Associate Consultant Compliance
About the role
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.
Responsibilities
- 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.
- Advise 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.
- Identify any compliance Sanction Risks associated with the Company’s activities.
- Collaborate on projects with team members, exhibiting ongoing learning and basic project management skills.
- Consult with management regarding more complex or sensitive investigations.
- Operate independently; has in-depth knowledge of financial crimes; and carries out activities that are large in scope, cross-functional and technically difficult.
Qualifications
- 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.
Skills
- The ideal candidate should possess strong analytical and problem solving skills and be comfortable with minimal formal structure and changing environments.
Benefits
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.
Pay
Salary range is $64,125 - 105,925 USD.
Schedule
Not specified.
Benefits
Not specified.
Schedule
Not specified.
Benefits
Not specified.
Pay
Not specified.
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
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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.