CAREERS
📁
Risk Management/Compliance
📅
95028 Requisition #

Northern Trust provides innovative financial services and guidance to corporations, institutions and affluent families and individuals globally. With over 130 years of financial experience and nearly 20,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.                   

1. Reviews and analyze escalated OFAC/Sanction alerts related to various types of transactions, i.e.  Domestic and International Wire payments, Swift payments, IAT and Securities that alert from the sanction screening system.  Investigate and make accurate decisions on appropriate actions to take to determine if they are permissible under Office of Foreign Asset Control (OFAC) and/or any other applicable jurisdictional Sanctions program.

2. Perform Quality Control Reviews on areas that perform sanction screening reviews, to assure compliance with applicable regulatory requirements and adherence to internal policies/procedures.

3. Advises 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.

4. Identifies any Compliance Sanction Risks associated with the Company’s activities.

5. Carries out Compliance-related activities through direct interaction with management and Risk Huddles.

6. Collaborates on projects with Team members, exhibiting ongoing learning and basic project management skills.

7. Collaborate with team members and internal partners as needed related to OFAC matters.

8.  Work on Special projects as assigned.

9.  Participate and complete required training, ie. Departmental new hire, industry, and corporate.

Qualifications - External

  • Knowledge of applicable U.S. Sanctions laws and regulations, usually acquired through formal education or experience, is preferred.
  • At least 2-5 years of related work experience; prior work in an OFAC Sanction’s role strongly preferred, but not required.
  • Experience working with Fircosoft or Sanctions filtering application is a plus.
  • Knowledge and/or previous experience with wire transactions, including understanding SWIFT payments are a plus. 
  • Organizational skills required to coordinate compliance activities and training.
  • Strong analytical and problem-solving skills are required.
  • Excellent oral and written communication skills are required.
  • In-depth functional / industry knowledge is required
  • Strong technical skills and knowledge of transaction processing systems is preferred.
  • Ability to proactively and independently research, gather evidence for compliance documents.

The hours for this position are 9:30 a.m. to 6:00 p.m. CST

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 that is committed to strengthening the communities we serve!

We recognize the value of inclusion and diversity in culture, in thought, and in experience, which is why we are honored to receive the following awards in 2021:

  • Gender Equality Index Member, Bloomberg
  • Top Financial & Banking Company, Black EOE Journal, Hispanic Network Magazine, Professional WOMAN'S Magazine

 

 

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Reasonable Accommodation
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), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC/India EEO Statement
    • 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
    • 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, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • 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
    • 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 poster (U.S.)EEO is Law Poster Supplement