administration/Management or equivalent

Tools

Excel

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, 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 world’s 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 22,000 partners, we serve the world’s 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 Bachelor's/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
• Knowledge of Excel is desired.

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.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us.

We hope you’re 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.

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 [e-mail].

We hope you’re 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.

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.