Job Description

Sr. Associate, AML Compliance- Corporate & Investment Banking at Santander Holdings USA Inc summary:

The Sr. Associate, AML Compliance in Corporate & Investment Banking is tasked with overseeing AML investigations, ensuring adherence to BSA/AML regulations, and conducting risk assessments for high-risk customers. This role involves developing models for identifying hazardous transactions, collaborating with law enforcement, and providing regulatory guidance to various stakeholders. With over nine years of experience, the incumbent serves as a subject matter expert in compliance risk, enhancing the company's operational integrity and minimizing exposure to risk.

Sr. Associate, AML Compliance- Corporate & Investment Banking

New York, United States of America

The Sr. Associate, AML Compliance is responsible, as assigned by management, for various operations including AML investigations, SAR filing, enhanced due diligence processes, high-risk customer surveillance, special investigations, and OFAC compliance. The incumbent will work as a subject matter expert supporting the Firms AML/Compliance Team to ensure compliance with Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) related regulations, Office of Foreign Assets related regulations and the USA PATRIOT Act.

Job Description

• Monitors activities to minimize the company's exposure to risk.
• Activities may include quantitative analysis, risk identification and remediation.
• Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards.
• Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

Essential Functions/Responsibility Statements:

• Develops models, metrics, and controls that the company utilizes to identify potential hazardous transactions.
• Serves as a subject matter expert (SME) on AML policy and procedures to the business; provides direction and guidance to employees on appropriate remediation action for high risk accounts.
• Coaches AML Analysts who analyze and research high level customer relationships using all available resources.
• Interacts with various stakeholders within the organization and externally with law enforcement to gather critical information for decision making.
• Serves as a Subject Matter Expert (SME) participating in multiple projects both within the unit and company-wide.
• Detects suspicious trends and activity by monitoring transactions through various systems/applications and formulating suspicious activity reports.
• Provides accurate documentation of account activity, formulates suspicious activity reports on the most complex cases and enhanced due diligence decisions, and recommends appropriate risk-based business actions to be taken.
• Collaborates with complex business units and provides compliance risk expertise and consulting for projects and initiatives with high risk to identify and mitigate regulatory risk.
• Consults with business to develop corrective action plans and effectively manage change to ensure regulatory compliance.
• Provides regulatory guidance as needed.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

• Bachelor's Degree or equivalent work experience: Finance, Business or equivalent field. Req
• Master's Degree Finance, Business, or equivalent field. Pref

Work Experience:
9+ Years Compliance, Legal, Regulatory, or Financial Services. Req

Skills and Abilities:

• Demonstrated subject matter expertise in quantitative modeling. statistical analysis, and quantitative theory.
• Demonstrated experience with large databases and database design.
• Advanced knowledge of statistics and numerical techniques.
• Excellent interpersonal, supervisory, and customer service skills required.
• Excellent written and verbal communication skills
• Excellent project management skills.
• Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
• Ability to build and foster internal relationships.
• Ability to identify risk and develop/design efficient practices to mitigate risk.
• Ability to lead, influence and direct peers, subordinates and management.
• Ability to make effective decision making on complex matters.
• Ability to convey a sense or urgency and drive.
• Ability to multi-task and meet strict deadlines.

EEO Statement: At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

Primary Location:  New York, NY, Madison Ave Corp

Other Locations:  New York-New York

Organization:  Banco Santander S.A.

Salary: $90,000 - $165,000/year

Keywords:

AML Compliance, Corporate Banking, Investment Banking, Risk Management, BSA Regulations, Financial Compliance, Customer Surveillance, Anti-Money Laundering, Regulatory Risk, Due Diligence

Job Tags

Contract work, Work experience placement,

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