Sanctions Compliance - Senior Analyst at Santander

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience in Finance, Business, or equivalent field - Required
3+ Years in Compliance, Legal, Regulatory, or Financial Services - Preferred
Ability to summarize, document, and communicate information in a clear and concise manner
Ability to build and foster internal relationships
Ability to maintain strict confidentiality
Excellent collaboration, presentation, and organizational skills
Strong verbal, problem solving, and critical thinking skills
Ability to function in deadline intensive environment while managing competing priorities
Excellent ability to work independently with limited direction
Outstanding written communication skills
Strong MS Office (Excel, PowerPoint, Word, Visio, and Outlook) skills
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education - Preferred
Experience in Microsoft Office products - Preferred

Responsibilities

Responsible for Sanctions Compliance’s Second Line tasks and responsibilities to ensure the Company/AML and OFAC program is in compliance with Regulatory Requirements, Policy, and Procedures
Facilitates with the planning, drafting, execution/gathering documentation and reporting of Audits and regulatory assessments
Prepares reports and presentations by collecting, analyzing, and summarizing information
Maintains strong rapport with business line personnel by ensuring continuing contacts and actively working to address concerns
Aids in the drafting, development, and maintenance of Policy and Procedures while performing the necessary risk and gap analysis
Partners with various subsidiaries and internal lines of business to ensure compliance and cohesion with all bank processes, policies, and regulations
Actively engages in vendor management and oversight functions as assigned
Actively engages in Issue Management functions with strict attention to detail and deadlines while enforcing organizational standards
Provides well-analyzed and defined recommendations on process improvements to the Sanctions team
Assists in conducting risk assessments, building process maps on business and operational processes, and proposing action plans
Communicates process strengths and weaknesses to management, collaborates regularly with internal stakeholders, and aids in development of mitigation plans

Skills

Sanctions Compliance

AML

OFAC

Regulatory Compliance

Risk Analysis

Gap Analysis

Policy Development

Audit Reporting

Issue Management

Vendor Management

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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