Associate Consultant Compliance

ACCA Careers; Tempe (AZ); On-site; USD 64,125 - 105,925; Full time

Benefits offered by this job

401k and Pension

Health and Welfare Benefits

Paid Time Off

Parental Leave

Discretionary Bonus Program

Job summary

Northern Trust is seeking an Associate Consultant, Compliance to join a global team ensuring OFAC and other sanctions program compliance across the bank. The role includes reviewing sanction-related wire transactions, conducting quality control of screening, and advising partners on updates to sanctions laws and guidance.

The ideal candidate will possess strong analytical and problem-solving skills, thrive in a dynamic environment, and collaborate on cross-functional projects in a firm that

Qualifications

• Exposure to AML, risk, compliance, sanctions programs.
• Ability to communicate clearly with stakeholders.
• Strong organizational skills and attention to detail.

Responsibilities

• Reviews and assesses escalated sanction wire transactions for OFAC and other programs.
• Quality control of sanction screening activities to ensure regulatory compliance and internal policies.
• Advises business partners on the Sanctions Compliance Program and relevant laws and updates.
• Identifies sanctions risk in company activities.
• Collaborates on cross-functional projects and demonstrates basic project management.
• Consults with management on complex investigations.
• Operates independently with knowledge of financial crimes.

Skills

AML/Risk/Compliance

Sanctions exposure

Collaboration

Communication skills

Job description

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.

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.

Role/Department

The Associate Consultant, Compliance is part of a global team responsible for ensuring the bank adheres to all sanctions, laws and regulations imposed by the United States Treasury Department’s Office of Foreign Assets Control (OFAC) and other sanctions programs, including but not limited to, the Council of the European Union and the Office of Financial Sanctions Implementation in the UK. The team works collaboratively to effectively identify and mitigate potential sanctions risk and to communicate sanctions program updates and guidance to relevant stakeholders. The ideal candidate should possess strong analytical and problem solving skills and be comfortable with minimal formal structure and changing environments. This role will appeal to those wishing to move into the compliance domain.

The Key Responsibilities Of The Role Include

• Reviews and assesses escalated sanction wire transactions that alert from the sanction screening systems to determine if they are permissible under Office of Foreign Asset Control (OFAC) and/or any other applicable jurisdictional Sanctions program.
• Conduct quality control of areas performing sanction screening, to assure compliance with applicable regulatory requirements and adherence to internal policies/procedures.
• Advises business partners on the Sanctions Compliance Program and applicable laws, regulations, rules and standards, including keeping them informed of developments or changes that may affect their area.
• Identifies any compliance Sanction Risks associated with the Company’s activities.
• Collaborates on projects with team members, exhibiting ongoing learning and basic project management skills.
• Consults with management regarding more complex or sensitive investigations.
• Operates independently; has in-depth knowledge of financial crimes; and carries out activities that are large in scope, cross-functional and technically difficult

Skills/ Qualifications

The successful candidate will benefit from having:

• The ideal candidate would have exposure to AML/ Risk/ Compliance/ Sanctions or general banking operations.
• A collaborative approach to work, with strong interpersonal skills.
• The ability to communicate in a clear, concise, and effective manner (verbal and written)
• Organizational skills required to coordinate compliance activities

Salary Range

$64,125 - 105,925 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).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

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.