AML & Fraud Programs Associate Specialist

About Northern Trust :

Northern Trust a Fortune 500 company is a globally recognized award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Job Title : AML and Fraud Programs Associate Specialist

Department : WM BU Control

Location : Chicago IL

Summary :

The Wealth Management Enterprise Risk and Regulatory Control Team is part of the Wealth Management Business Unit Control Function and is responsible for the development collection and reporting of risk and control metrics and Fraud AML and Regulatory Change Management for the Wealth Management Division.

The Anti Money Laundering (AML) and Fraud Program Analyst is responsible for supporting the AML Lead and Fraud Lead with various tasks including : AML governance monitoring AML training supporting NT partners with completion of complex due diligence and periodic reviews implementation of fraud awareness campaigns completing fraud risk assessments root cause analysis and presentation of fraud metrics to key stakeholders and assisting with fraud incident research and implementation of fraud control enhancements.

This role involves understanding AML requirements systems and processes as well as detection prevention and mitigation of internal and external fraud risks and requires independent and collaborative work on moderately complex projects.

Key Responsibilities :

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. 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.

Requirements and Qualifications :

Bachelors 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.

Reporting Line :

Reports to : Compliance Risk and Control Reporting BU Control Manager

Work Nature :

Independent and collaborative; contributes to moderately complex aspects of projects.

Salary Range : $95600 - 162400 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including 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 and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us :

As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .

We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

Required Experience :

IC

Key Skills

Electrical,Academics,Customer Service,Computer Data Entry,Cardiac Surgery,Freight Forwarding

Employment Type : Full-Time

Experience : years

Vacancy : 1

Monthly Salary Salary : 95600 - 162400