AML/KYC Compliance Associate: CIP, EDD & Regs

ntrs; 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 AML compliance for new WM account openings. You will review client files, ensure regulatory conformance, and escalate risks to Global AML Management while applying standard procedures to resolve issues.

Strong analytical and written communication skills are essential. The role requires knowledge of AML, CIP, EDD and KYC rules, and collaboration with front office teams to facilitate inquiries.

Qualifications

• Requires Financial Institution Regulatory and Compliance knowledge including AML, 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.
• 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 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

AML regulatory knowledge

CIP

KYC

Analytical skills

Interpersonal communication

Verbal communication

Written communication

Organizational skills

Job description

Northern Trust is seeking an Associate Consultant in Business Unit Control to support AML compliance for new WM account openings. You will review client files, ensure regulatory conformance, and escalate risks to Global AML Management while applying standard procedures to resolve issues.

Strong analytical and written communication skills are essential. The role requires knowledge of AML, CIP, EDD and KYC rules, and collaboration with front office teams to facilitate inquiries.