Associate, Investment Supervision at Santander

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience in Sales Supervision, Compliance, Risk or equivalent field - Preferred
5+ Years Sales Supervision, Compliance, Audit, or Regulatory experience required - Required
Strong analytical background with the ability to analyze and summarize findings in a concise and clear format
Detail oriented and possess high ethical standards
Knowledge/experience in trading and investments
Ability to operate independently within guidelines, policies, directives and established precedence
Strong technical skills, particularly with respect to Microsoft Excel
Genuine interest in and understanding of financial markets
Familiarity with a broad range of asset classes, including derivatives
Intellectual curiosity and problem solving skills
Strong communication skills and the ability to interact confidently with others
Ability to work independently with minimal supervision, while also maintaining appropriate levels of collaboration and cooperation with other team members
Sensitivity and tact must be especially evident in the performance of trade monitoring

Responsibilities

Identifies, evaluates and documents trades for suitability in accordance with FINRA rules and industry regulations
Reviews and assesses suitability associated with new accounts and/or products
Escalates Supervisory issues, as necessary to Supervisory Directors in the field, providing relevant recommendations as to the appropriate actions to be taken
Partners with Supervisory Directors in the field to help them resolve exceptions in a timely manner
Reviews transaction exceptions reports using rules based processes and close noted trade alerts
Raises inquiries for suspicious trades and communication red flags, conduct research independently and deeply, and communicate in accordance with the established procedure, and ensure timely closure of identified surveillance issues
Works with Compliance, Operations and other Santander functions closely to research industry trends and peer practice, and continue improving our review process effectiveness
Develops knowledge of financial markets, asset management and financial regulations in order to build a deep understanding of investment/trading risks
Provides backup coverage and cross-train others

Skills

Key technologies and capabilities for this role

FINRAtrade suitabilityregulatory compliancetrade reviewnew account reviewtrade blotterexception reportssupervisory escalationsuspicious trades

Questions & Answers

Common questions about this position

What is the salary range for the Associate, Investment Supervision role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What qualifications and skills are required for this role?

A Bachelor's Degree or equivalent work experience in Sales Supervision, Compliance, Risk or equivalent field is required. The role demands the ability to identify, evaluate, and document trades for suitability per FINRA rules, review new accounts and trade activity, escalate issues, and conduct independent research on suspicious trades.

What is the company culture like at Santander?

Santander fosters an enriching environment focused on continuous learning, personal growth, collaboration with talented global colleagues, engagement, and commitment to employee success.

What makes a strong candidate for this position?

Strong candidates will have a Bachelor's Degree or equivalent experience in Sales Supervision, Compliance, or Risk, along with the ability to perform essential duties like evaluating trade suitability under FINRA rules, reviewing accounts, escalating issues, partnering with field directors, and conducting independent research.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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