Santander

AML Advisory Senior Associate - Hybrid - Boston, MA

Santander

full-time

Posted on:

Origin:  • 🇺🇸 United States • Massachusetts

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Salary

💰 $93,750 - $165,000 per year

Job Level

Senior

About the role

  • 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.
  • What You Bring: 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.

Requirements

  • Bachelor's Degree or equivalent work experience: Finance, Business, or equivalent field. - Required.
  • Master's Degree Finance, Business, or equivalent field. - Preferred.
  • 9+ Years Compliance, Legal, Regulatory, or Financial Services. - Required.
  • Certified Anti-Money Laundering Specialist - 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.
  • 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 and control functions.
  • Excellent presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
  • Demonstrated experience facilitating change to achieve measurable results.