MiFID Regulatory Reporting at Santander

Boadilla del Monte, Community of Madrid, Spain

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, Investment BankingIndustries

Requirements

Senior profile with 5-7 years’ experience
Extensive knowledge and experience in areas of Operations, Middle Office, Audit, Internal Control, Compliance
Experience in analytics tools like SQL, Office 365
Degree in Business Administration and Management, Economics, Law, Engineering, Data analysis, Computing science or similar
C1 English level
Knowledge on Financial Products
Knowledge of the Bank’s systems and analytical capacity of processes, controls and risk detection

Responsibilities

Ensure proper compliance with the reporting requirements. In the event of non-compliance with any requirement, analysis of the impacts caused and assessment of possible alternatives. Management of solutions with relevant stakeholders
Attend to requirements and consultations of regulators. Provide action plans in case of identification of gaps and/or incidents and commitment dates for resolution. Monitoring of the situation point of the commitments acquired and in the case of identifying risks, communication to the areas of compliance
Identification of improvements in regulatory reporting process and the defined control model. Adaptation of regulatory reporting to regulatory changes and new products negotiated by the Bank and identification of reporting impacts arising from migrations and/or modifications of Bank systems. Management of these changes with project and IT teams
Interaction with the different Clients to which reporting services are provided (Spain, London, New York and Asia Pacific). Ensure compliance with the service level with each of the units
Support BAU team on BAU tasks, promoting a good work environment and a high motivation of each team member

Skills

MiFID

Regulatory Reporting

Compliance

Risk Management

Stakeholder Management

Regulatory Consultation

Incident Analysis

Action Plans

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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