Senior Consultant, Financial Crime Compliance

Northern Trust • Chicago, IL

1d • Hybrid

About The Position

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.

Requirements

• 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.
• 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).

Nice To Haves

• Knowledge of risk management and the Company's strategic goals.

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.

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
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed