Consultant, Compliance-Sanctions at Northern Trust

Chicago, Illinois, United States

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

5-7 or more years experience, preferably in Compliance or risk management; or equivalent related experience
In-depth knowledge of applicable laws and regulations, acquired through formal education and work experience
Knowledge of risk management and the Company's strategic goals
Analytical skills to analyze and summarize information and apply laws and regulations to the Company's business
Communication skills to consult with and communicate information to partners/clients

Advises business partners, including senior management, on Compliance programs and applicable laws, regulations, rules and standards, including keeping them informed of developments or changes that may affect their area
Participates in developing Compliance programs and acts as a contact point within the company for Compliance inquiries from partners
Participates in establishing written guidance on the appropriate implementation of Compliance programs and laws, regulations, rules and standards, through policies and procedures and other documents, such as Compliance manuals, internal codes of conduct and practice guidelines
Assists senior management in developing Compliance programs and identifying partners who are required to take certain classes
Identifies, measures, and documents Compliance risk to enhance Compliance risk assessments and assess the appropriateness of the company's Compliance procedures and guidelines
Identifies situations which may pose significant Compliance risk and guides management in developing policies and/or procedures that minimize risk
Interacts with business partners, regulators, and internal and external auditors on regulatory topics
Operates independently with in-depth knowledge of Compliance risk avoidance
Serves as a subject matter expert or other resource within a group for regulatory Compliance matters
May mentor junior level employees and review the work of others