AML & Fraud Programs Associate Specialist at Northern Trust

Chicago, Illinois, United States

Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Wealth ManagementIndustries

Bachelor's degree in a relevant field
3-4 years of related experience in fraud analysis and/or Anti-Money Laundering processes
Strong analytical, research, and problem-solving skills
Excellent communication and documentation abilities
Enjoys working with others in person, via calls, and email
Organized and able to handle multiple tasks/projects simultaneously
Detail-oriented and thorough, ensuring all aspects of a task/project are completed properly
Ability to work independently and collaboratively on projects
Knowledge of AML and fraud detection tools and techniques
Understanding of internal and external control frameworks and risk mitigation strategies
Technical Skills: Microsoft Office 365, experience with fraud and AML third party systems, preferably Actimize and Verafin

Support NT partners in the completion of AML required processes
Review AML metrics and report any exceptions to the AML Lead and other key business partners
Research and analyze potential fraud cases to identify patterns and prevent future fraud
Detect and prevent fraudulent transactions using various research methods
Prepare summaries and reconciliations in Microsoft Word, Excel, PowerPoint or other applications as needed
Review and respond to complex fraudulent support requests
Identify areas requiring enhanced fraud mitigation procedures or software to protect client assets
Evaluate internal processes to identify control weaknesses, assess the potential for loss and make recommendations to strengthen controls
Develop recommendations to remediate and mitigate loss
Provide training and guidance to partners on fraud, red flags and AML requirements