Northern Trust

Sr. Consultant, Compliance

Northern Trust

full-time

Posted on:

Origin:  • 🇺🇸 United States • Arizona, Illinois

Visit company website
✨ AI Apply
Manual Apply

Salary

💰 $83,100 - $141,300 per year

Job Level

Senior

About the role

  • Designs and performs testing procedures to assess adherence with laws and regulations as well as bank compliance processes.
  • Review and interpretation of current and proposed laws and regulations.
  • Provides consultation and advice to partners regarding compliance and risk avoidance.
  • Develops testing plans by reviewing laws, regulations, and internal policies/procedures.
  • Verifies through execution of the Testing Program that activities meet federal, state and local requirements.
  • Prepares reports detailing results of testing performed.
  • Validates issue remediations presented for issue closures.
  • Advises business partners on compliance matters as requested.
  • Recommends procedural changes to minimize risk.
  • Identifies situations posing significant risk and guides management in policy development.
  • Interacts with business partners and internal auditors on regulatory topics.
  • Serves on internal and external groups to provide/receive advice on industry trends.
  • Participates in training and forums on industry trends and compliance requirements.
  • Consults with partners regarding daily decisions that could pose risk and conflict with existing policy.
  • Analyzes and reviews results of Compliance Risk Assessments in determining appropriate testing.
  • Operates independently; has an in-depth knowledge of Compliance risk avoidance.
  • May lead projects, mentor junior employees and review the work of others.

Requirements

  • 5 or more years of compliance, risk management or equivalent related experience.
  • In-depth knowledge of Consumer Deposit Compliance, Consumer Lending Compliance or Safety & Soundness regulations; AML/Sanctions regulations a plus.
  • Knowledge of applicable laws and regulations usually acquired through formal education or work experience.
  • Prior experience conducting internal audits, compliance reviews, or internal control reviews is preferred.
  • Excellent written and oral communication skills along with analytical skills to consult with partners/clients, and analyze information and apply regulations.