Associate Consultant Compliance

Northern Trust Corp; Tempe, Northern (AZ, KY); Hybrid; USD 64,000 - 106,000; Full time

Benefits offered by this job

401k

Health benefits

Paid time off

Parental leave

Job summary

Northern Trust in the United States is seeking an Associate Consultant, Compliance to join a global team ensuring OFAC and other sanctions program adherence. You will help identify and mitigate sanctions risk, communicate guidance to stakeholders, and support ongoing regulatory updates.

The role suits analytical thinkers ready to operate in evolving, minimally structured environments, with opportunities to grow in AML/risk and financial crime controls.

Qualifications

• Experience or exposure to AML, risk, compliance, sanctions or banking operations.
• Collaborative approach with strong interpersonal and communication skills.
• Ability to communicate clearly, in writing and verbally.

Responsibilities

• Reviews and assesses sanction-related wire transactions for OFAC/compliance.
• Quality control of sanction screening and adherence to policies.
• Advises partners on Sanctions Compliance and regulatory developments.
• Identifies sanctions risk in company activities and supports cross-functional projects.
• Consults with management on complex investigations.

Skills

Analytical skills

Problem-solving

AML exposure

Compliance

Sanctions

Interpersonal skills

Communication

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. 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:

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
• 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.

Terms and Conditions

• Candidate Privacy Notice
• California Applicant Privacy Notice
• Pay Transparency
• Nondiscrimination Provision (U.S)
• Transparency in Coverage Disclosure – North America

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO Know Your Rights (U.S.)

Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.