Sr. Analyst, AML Framework

Northern Trust; Philippines; On-site; PHP 700,000 - 950,000; Full time

Job summary

Northern Trust is seeking an experienced compliance professional to provide support related to AML laws and regulations. You will conduct testing, document findings, and analyze compliance to ensure adherence to policies.

Applicants should have at least 3 years of relevant experience and a Bachelor's degree in a relevant field. Strong analytical and communication skills are essential, with Excel knowledge preferred. The company is committed to reasonable accommodations for individuals with disabilities.

Qualifications

• Minimum of 3 years related experience in compliance or financial services.
• Strong analytical, verbal, and written communication skills are essential.
• ACAMS certification desired but not required.

Responsibilities

• Provide support and knowledge for compliance with AML laws.
• Conduct testing to assess compliance and document findings.
• Review laws and regulations for adequacy and compliance.

Skills

Regulatory compliance knowledge

Analytical skills

Interpersonal skills

Communication skills

Education

Bachelor's degree in Economics, Finance, or related

Tools

Excel

Job description

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
• 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.

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].