AML CIP/KYC Associate

About the role

Northern Trust is a global leader in wealth management, asset servicing, asset management, and banking services. Founded in 1889, the company adheres to three core principles: Service, Expertise, and Integrity. These principles guide the behavior of its partners, who are dedicated to serving clients and communities worldwide.

Responsibilities

• Reviews client files for compliance with AML policies, procedures, and regulatory requirements for new WM account openings.
• Works with front office teams to facilitate queries related to compliance.
• Identifies and escalates regulatory compliance risks associated with file reviews to Global AML management.
• Carrries out business-related activities supporting Global AML Compliance guidelines.
• Supports Global AML Management in resolving compliance issues, including responding to Regulatory exam and Audit findings.
• Solves standard problems using existing procedures and analyzes information to make judgments.

Requirements

• Requires Financial Institution Regulatory and Compliance knowledge, including AML, CIP, EDD, and KYC regulatory requirements, and Economic Sanctions laws and regulations.
• Strong analytical, interpersonal, verbal, and written communication skills are required to analyze and summarize information.
• Strong written communication skills are required to document work completed and summarize findings.
• Strong organizational skills are required.

Skills

• Financial Institution Regulatory and Compliance knowledge, including AML, CIP, EDD, and KYC regulatory requirements, and Economic Sanctions laws and regulations.
• Strong analytical, interpersonal, verbal, and written communication skills.
• Strong organizational skills.

Benefits

Comprehensive benefits package includes:

• Retirement benefits (401k and pension)
• Health and welfare benefits (medical, dental, vision, spending accounts, and disability)
• Paid time off, parental and caregiver leave
• Lifetime life & accident insurance
• Discretionary bonus program with an equity component

Pay

$61,500 - 98,300 USD

Schedule

Not specified