Sr. Associate, AML Compliance- Corporate & Investment Banking

Sr. Associate, AML Compliance- Corporate & Investment Banking

Country: 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 e