AML CIP/KYC Associate

Northern Trust Corp; Chicago (IL); Hybrid; USD 61,500 - 98,300; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Discretionary bonus program

Job summary

Northern Trust Corp is seeking an AML CIP/KYC Associate in Chicago, IL. This role involves reviewing client files for AML compliance and providing support for regulatory adherence.

The ideal candidate should have comprehensive knowledge of Financial Institution Regulatory and Compliance, particularly AML and KYC requirements. Strong communication and organizational skills are essential. The position is hybrid and offers a robust benefits package.

Qualifications

• Requires Financial Institution Regulatory and Compliance knowledge including AML, CIP, EDD, KYC, and Economic Sanctions.
• Strong analytical, verbal, and written communication skills are necessary.
• Strong written communication skills for documentation and summarizing findings.
• Strong organizational skills essential for managing tasks.

Responsibilities

• Reviews client files for AML compliance.
• Identifies and escalates compliance risks to Global AML management.
• Provides compliance support to resolve issues.
• Uses procedures to solve standard problems.

Skills

Financial Institution Regulatory and Compliance knowledge

Strong analytical skills

Verbal and written communication skills

Organizational skills

Education

Formal education or experience in AML and KYC

Job description

## AML CIP/KYC AssociateApplyremote type: Hybridlocations: Chicago, ILtime type: Full timeposted on: Posted Todayjob requisition id: R156535**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. **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 judgmentsSkills/Knowledge Required: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 information3. Requires strong written communication skills required to document work completed and summarize findings4. Requires strong organizational skillsSalary Range:$61,500 - 98,300 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.* **Work Authorization** Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).