Senior Consultant, Financial Crime Compliance

001 The Northern Trust Company; Chicago (IL); On-site; USD 83,000 - 141,000; Full time

Job summary

The Northern Trust Company in Chicago, IL is seeking a senior role to lead the Financial Crime Compliance risk assessment program. You will drive AML, sanctions, and related risk assessments, guiding internal controls and governance.

You will interact with stakeholders and regulators to ensure compliance and timely, accurate risk reporting. This position requires deep FCC knowledge, extensive experience in risk assessments, and the ability to train and mentor assessors across the organization.

Qualifications

• Knowledge of risk management and the Company's strategic goals.
• In-depth knowledge of regulations and local laws acquired through formal education and work experience.
• Communication and analytical skills to consult with partners and analyze information and apply regulations.
• 10+ years of experience in AML, Sanctions or Financial Crime Compliance.
• 5+ years of experience focused on financial crime risk assessments.

Responsibilities

• Lead FCC risk assessment program including AML, sanctions, and related topics.
• Drive enhancements to FCC risk assessments, standards, methodology, and processes.
• Identify, document, and measure risk to assess FCC internal controls.
• Collaborate with stakeholders to deliver risk assessment outputs aligned to FCC priorities.
• Establish guidance on FCC risk assessments and deliver training to assessors.

Skills

AML

Sanctions

Financial Crime Compliance

Regulatory knowledge

Risk assessment

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.

Key Responsibilities

• Lead the Financial Crime Compliance (FCC) risk assessment program, including anti-money laundering, countering the financing of terrorism, countering proliferation financing and economic sanctions
• Drive ongoing enhancements to the FCC risk assessments and associated standards, methodology and processes and ensure they align to applicable AML and economic sanctions laws, regulations and industry guidance.
• Identify, document, and measure risk to assess the appropriateness of the company's FCC-related internal controls.
• Work closely with stakeholders and assessors across the firm to deliver valuable and actionable risk assessment outputs, aligned to FCC priorities.
• Establish written guidance on the appropriate implementation of FCC risk assessments and deliver training to assessors and other stakeholders.
• Act as the primary contact point within the Company for FCC risk assessment inquiries from partners.
• Identify trends and emerging risks in the Company's businesses and legal entities, and at the enterprise level, based on risk assessment results.
• Guide management in developing or enhancing internal controls to minimize such risk.
• Enhance management reporting on risk assessments and provide updates to governance bodies.
• Interact with business partners, regulators, and internal and external auditors on regulatory topics.
• Operate independently with in-depth AML and economic sanctions knowledge and serve as a subject matter expert on FCC risk assessments.
• Manage projects, meet deadlines and balance competing priorities.

Candidate Profile

• Knowledge of risk management and the Company's strategic goals.
• In-depth knowledge of regulations and local laws acquired through formal education and work experience is required.
• Communication and analytical skills are necessary to consult with partners and analyze information and apply regulations.
• 10 or more years of experience in AML, Sanctions or Financial Crime Compliance.
• 5 or more years of experience focused on financial crime risk assessments.

Salary Range: $83,100 - 141,300 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.

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.

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.

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. 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, ethnicity, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected under 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.)