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 world’s 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 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Major Duties:
Reviews and assesses escalated sanction wire transactions that alert from the sanction screening systems to determine if they are permissible under Office of Foreign Asset Control (OFAC) and/or any other applicable jurisdictional Sanctions program.
Conduct quality control of areas perform sanction screening, to assure compliance with applicable regulatory requirements and adherence to internal policies/procedures.
Advises business partners on the Sanctions Compliance Program and applicable laws, regulations, rules and standards, including keeping them informed of developments or changes that may affect their area.
Identifies any Compliance Sanction Risks associated with the Company’s activities.
Review and accesses sanction alerts related to Client screening and security screening to ensure compliance with Office of Foreign Asset Control (OFAC) and/or any other applicable jurisdictional Sanctions program.
Collaborates on projects with Team members, exhibiting ongoing learning and basic project management skills.
Provides additional support, functional and advanced subject matter knowledge as it relates to compliance with applicable Sanctions, rules and standards
Serves as a key subject matter expert and mentor to other more junior level employees
Consults with management regarding more complex or sensitive investigations.
May lead projects and/or provide direction and train more junior-level staff
Operates independently; has in-depth knowledge of financial crimes; and carries out activities that are large in scope, cross-functional and technically difficult
Solves problems in straightforward situations
Analyzes possible solutions using technical experience and judgment and precedents
Impacts quality of own work and the work of others on the team
Works within guidelines and policies
Knowledge:
Requires Financial Institution Regulatory and Compliance knowledge including but not limited to applicable U.S. Sanctions laws and regulations, usually acquired through formal education or experience, is preferred. Knowledge and/or previous experience with wire transactions, including understanding SWIFT message fields are a plus. Previous Anti-Money Laundering (AML) and/or sanction experience is also helpful. Analytical and communication skills required to analyze and summarize information.
Requires general knowledge of Global/Regional Financial Institution regulations and bank program implementation activities.
Requires ability to communicate in a clear, concise and effective manner (verbal and written)
Displays confidence and expertise to advise management and the business
Applies earned experience providing compliance advisory/consultancy and operational support
Requires proactivity and minimal supervision
Uses a collaborative approach to work, with strong interpersonal skills
Deals effectively with different personalities to address competing deadlines
Requires attention to detail
Requires expanded conceptual knowledge in own job discipline
Understands key business drivers; uses this understanding to accomplish own work
Explains complex information to others in straightforward situations
Experience:
A College or University degree and/or relevant proven work experience is required
At least 3 years of related/equivalent experience in AML, Sanctions, Risk Reporting or any compliance related process in a Financial Institution or equivalent.
Experience with securities is helpful. Any relevant financial certifications is preferred.
Organizational skills required to coordinate compliance activities. MS computer skills used daily, including but not limited to MS Word, MS Excel and MS Outlook.
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.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply 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 MyHRHelp@ntrs.com.
We hope you’re 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.
About Our Manila Office
The Northern Trust Manila office celebrated a decade of excellence in 2024. Through agility, resiliency, innovation, and excellence, they have evolved into a dynamic hub with diverse capabilities and a thriving workforce of over 1,200 — driving meaningful impact and sustainable growth. Learn more.