AML CIP/KYC Associate

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

Benefits offered by this job

Comprehensive benefits package

Retirement benefits (401k and pension)

Health and welfare benefits (medical, dental, vision)

Discretionary bonus program

Job summary

Northern Trust is hiring an Associate Consultant for Business Unit Control in Chicago. This role involves reviewing client files for compliance with AML policies and providing necessary support related to AML laws. Candidates should have regulatory knowledge and strong analytical and communication skills.

The estimated salary range is $61,500 - $98,300 annually, and the company offers a comprehensive benefits package, including retirement and health benefits.

Qualifications

• Experience with AML, Customer Identification Program (CIP), Enhanced Due Diligence (EDD), and KYC regulations.
• Strong analytical and communication skills essential for compliance roles.
• Ability to document work and summarize findings effectively.

Responsibilities

• Review client files for compliance with AML policies.
• Provide support related to compliance with AML laws and regulations.
• Identify compliance risks and escalate them as needed.
• Support business-related activities in line with Global AML Compliance guidelines.
• Assist in resolving compliance issues as requested.

Skills

Financial institution regulatory and compliance knowledge

Analytical skills

Interpersonal skills

Verbal communication skills

Written communication skills

Organizational skills

Job description

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 judgments.

Skills / 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 to analyze and summarize information.
3. Requires strong written communication skills to document work completed and summarize findings.
4. Requires strong organizational skills.

Salary 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).

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.