AML BSA OFAC Compliance & Operations Senior Analyst - Hybrid Boston, MA or Dallas, TX

AML BSA OFAC Compliance & Operations Senior Analyst - Hybrid Boston, MA or Dallas, TX at Santander Holdings USA Inc summary:

The AML BSA OFAC Compliance & Operations Senior Analyst plays a critical role in monitoring and ensuring compliance with financial regulations, particularly related to AML and OFAC. This hybrid position requires strong analytical skills to assess risks and implement process controls, while liaising with various business units to maintain compliance standards. The ideal candidate should possess technical expertise in compliance tools and a solid understanding of regulatory requirements.

AML BSA OFAC Compliance & Operations Senior Analyst - Hybrid Boston, MA or Dallas, TX

Boston, United States of America

AML BSA OFAC Compliance & Operations Senior Analyst - Hybrid - Boston, MA

Ideal candidate must have technical skills working with AML or OFAC systems and knowledge of financial regulations, transaction monitoring, and risk assessment to screen sanction compliance. The candidate needs to be more focused on system and process control development and testing.

This is a hybrid position where you'll work three days a week in office . The position can be either in our corporate offices in Boston, MA - State Street or Dallas, TX - Thanksgiving Tower.

Job Description:

• Monitors activities to minimize the company's exposure to risk.
• Activities may include quantitative analysis, risk identification and remediation.
• Executes testing of systems to confirm compliance with regulatory and internal requirements
• Represents or supports the representation of AML Compliance in AML and cross functional projects to assess risk and develop and test system and process controls.
• 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:

• Performs research, analyzes relevant compliance-related information, and makes recommendations on necessary procedural/control/system changes on more complex compliance matters.
• Reviews project documentation to assess and determine impact to AML or OFAC compliance and systems.
• Develops technical and business requirements to support AML and OFAC tools and systems.
• Develops and executes ongoing testing of AML Compliance and OFAC tools to meet business requirements and ensure regulatory compliance.
• Supports the model development team with necessary documentation and testing of systems/tools.
• Supports and troubleshoots identified issues and system outages partnering with technology.
• Represents AML Compliance in cross functional project meetings.
• Supports management in the day-to-day efforts related to compliance with laws, rules, regulations, and related policies.
• Develops and where appropriate automates reports by collecting, analyzing, and summarizing information.
• May act as a business analyst or project manager for projects with BSA / AML or OFAC impact
• Maintains quality service by establishing and enforcing organization standards.
• Assists with the development, implementation, and maintenance of Compliance controls.
• Partners with various lines of business to ensure compliance with AML and OFAC regulatory requirements.
• Reviews existing compliance controls for regulatory updates and performs the necessary gap analysis.
• Assists with conducting risk assessments on business and operational processes and tools/systems.
• Communicates control strengths and weaknesses to management.
• Assists in the design and enhancement of internal controls.

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.

Work Experience:
3+ Years Compliance, Legal, Regulatory, or Financial Services.

Skills and Abilities:

• Demonstrated practical and theoretical knowledge of risk and compliance principles, concepts and policies.
• Advanced quantitative capabilities and analytical skills, including an investigative mindset.
• Ability to summarize, document, and communicate information in a clear and concise manner.
• Ability to manage projects across a diverse group of stakeholders.
• Ability to manage contract resources to achieve objectives.
• Ability to communicate instructions effectively and clearly to others, summarize and articulate issues, and document findings in a clear and concise manner.
• Ability to stay abreast of industry best practices, procedures, and techniques.
• Ability to work independently as well as collaboratively within a team environment.
• Ability to build and foster internal relationships.
• Ability to function in deadline intensive environment, managing multiple responsibilities while effectively focusing on priority issues.
• Ability to maintain strict confidentiality.
• Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills.
• SAS/Python a plus
• Excellent analytical, communication, presentation, organizational and problem-solving skills.
• Strong problem solving and critical thinking skills.
• Strong verbal and written communication skills.
• Strong communication, interpersonal and negotiation skills.
• Experience in AML or OFAC systems preferred.

EEO Statements:

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status, or any other characteristic protected by law.

 

Working Conditions:

Frequent Minimal physical effort such as sitting, standing, and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

 

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

Primary Location:  Boston, MA, Boston

Other Locations:  Massachusetts-Boston,Texas-Dallas

Organization:  Santander Holdings USA, Inc.

Salary: $52,500 - $87,500/year

Keywords:

AML, BSA, OFAC, compliance, risk assessment, transaction monitoring, financial regulations, analytical skills, process controls, SQL