AML/CIP/KYC Compliance Associate

ACCA Careers; Chicago (IL); On-site; USD 62,000 - 98,000; Full time

Job summary

Northern Trust is seeking an Associate Consultant in Business Unit Control to support Global AML Compliance. You will review client files for AML policy conformance, collaborate with front office teams, and help ensure regulatory alignment across new WM account openings.

The role requires knowledge of AML, CIP, EDD, KYC and Economic Sanctions, plus strong analytical, written and verbal communication, and solid organizational skills; a relevant finance or compliance background is expected and

Qualifications

• Requires Financial Institution Regulatory and Compliance knowledge including AML, CIP, EDD and Know Your Customer (KYC) regulatory requirements and Economic Sanctions laws and regulations, usually acquired through formal education or experience.
• Requires strong analytical, interpersonal, verbal and written communication skills are required to analyze and summarize information.
• Requires strong written communication skills required to document work completed and summarize findings.
• Requires strong organizational skills.

Responsibilities

• Reviews client files for conformance with 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.

Job description

Northern Trust is seeking an Associate Consultant in Business Unit Control to support Global AML Compliance. You will review client files for AML policy conformance, collaborate with front office teams, and help ensure regulatory alignment across new WM account openings.

The role requires knowledge of AML, CIP, EDD, KYC and Economic Sanctions, plus strong analytical, written and verbal communication, and solid organizational skills; a relevant finance or compliance background is expected and