AML Program Governance - Senior Associate

AML Program Governance - Senior Associate

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 Senior Associate will help manage a variety of governance routines and activities across the BSA/AML and OFAC team. Reporting to the BSA/AML and OFAC team’s Chief of Staff and Transformation, this person will coordinate and streamline cross-functional efforts related to the BSA/AML and OFAC team’s involvement in state and federal regulatory exams as well as internal audits. This person will also manage the vendor oversight lifecycle for both onshore and offshore vendor support, focusing on enhanced vendor efficiency and effectiveness. In addition, this person will support other governance routines and activities as necessary based on evolving priorities and in support of cross-functional strategic initiatives. 

• Maintain current knowledge of relevant state and federal BSA/AML and OFAC laws and regulations. 

• Manage key processes across the vendor oversight lifecycle, including but not limited to: vendor identification, vetting and selection, internal approvals and onboarding, ongoing oversight (e.g., communicating expectations, forecasting and tracking, providing directional guidance, reviewing work product, and evaluating performance to ensure high-quality standards – in accordance with regulatory expectations - are met), and offboarding. 

• Develop assumption-based capacity and execution forecasts and track project progress against such forecasts, adjusting as necessary when assumptions change and/or more information becomes available. 

• Obtain and organize vendor and project documentation in anticipation of requests for information and analyses from state and federal regulators as well as internal groups such as Third-Party Risk Management and Internal Audit. 

• Manage key processes across the state, federal, and Internal Audit examination lifecycle, including but not limited to: liaising with cross-functional stakeholders to coordinate, assign, and provide requests for information and analyses; conducting ongoing oversight (e.g., tracking, providing directional guidance, reviewing responses and artifacts to ensure high-quality standards – in accordance with regulatory expectations - are met, conducting preliminary validation of remediation efforts). 

• Support other governance routines and activities as necessary based on evolving priorities and in support of cross-functional strategic initiatives. 

• Report to management on status including strategic insight related to risks and opportunities. 

• Collaborate with cross-functional stakeholders on a variety of complex matters across the vendor oversight and examination management lifecycle, promptly providing relevant information, expertise, and solutions to challenges that arise. 

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.

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

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

• Experience planning and executing complex projects including those involving vendor support. 

• Experience across the vendor oversight lifecycle, from identification and selection to performance evaluation. 

• Experience across the examination management lifecycle, from coordinating with cross-functional partners to interaction with regulatory examiners and validation of remediation efforts. 

• Strong analytical skill