Associate, AML Compliance

Associate, AML Compliance

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!

The Difference You Make:
The Advisor – AML Risk Assessment serves as a subject matter expert for the conduct of scheduled and ad-hoc assessments of BSA / AML and OFAC risk across lines of business and an assessment of controls in place to mitigate such risks. Reporting to the Deputy BSA/AML Officer within the BSA/AML and OFAC Advisory team, the Advisor will ensure the assessments address regulatory, legal and enterprise policy requirements, emerging risks and trends and the impact to such risk driven by supporting controls. This role will perform risk assessments, synthesize analyses, identify root cause(s), and provide recommendations to management that influence business solutions

• Plan, manage, and execute the annual risk assessment process that assesses the BSA/AML and Sanctions compliance risk across the bank including all lines of business. This process identifies the inherent level of compliance risks, assesses the effectiveness of related controls, and determines the residual compliance risk levels. 

• Conduct ad-hoc assessments to document Santander’s exposure to emerging risks and trends and the status of existing, or need for creation of, supporting controls for mitigation. 

• Support other risk assessments and analysis as requested. 

• Analyze both qualitative and quantitative data and generate thematic observations and strategic recommendations.  

• Prepare written reports for a variety of stakeholders, including executive-level reporting for regularly scheduled Compliance Committee meetings. 

• Document and organize supporting evidence. 

• Design and execute governance routines to enhance efficiency and quality.

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.

Bachelor's Degree or equivalent work experience: Finance, Business or equivalent field. - Required.

5+ Years Compliance, Legal, Regulatory, or Financial Services. - Preferred.

• 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.