Associate Consultant, Compliance
Northern Trust · Limerick, Ireland · 10d ago
About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
Role/Department:
The Associate Consultant, Compliance is part of a global team responsible for ensuring the bank adheres to all sanctions, laws and regulations imposed by the United States Treasury Department’s Office of Foreign Assets Control (OFAC) and other sanctions programs, including but not limited to, the Council of the European Union and the Office of Financial Sanctions Implementation in the UK.
The team works collaboratively to effectively identify and mitigate potential sanctions risk and to communicate sanctions program updates and guidance to relevant stakeholders. The ideal candidate should possess strong analytical and problem solving skills and be comfortable with minimal formal structure and changing environments. This role will appeal to those wishing to move into the compliance domain.
The key responsibilities of the role include:
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 performing 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.
Collaborates on projects with team members, exhibiting ongoing learning and basic project management skills.
Consults with management regarding more complex or sensitive investigations.
Operates independently; has in-depth knowledge of financial crimes; and carries out activities that are large in scope, cross-functional and technically difficult
Skills/ Qualifications:
The successful candidate will benefit from having:
The ideal candidate would have exposure to AML/ Risk/ Compliance/ Sanctions or general banking operations.
A collaborative approach to work, with strong interpersonal skills.
The ability to communicate in a clear, concise, and effective manner (verbal and written)
Organizational skills required to coordinate compliance activities
Work Authorization
Applicants must have the right to work in Ireland at the time of application and for the duration of employment.
Please note that Northern Trust is unable to provide employment permit sponsorship for this role. This includes Critical Skills Employment Permits, General Employment Permits, Intra-Company Transfer Employment Permits, Stamp 1G permissions, and other employment permits under Irish immigration frameworks.
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.