Compliance Sr Analyst I at Santander

Frankfurt, Hesse, Germany

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

(Details are missing from the provided text. Further information would be needed to list specific requirements.)

Responsibilities

Assisting the MLRO in managing the AML, CTF, and Sanctions risk framework
Overseeing the implementation of monitoring and screening tools, ensuring systems meet local regulatory requirements, and updating relevant manuals and procedures
Providing model and technology advisory support for FCC models
Performing 2nd Line model oversight and reviews
Receiving escalations relating to complex AML, CTF, and Sanctions risk cases
Providing advice and recommendations on next steps for higher risk cases
Ensuring that FCC policies and guidance align with Global documents and current legal and regulatory requirements
Maintaining FCC Policies, Standards, Protocols, Waivers, and Dispensations
Providing guidance and training to the first line of defence on policy implementation
Developing and delivering FCC training and awareness programs
Recommending and implementing actions to mitigate financial crime risks
Contributing towards establishing Risk Appetite thresholds
Contributing to change management programs and internal Policy development as an FCC subject matter expert
Developing relevant MI and reporting
Supporting the MLRO with the management and implementation of FCC control changes / improvements
Supporting Financial Crime Risk Assessments

Skills

AML

CTF

Sanctions

Compliance

Risk Framework

Monitoring Tools

Screening Tools

Model Oversight

Regulatory Compliance

FCC Policies

Training

Risk Assessment

MI Reporting

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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