Financial Crimes Compliance Analyst

Northern Trust • Chicago, IL

2d

About The Position

About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service. Seeking a Financial Crimes Compliance Analyst to join our team. Under general supervision responsible for completing all aspects of investigation, documentation, and reporting processes with respect to potential financial crime incidents involving Northern Trust accounts, clients, or employees.

Requirements

• Strong analytical skills are required
• Excellent oral and written communication skills are required
• Knowledge of rules and regulations related to the Bank Security Act (BSA), USA Patriot Act, Anti-Money Laundering (AML), and 314(a) regulation
• Analytical and problem-solving skills are required
• A College or University degree and at least 1-4 years of relevant work experience is preferred

Nice To Haves

• Technical skills / knowledge of Northern Trust transaction processing systems is preferred
• Related Industry qualification (e.g., ACAMS, CFE) or studying towards, is preferred.

Responsibilities

• Utilizes a transaction monitoring system to complete alerts to determine if further escalation is warranted to determine if suspicious activity was identified and a possible financial crime (fraud, money laundering, or terrorist financing) has occurred that involves Northern Trust accounts and clients
• Supports each alert investigation with appropriate analysis and documents investigation activities and conclusions
• Completes alerts within prescribed timeframes according to Northern Trust’s timing standards
• Interacts with partners or external parties in the course of alert investigations, as appropriate
• Recognizes the highly sensitive nature of investigation activities and maintains confidentiality
• Consults with management when necessary, regarding more complex or sensitive investigations
• Able to conduct open-source research, including searches in external and internal databases to facilitate discussions and reach decisions
• Ensures the timely screening, review, recordkeeping, and reporting of FinCEN’s 314(a) requests as prescribed by the regulation
• Ensure that operational 314(a) processing is completed, analyze the output of the 314a screening process, and make decisions on appropriate actions to take
• Review and screen 314(a) reports generated on clients and transactions to determine if there is a match

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees