Client Lifecycle Management - Transaction Driven Financial Crime - Associate

Client Lifecycle Management - Transaction Driven Financial Crime - Associate

Country: United States of America

It Starts Here:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.  This is more than a strategic shift.  It’s a chance for driven professionals to grow, learn, and make a real difference.

If you are interested in exploring the possibilities We Want to Talk to You!

The Difference You Make:

Essential Functions/Responsibility

Responsible for the end-to-end Screening, Transaction Monitoring, and Trade Finance processes (collectively as Transaction Driven Financial Crime (“TDFC”)) and policies of US Santander Corporate and Investment Bank (SCIB).  Objectives are to 1) ensure compliance with anti-money laundering (AML), anti-bribery and corruption, anti-financial crime (AFC), anti-boycott, and various regulatory standards and 2) support the Business Lines and Clients through the onboarding and ongoing lifecycle processes.  

Responsible for supporting TDFC execution in accordance with the Bank compliance policies and procedures. The role plays an important part liaising between external clients, and stakeholder groups involved in the delivery of TDFC processes.

A single point of contact to interact with Business to ensure compliance with TDFC and regulatory requirements. Exhibiting the highest standards of internal stakeholder engagement with transparency and focus on the internal stakeholder experience. 

Job Function Description

In this position, your goal is to deliver superior service by efficiently and accurately assessing applicable requirements for TDFC.  You will manage the alert /transaction review process end to end, in partnership with global teams for compliance with global/local regulations and jurisdictions, and policy.
You will use internal and external systems and tools to gather information to undertake a risk-based assessment of TDFC alerts or cases.
You will conduct internal stakeholder outreach for missing information and validate the provided documentation for completeness.

Key Responsibilities

Transaction Monitoring:

Conduct alert reviews and investigations and request additional information from applicable stakeholders as necessary.

Perform Quality Assurance on false positives and communicate deficiencies to the appropriate party.

Keep abreast of new rules and AML typologies relating to specific business lines.

Escalate alerts to Compliance 2LOD as necessary.

Analyze existing and proposed legislation, regulatory announcements, and industry practices for compliance requirements, and implements procedures to meet these requirements for applicable business units.

Assess procedures and policies to ensure the business units are in compliance with standard regulatory and policy requirements.

Coach and review work of junior colleagues.

Collaborate with teams on projects and program tasks intended to improve compliance and enhance the control environment.

Evaluate controls in place to ensure continuous compliance measures with laws, regulations and policies affecting the organization, recommends process improvements to management.

Identify systemic procedural weaknesses and additional training requirements needed to ensure compliance.

Prepare drafting of policy and procedural documentation when control changes are made.

Validate controls or project plans to ensure compliance with laws, rules and regulations.

Act as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.

Develop and implement Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to measure the effectiveness and efficiency of AML controls.

Create and maintain dashboards and reports to provide management with a clear, data-driven view of the trade finance AML landscape.

Screening:

Perform research, analyze relevant compliance-related information, and make recommendations on necessary procedural/control changes on more complex compliance matters.

Assist with the planning, execution/gathering documentation, and reporting of audits/security assessments.

Support management in the day-to-day efforts related to compliance with laws, rules, regulations, and related policies.

Research regulations by reviewing regulatory bulletins and other sources of information.

Maintain rapport with regulatory personnel by arranging continuin