AML Advisory Senior Associate - Hybrid - Boston, MA

AML Advisory Senior Associate - Hybrid - Boston, MA

Country: United States of America

Your Journey Starts Here:

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

Job Description:

The AML Advisory Senior Associate serves as an AML subject matter expert for the ongoing oversight of BSA / AML and OFAC risk across assigned business areas, and ensures appropriate controls are developed, appropriately designed, implemented and effective in mitigating such risks.

Reporting to the Director, AML Advisory and Oversight within the BSA/AML and OFAC Advisory team, the Senior Advisor will ensure business processes address regulatory, legal and enterprise policy requirements and will assess emerging risks, both internal and external and the impact to business processes and controls.

This role will perform risk assessments, oversee the identification, root cause analysis and remediation of identified findings and provide recommendations to management that influence business solutions. 

The Difference You Make:

• Oversee the management of BSA / AML and Sanctions Risk within assigned business areas. 

• Function as subject matter expert on BSA / AML and Sanctions and line of business processes in support of AML Compliance administrative documents, models, and risk and other assessments. 

• Engage and execute management routines to stay informed of business activities, control status, issues, and ongoing performance. 

• Assess the BSA / AML and Sanctions risk associated with business processes and technology.

• Evaluate controls in place to ensure continuous compliance measures with laws, regulations, and policies. 

• Develop and maintain oversight reporting to AML Compliance management for assigned areas including escalation of materials risks and issues. 

• Support BSA / AML and Sanctions Internal Audit and Regulatory Examination reviews. 

• Execute the BSA / AML and Sanctions Risk Assessment for assigned business areas. 

What You Bring:
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. - Required.
• Master's Degree Finance, Business, or equivalent field. - Preferred.

Experience: 9+ Years Compliance, Legal, Regulatory, or Financial Services. - Required.

Certifications: Certified Anti-Money Laundering Specialist - Preferred

Experience & Skills:

• Advanced knowledge of BSA, USA PATRIOT Act, and OFAC Sanctions regulatory requirements. 

• Experience monitoring and assessing money laundering and sanctions risk in a retail and commercial banking environment. 

• Experience planning, executing, and reporting on compliance monitoring and assessment activities.

• Strong analytical skills with the ability to identify detailed compliance and project risks while simultaneously understanding overall strategy. 

• An initiative-taking self-starter who is adaptive and skilled at navigating the complexities associated with cross-functional projects and large organizations.

• Proven success in working both independently and collaboratively. 

• Excellent at managing multiple projects and consistently meeting deadlines. 

• Excellent people skills with experience building strong relationships with a variety of internal and external stakeholders (including examiners and auditors). 

• Excellent communication skills, both written and verbal, interacting with non-executive and executive management across business lines