Consultant, Compliance-Sanctions at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

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

Responsibilities

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

Skills

Key technologies and capabilities for this role

Compliance ProgramsSanctionsRegulatory ComplianceRisk AssessmentPolicies and ProceduresAMLKYCFinancial Regulations

Questions & Answers

Common questions about this position

What is the salary range for the Consultant, Compliance-Sanctions position?

The salary range is $74,200 - 126,200 USD.

Is this a remote position, or do I need to work in the office?

This is a hybrid working model, where the successful candidate will spend time between working in the office and working from home.

What skills and experience are required for this role?

The role requires 5-7 or more years of experience in Compliance or risk management, in-depth knowledge of applicable laws and regulations, and strong analytical and communication skills.

What is the company culture like at Northern Trust?

Northern Trust emphasizes enduring principles of service, expertise, and integrity, with over 22,000 partners providing innovative financial services using leading technology and exceptional service.

What makes a strong candidate for this position?

A strong candidate has 5-7+ years in Compliance or risk management, in-depth knowledge of laws and regulations from education and experience, plus analytical and communication skills; experience as a subject matter expert and mentoring ability is advantageous.