Job Description
Are you a highly analytical and detail-oriented individual with a passion for combating financial crime? Do you have a strong understanding of anti-money laundering regulations and advanced data analytics techniques? If so, then Northern Trust has an exciting opportunity for you as an AML Specialist in our Risk
Advanced Analytics team. In this role, you will play a crucial role in protecting our organization from money laundering and other illicit activities through the application of advanced analytics and risk assessment methodologies.
To be successful in this role, you must possess a strong academic background, relevant work experience, and a deep commitment to integrity and ethical standards. and make a meaningful impact in the fight against financial crime. Conduct detailed analysis of financial transactions to identify potential money laundering and other illicit activities. Utilize advanced data analytics techniques to enhance the effectiveness of our anti-money laundering efforts. Stay up-to-date on the latest anti-money laundering regulations and industry best practices.
Collaborate with cross-functional teams, including legal, compliance, and risk management, to ensure alignment and consistency in our anti-money laundering strategies. Conduct comprehensive risk assessments to identify potential vulnerabilities and gaps in our current processes and procedures. Monitor and analyze data to identify suspicious activity and report any potential violations to the appropriate authorities. Develop and implement risk mitigation strategies to prevent financial crime and ensure compliance with regulatory requirements.
Communicate and provide recommendations to senior management on potential risks and mitigation strategies. Participate in the development and implementation of training programs for employees to increase awareness and understanding of anti-money laundering regulations and risks. Maintain accurate and detailed records of all investigations, findings, and actions taken. Maintain a high level of confidentiality and integrity in handling sensitive information related to financial crime investigations. Continuously assess and improve our anti-money laundering processes and procedures to ensure their effectiveness and efficiency.
Act as a subject matter expert on anti-money laundering regulations and provide guidance and support to other team members. Represent the organization in external meetings and forums related to anti-money laundering efforts. Uphold a strong commitment to ethical standards and promote a culture of integrity and compliance within the organization. Northern Trust is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
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