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Northern Trust

Global wealth management and asset servicing

AML CIP/KYC Associate

Full-Time
$61.5k - $98.3k/yr+ Discretionary bonus + Equity component
Mid
Chicago, IL, USA
In Person
Risk & ComplianceFinancial Crime & AML
No H1B Sponsorship

About the job

Requirements
  • Knowledge of financial institution regulatory and compliance requirements, including Anti-Money Laundering, Customer Identification Program, Enhanced Due Diligence, Know Your Customer, and economic sanctions laws and regulations, acquired through formal education or experience.
  • Strong analytical skills to analyze and summarize information.
  • Strong interpersonal skills.
  • Strong verbal communication skills.
  • Strong written communication skills to document completed work and summarize findings.
  • Strong organizational skills.
Responsibilities
  • Review client files for conformance with applicable Anti-Money Laundering policies, procedures, and regulatory requirements for new wealth management account openings, and work with front-office teams to facilitate queries.
  • Provide support and functional knowledge related to compliance with applicable Anti-Money Laundering laws, rules, and standards.
  • Identify and escalate regulatory compliance risks associated with completed file reviews to Global Anti-Money Laundering management.
  • Carry out business-related activities required to support Global Anti-Money Laundering Compliance guidelines.
  • Provide support as requested by Global Anti-Money Laundering management to resolve compliance issues, including actions responding to regulatory examinations and audit findings.
  • Use existing procedures to solve standard problems and analyze information and standard practices to make judgments.

About the company

Preparing company summary.

Company Size

10,001+

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1889

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Simplify Jobs

Simplify's Take

What believers are saying

  • Northern Trust extended BT Pension Scheme servicing on August 12, 2026, deepening UK pensions.
  • Northern Trust expanded Singapore unit-trust servicing with Perpetual, broadening Asia-Pacific distribution on September 2026.
  • Northern Trust Asset Management hired Amy Johnston on September 1, 2026 to drive institutional growth.

What critics are saying

  • Elizabeth Madden sued Northern Trust on January 28, 2026 over alleged trust theft.
  • Dave Fox retires by March 31, 2027, forcing a CFO search during execution.
  • Warwickshire’s £3.6 billion mandate barely moves a $20.0T platform, exposing commoditized pricing.

What makes Northern Trust unique

  • Northern Trust held $20.0T AUC/A and $2.0T AUM on June 30, 2026.
  • Its integrated wealth, custody, and fund-administration platform wins sticky mandates like BTPS and Warwickshire.
  • Chicago-rooted trust expertise still anchors Delaware and Nevada fiduciary services under Cynthia Brown.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Hybrid Work Options

Flexible Work Hours

Mental Health Support

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

11%

1 year growth

11%

2 year growth

11%
cash.ch
Oct 6th, 2026
UBS transfers former CS fund administration businesses to Northern Trust.

UBS transfers former CS fund administration businesses to Northern Trust. The major bank UBS is transferring Credit Suisse's former fund administration businesses in Switzerland and Luxembourg to Northern Trust. It is thereby expanding its collaboration with the US financial services provider. 06.10.2026 03:05 The Swiss and Luxembourg UBS Management Companies would also expand their existing fund administration agreement with Northern Trust to investment funds for which UBS currently still provides this service, UBS announced on Thursday. UBS itself would withdraw from the fund administration business. The transaction is expected to close in the second quarter of 2027. According to the information, the migration of fund administration services to Northern Trust is to be implemented over a period of two years. UBS had already sold its Swiss and Luxembourg fund administration business for traditional investments to Northern Trust in 2017 and at the same time entered into a long-term service agreement. The CS fund administration business was integrated into UBS in the course of the CS takeover in 2023. Simplification of the Luxembourg company. At the same time, UBS wants to simplify the operating model of its Luxembourg Management Company, the statement continues. It wants to focus there primarily on the servicing of in-house funds. Universal Investment has been selected as the preferred external fund company. UBS thereby wants to ensure a long-term solution for its white-labelling clients in Luxembourg.

MarketScreener
Oct 5th, 2026
Northern Trust Wealth Management continues Northeast Region expansion with two Senior appointments.

Northern Trust Wealth Management continues Northeast Region expansion with two Senior appointments. Published on 10/05/2026 at 08:06 am EDT Business Wire Northern Trust Wealth Management has appointed Beth Emswiler and Andrew Borner as Senior Managing Directors in the Northeast Region. Emswiler is based in New York, while Borner is based in Greenwich, Connecticut, strengthening the firm's investment capabilities and client leadership in both markets. The appointments build on Northern Trust's recent hiring momentum, following the expansion of its Family Office Solutions team in New York and the addition of Senior Relationship Managers Gloria Fieldcamp and James Le Rose. "Clients expect us to understand both the complexity of substantial wealth and the personal goals it supports," Northeast Region President Katie Nixon said. "Beth brings considerable investment experience, while Andrew has spent his career earning the trust of families. Together, they will help us bring the full breadth of Northern Trust to more clients." Emswiler joins Northern Trust from Citi Private Bank, where she served as head of investments for Metro New York and led investment solutions for ultra-high-net-worth clients and family offices. Her more than three-decade career includes leadership roles across private banking, equities, sales and trading, capital markets and investment advisory. Borner brings more than 30 years of experience and most recently served as BNY's market president for Connecticut and Long Island. He was responsible for new business development and worked directly with individuals, families, trusts and foundations to develop and implement comprehensive investment and wealth plans. Northern Trust Wealth Management is a premier private bank serving affluent individuals and families, family offices, foundations and endowments, and privately held businesses. Northern Trust Wealth Management, which combines deep expertise with innovative technology and service excellence, had US$534 billion in assets under management as of June 30, 2026. The Northern Trust Company is an Equal Housing Lender. Member FDIC. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. View source version on businesswire.com: https://www.businesswire.com/news/home/20261005894356/en/ (C) Business Wire - 2026

The Mirror Democrat and Savanna Times-Journal
Sep 29th, 2026
CORRECTING and REPLACING Northern Trust announces Chief Financial Officer transition.

CORRECTING and REPLACING Northern Trust announces Chief Financial Officer transition. * 3 hrs ago Please replace the release with the following corrected version due to multiple revisions. The updated release reads: NORTHERN TRUST ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION Northern Trust Corporation announced today that Dave Fox, Chief Financial Officer, has announced his retirement after a long and distinguished career in financial services. Fox intends to remain in his role through the end of the first quarter of 2027 to support a thoughtful and orderly transition. Northern Trust plans to conduct a comprehensive internal and external search for its next Chief Financial Officer. During this time, it is expected that Fox will continue to lead Finance and work closely with Michael O'Grady, chairman and chief executive officer, and the leadership team to help ensure continuity across the company's financial, regulatory, investor and strategic priorities. "Dave has been a trusted and valued leader whose judgment, discipline and financial stewardship have strengthened Northern Trust," said Michael O'Grady, chairman and chief executive officer. "He has played an important role in helping advance our strategy, support our clients and position the company for long-term success. We are grateful for Dave's continued leadership of Finance through this transition as we conduct a search for his successor." Since joining Northern Trust in 2012, Fox has made important contributions across the firm. As Chief Financial Officer, he has overseen Northern Trust's global financial strategy, functions and operations. Earlier, as President of Global Family and Private Investment Offices and Executive Vice President and Head of the Americas for Corporate & Institutional Services, he helped advance important wealth management and institutional businesses, bringing focus to complex client needs, strengthening business performance and supporting the company's continued growth and competitiveness. Before joining Northern Trust, Fox spent more than 25 years at JPMorgan in New York, London and Chicago, where he served in various leadership roles. Fox holds a Bachelor of Science in Foreign Service from Georgetown University and a Master of Business Administration in Finance from Columbia University's Graduate School of Business. He is a Life Trustee and former Chair of the Board of Trustees for the Goodman Theatre in Chicago and is a member of the Commercial Club of Chicago. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit Mycarrollcountynews on northerntrust.com. Follow Mycarrollcountynews on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions. Media gallery

Northern Trust
Sep 28th, 2026
Northern Trust Wealth Management expands Family Office Solutions team in New York.

Northern Trust Wealth Management expands Family Office Solutions team in New York. NEW YORK - Northern Trust Wealth Management is expanding its Family Office Solutions team in New York with the addition of Robert Ludricks III as Managing Director, Northeast Region, and Olof Akesson as Investment Director. Family Office Solutions provides ultra-high-net-worth families with institutional-grade capabilities and a dedicated team to help manage the complexities of multigenerational wealth. Built for sophisticated clients whose circumstances evolve but whose priorities endure, the flexible model coordinates investment strategy, fiduciary oversight, consolidated reporting, philanthropic advisory, family governance, risk management and lifestyle support. "Families with significant wealth increasingly face decisions that cut across their businesses, investments and long-term plans," Northeast Region President Katie Nixon said. "Bob and Olof bring complementary experience and strengthen the advice and services we offer entrepreneurs, business owners and multigenerational families in New York and across the region." Ludricks has more than 35 years of experience advising clients on investment management, wealth planning and fiduciary matters. He most recently served as Managing Director and Senior Relationship Manager at Brown Brothers Harriman. Previously, he spent nearly two decades at Bessemer Trust in senior advisory and leadership roles. Akesson's background spans more than 20 years in private markets, investment banking and client relationship management. He has spent the past decade advising single family offices, most recently as Managing Director at KABR Group. He previously held senior business development and sales leadership roles, including Managing Director at Benefit Street Partners, as well as positions at J.P. Morgan and HSBC. Northern Trust Wealth Management is a premier private bank serving affluent individuals and families, family offices, foundations and endowments, and privately held businesses. Northern Trust Wealth Management, which combines deep expertise with innovative technology and service excellence, had US$534 billion in assets under management as of June 30, 2026. The Northern Trust Company is an Equal Housing Lender. Member FDIC. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.

HTA Real Estate Ltd
Sep 18th, 2026
Northern Trust Company expands North East portfolio with double industrial estate swoop.

Northern Trust Company expands North East portfolio with double industrial estate swoop. 18th September 2026 Northern Trust Company has acquired two multi-let industrial estates in Gateshead, strengthening its portfolio in the North East. The business has snapped up Earlsway Trade Park and Derwent Court located on the established Team Valley Industrial Estate in Gateshead. The two multi-let industrial estates provide a combined 99,608 sq ft of accommodation across 21 units offering a range of industrial and trade counter space suited to businesses of varying sizes. Earlsway Trade Park includes 15 units arranged across three separate parades, with individual units ranging from 1,911 sq ft to 5,130 sq ft. Derwent Court has six industrial units arranged across two detached and two semi-detached blocks around a central courtyard, with units ranging from 5,975 sq ft to 15,148 sq ft. The acquisition takes Northern Trust's North East portfolio to more than 3.1 million sq ft across 81 separate estates. Jonathan Houghton, operations director at Northern Trust, said: "Earlsway Trade Park and Derwent Court are excellent additions to its North East portfolio and fit well with its strategy of investing in established industrial locations where there is strong and sustained demand for business space. "Team Valley is a well-established commercial location with a diverse occupier base, and these estates provide a good mix of unit sizes to meet the needs of local and regional businesses. The acquisition of these estates strengthens our presence in Gateshead and demonstrates our continued commitment to investing in and growing our North East portfolio." Douglas Cranston at HTA Real Estate, who acted for Northern Trust on the acquisition, added: "HTA Real Estate Limited were pleased to act for Northern Trust on the acquisition of Earlsway Trade Park and Derwent Court. It's a rare opportunity to acquire two such core assets on the region's premier industrial estate. "The various unit sizes offer great scope to secure a range of tenants going forward and the underlying quality of the real estate will help to ensure rental growth performance and improved returns for Northern Trust. It has been great working alongside Northern Trust in the acquisition of these assets." Steven Porter, regional property manager for the North East, said he was pleased to add the sites to its portfolio, noting: "Both estates offer a strong range of industrial accommodation and will benefit from the proactive, hands-on approach provided by our North East team."