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Analyst, AML CDD

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Northern Trust Corporation

1mo ago

  • Job
    Full-time
    Junior Level
  • Legal
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You need knowledge of AML, KYC, and sanctions; strong analytical and communication skills; at least 2 years of experience; a relevant degree; and ACAMS certification is a plus.
  • You will review client files for AML compliance, monitor customers, investigate alerts, and document testing results while supporting Global AML Management and addressing compliance issues.

Requirements

  • Requires Financial Institution Regulatory and Compliance knowledge including but not limited to AML, Customer Identification Program (CIP), Enhanced Due Diligence (EDD) and Know Your Customer (KYC) regulatory requirements and Economic Sanctions laws and regulations, usually acquired through formal education or experience, to review policies and procedures in order to ensure their adequacy and to monitor compliance
  • Requires strong analytical, interpersonal, verbal and written communication skills are required to analyze and summarize information
  • Requires Analytical skills required to execute test scripts and identify exceptions to policies/procedures
  • Requires strong written communication skills required to document work completed and summarize findings
  • Requires organizational skills required to coordinate compliance
  • ACAMS certification desired but not required
  • Requires conceptual knowledge of theories, practices and procedures within a job discipline
  • Applies general knowledge of business developed through education or past experience
  • Exchanges straightforward information, asks questions and checks for understanding
  • Accountable for own contributions
  • Must possess at least a Bachelor's/College Degree, Economics, Finance/Accountancy/Banking, Business Studies/Administration/Management or equivalent
  • At least 2 years of related experience

Responsibilities

  • Reviews client files for conformance with applicable AML policies, procedures and regulatory requirements and works with front office teams to facilitate queries.
  • Provides support and functional knowledge as it relates to compliance with applicable AML laws, rules and standards
  • Performs continuous monitoring of customers including investigating Adverse Media and Politically Exposed Person alerts.
  • Identifies and escalates to Global AML management any regulatory compliance risks associated with the file reviews completed
  • Carries out business-related activities that may be required to support Global AML Compliance guidelines
  • Provides support as requested by Global AML Management as necessary to resolve compliance issues, including actions in response to Regulatory exam and Audit findings
  • Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments
  • Reviews assigned laws/regulations and related policies/procedures in order to understand test scripts for execution of testing.
  • Conducts and adequately documents testing to assess compliance with and adherence to regulations and policies/procedures.
  • Applies analytical skills to review information and determine potential control weaknesses or exceptions to policies/processes.
  • Summarizes and communicates testing results in clear, concise language.
  • Assists with validation testing of issues identified to ensure actions have been adequately closed.
  • Participates in additional projects or initiatives, as directed by management.
  • Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments
  • Has limited impact on own work team
  • Works within standardized procedures and practices to achieve objectives and meet deadlines

FAQs

What is the job title for this position?

The job title is Analyst, AML CDD.

What are the major duties associated with this role?

Major duties include reviewing client files for AML compliance, providing support for compliance with AML laws, performing continuous monitoring of customers, and conducting testing to assess compliance with regulations.

What qualifications are required for this position?

A Bachelor's degree in Economics, Finance, Accountancy, Banking, Business Studies, Administration, Management, or equivalent is required, along with at least 2 years of related experience.

Is a specific certification desired for this role?

Yes, an ACAMS certification is desired but not required.

What skills are crucial for this position?

Strong analytical, interpersonal, verbal and written communication skills are crucial, along with organizational skills and the ability to summarize information clearly.

How does Northern Trust support career development for employees?

Northern Trust encourages movement within the organization, provides opportunities for collaboration, and has accessible senior leaders, allowing employees to take pride in their contributions.

Does Northern Trust provide reasonable accommodations for individuals with disabilities?

Yes, Northern Trust is committed to providing reasonable accommodations for individuals with disabilities during the employment process.

What is the work culture like at Northern Trust?

The work culture at Northern Trust is flexible and collaborative, emphasizing financial strength and stability while encouraging new ideas.

Can I inquire about flexible working requirements?

Yes, applicants are encouraged to discuss their flexible working requirements with Northern Trust to find a suitable arrangement.

What is the application process for this role?

Interested candidates are invited to apply directly and share how their interests and experience could align with the company’s goals.

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Northern Trust Corporation

Dynamic careers. Brighter futures. Greater possibilities.

Finance
Industry
10,001+
Employees
1889
Founded Year

Mission & Purpose

Northern Trust is a leading global financial services company that offers a comprehensive range of asset servicing, investment management, and banking solutions to individuals and institutions. With a strong emphasis on client-focused services, Northern Trust aims to build enduring partnerships with their clients by providing tailored solutions and exceptional customer experiences. Their expertise in asset management, wealth management, and asset servicing enables them to deliver innovative and reliable financial solutions that help clients grow, preserve, and manage their wealth effectively. As a trusted financial partner, Northern Trust's purpose is to empower their clients to achieve their financial goals and navigate the complexities of the global financial markets with confidence and peace of mind.