Sr Advisor, AML Compliance

Risk Dallas, Texas


Description

Job Family: Risk

Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. 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.

Job Function: Compliance

Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the representation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. 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.

Summary of Responsibilities

The Sr. Advisor, AML Compliance is responsible for testing processes and internal controls across the Enterprise, including BSA/AML/OFAC Compliance, business units, infrastructure units, affiliates and vendors. Additionally, the Sr. Advisor, AML Compliance will assist in the creation and distribution of AML-related governance and metric reporting. The Sr. Advisor, AML Compliance responsibilities include sampling, testing and reporting BSA/AML/OFAC Compliance testing results to management to ensure that the AML and OFAC program is in compliance with Regulatory Requirements, Policy and Procedures.

Essential Functions:

  • Evaluates risk and control control effectiveness and, when necessary, makes recommendations for corrective action.
  • Modifies scripts and/or scope based on review findings.
  • Ensures management stakeholders develop and implement appropriate corrective actions on a timely basis.
  • Conducts follow-up testing to ensure corrective action has been implemented, is sustainable, and mitigates identified risk.
  • Documents and maintains the units Policy and Procedures for the BSA/AML/OFAC Compliance Testing Program.
  • Develops standard work programs and test scripts for the testing of business processes, procedures, and controls, both manual control processes and systems controls and maintain documentation and workpapers for examinations and reviews conducted.
  • Identifies potential concerns & control issues.
  • Determines the root cause of issues, documents, and makes recommendations for enhancement of controls & presents findings to management.
  • Assists in the creation and distribution of AML-related governance and metric reporting.
  • Maintains abreast of BSA/AML/OFAC legal and regulatory matters affecting BSA/AML/OFAC examination program.
  • Assists in the development and updating of Policies and Procedures related to performing and updating the BSA/AML and OFAC Risk Assessments and its methodology.
  • Maintains effective channels of communication with business unit and infrastructure leads assigned to understand BSA/AML and OFAC risks and internal control mitigants of each area.
  • Understands, monitors and incorporates the specific BSA/AML and OFAC risks and the mitigating internal controls relating to customers, products & services, and geographies for business/infrastructure units assigned.

Other Functions:

  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.
  • Other duties as assigned.

Requirements:

  • Education -
    • Bachelor's Degree: Business, Finance, or equivalent field.
    • or equivalent work experience
    • Master's Degree: Business, Finance, or equivalent field.
  • Experience -
    • 9-12 years Compliance, Legal, Regulatory, or Financial Services.
  • Skills & Abilities -
    • Advanced knowledge of AML and OFAC regulatory compliance, relevant industry regulations and regulatory data sources.
    • Demonstrated experience facilitating change to achieve measurable results.
    • Demonstrated AML and OFAC subject matter expertise
    • Detail orientated with the ability to also understand overall strategy.
    • Excellent interpersonal, supervisory, and customer service skills required.
    • Excellent written and verbal communication skills
    • Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
    • Excellent project management skills.
    • Ability to build and foster internal relationships.
    • Ability to analyze risk and design efficient control practices to minimize risk.
    • Ability to lead, influence and direct peers, subordinates and management.
    • Ability to make effective decision making on complex matters.
    • Ability to convey a sense or urgency and drive.
    • Ability to multi-task and meet strict deadlines.
    • Ability to adjust to new developments/changing circumstances.
    • Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.
    • Ability to build and foster internal and external relationships.
    • Superior analytical, problem solving and critical thinking skills.
    • Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding.


Competencies:

  • Collaboration - Relationship Management:
    • Advanced - Leading and Guiding
      • Improves relationships between key individuals to achieve seamless cross-team work flow and positively impact results
      • Uses informal networks to gain support for ideas and projects
  • Collaboration - Teamwork:
    • Advanced - Leading and Guiding
      • Brings out the best in each team member by consistently motivating and acknowledging peer contributions
      • Understands and leverages team dynamics
  • Execution - Accountability:
    • Advanced - Leading and Guiding
      • Fully accountable for timeliness, completeness, quality of projects, processes, products and services
      • Remains calm and focused on goals while facing pressures, obstacles or short-term setbacks
  • Influence - Information Sharing:
    • Advanced - Leading and Guiding
      • Ensures people receive the information they require, and brings the team together to share information
  • Influence - Two-way communication:
    • Advanced - Leading and Guiding
      • Effectively conveys difficult or complex information in an easy to understand manner, by providing the big picture and illustrating important linkages
      • Asks open-ended questions that encourage others to give their points of view

  • Risk Business Acumen - Industry Acumen:
    • Advanced - Leading and Guiding
      • Keeps up -to-date with external market events, pressures and regulations which may impact the organization and assesses whether similar issues exist in the organization
      • Can identify functional and organizational implications associated with major trends
      • Designs solutions to address industry activities that impact the organization

  • Risk Management - Knowledge of Risk Management Policies, Regulations, Processes and Procedures:
    • Advanced - Leading and Guiding
      • Monitors adherence to policies, regulations, processes and procedures within function and actively undertakes corrective action where necessary
      • Understands end to end processes across the organization and how processes are integrated
      • Has a practical knowledge of regulations impacting area supported

  • Risk Management - Risk and Compliance Adherence:
    • Advanced - Leading and Guiding
      • Ensures that all directs and colleagues have appropriate knowledge of risk and the regulatory environment
      • Investigates and identifies the root cause and corrects items deemed non-compliant, regardless of pressures from business or management


Working Conditions:

  • Frequently: Minimal physical effort such as sitting, standing, and walking.
  • Occasional moving and lifting of 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’s Rights:

  • This job description does not list all the duties of the job.  You may be asked by your supervisors or managers to perform other duties.  You will 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 employment at any time, for any reason.

Employees desiring consideration should complete an online application, utilizing the appropriate process as subscribed by the posting entity. Employees should provide all pertinent information to support their candidacy.

To be considered eligible for internal posting, Santander employees must meet all of the following eligibility requirements:

  • Completion of at least one year of active service in Santander
  • Completion of at least twelve months in current position
  • Be in “Good Standing”   

Please click here to see the full policy - https://tbcdn.talentbrew.com/company/1771/internal_v2_0/img/eligibility.pdf

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.