Risk and Compliance Intern

001 The Northern Trust Company; Chicago (IL); On-site; USD 41,000 - 48,000; Full time

Benefits offered by this job

401k and pension

Health and welfare benefits

Paid time off

Parental and caregiver leave

Life & accident insurance

Well‑being benefits

Discretionary bonus program

Job summary

Northern Trust offers a ten-week internship located in Chicago, IL, designed to develop early career skills in risk and compliance. You will work directly with teams on day-to-day tasks and participate in program events to build capabilities and leadership networks with senior leaders.

The program emphasizes analytics, reporting, and collaboration across risk, control, and enterprise initiatives, preparing you for a professional path in financial services.

Qualifications

• Pursuing a bachelor’s degree with expected graduation between Dec 2027 and Summer 2028.
• Minimum GPA of 3.0.
• Knowledge of risk and compliance principles; curiosity to learn more.
• Interest in financial markets and financial services industry.
• Proven analytical and strategic thinking from coursework or internship.
• Demonstrated leadership and teamwork in projects or activities.
• Strong verbal and written communication with time-sensitive deliverables.

Responsibilities

• Support day-to-day internship tasks as part of a team.
• Engage in internship program events to develop new skills.
• Collaborate with leadership to determine best team placement.
• Gain exposure to risk management, reporting, and governance processes.
• Work with data analytics, AI, automation to improve risk processes.

Skills

Analytical skills

Data interpretation

Problem-solving

Communication skills

Leadership

Teamwork

Time management

Education

Bachelor’s degree in Finance/Economics/Data Science or related field

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.

Each applicant has the opportunity to apply to a maximum of 3 job postings per recruitment season in North America. Please do not create multiple email addresses to apply to additional opportunities.

Posting Close Date: October 9, 2026, 11:59pm Central, unless the class is filled before that date. Applications will be reviewed on a rolling basis. We strongly encourage you to submit your application as early as possible as programs will close once positions are filled.

WHO YOU ARE

• You are pursuing a bachelor’s degree at an accredited college/university, majoring in Finance, Economics, Data Science & Analytics, Artificial Intelligence, Management Information System, Business Management and Administration, Mathematics, and Computer Science, with an expected graduation date between December 2027 and Summer 2028
• You have a minimum GPA of 3.0
• You have some knowledge of risk and compliance principles, usually acquired through coursework or prior related experience, and are curious to learn more
• You are curious about financial markets and interested in learning more about the financial services industry markets, business operations, administration, data, and execution of a globally systemic important bank
• You have proven analytical, data interpretation, problem-solving, critical and strategic thinking skills through coursework and/or previous internship experience
• You have demonstrated leadership and teamwork through projects and extracurricular involvement
• Strong verbal and written communication, results driven based on time sensitive deliverables, time management skills

WHAT YOU’LL DO

As an intern at Northern Trust, you will have the opportunity to build relevant skills, work on meaningful projects, and participate in a collaborative program designed to support your early career development. You will work directly with your team on day-to-day tasks while joining internship program events to develop new skills, network with senior leaders, and connect with fellow interns in the program. Through hands‑on experience, meaningful project work, and exposure to a dynamic global business, you will begin to see how your interests can grow into a long‑term career at Northern Trust. A recruiter will work with you to determine the best team placement given your interests, skill set, and relevant experience.

THE PROGRAM

Ten weeks

Located in Chicago, IL

PROGRAM OPPORTUNITIES

• Professional development workshops
• Lunch & Learns with Leadership Intern
• Cross-Functional Project Presentation Intern volunteer event
• Social events
• Ongoing learnings at enterprise-wide level
• Mentorship and networking opportunities

WHAT YOU’LL GAIN

• Complete, compile, and present high-quality summaries of findings, insights, and recommendations in a concise and professional manner.
• Analyze risk, control, and operational data to develop reporting, dashboards, and metrics that support risk monitoring and decision‑making.
• Support Risk project teams in the implementation and enhancement of risk frameworks, controls, governance processes, and regulatory initiatives.
• Leverage data analytics, artificial intelligence, automation, and emerging technologies to improve risk management processes and operational efficiency.
• Partner with business, risk, and control stakeholders to identify process improvements and support enterprise risk objectives.
• Develop professional skills related to an assigned area of Risk through project work, mentorship, and business unit engagement.

SAMPLE FUTURE CAREER PATHS/TRACKS

Risk & Compliance Analyst, Data Analytics Analyst, and more as part of our Analyst Development Program (ADP).

SALARY RANGE

Salary range is $30.00 - $35.00 USD per hour. Salary range is a good faith estimate of base pay.

BENEFITS

• 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).

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.

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.

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.

EEO STATEMENTS

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.

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.

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.

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).