Associate, AML Compliance – Data AnalyticsDorchester, United States of America

WHAT YOU WILL BE DOING

The Associate, AML Compliance is primarily responsible for ensuring the company complies with all BSA/AML regulatory requirements and internal policy and procedures. S/he undertakes standard reviews and escalates to senior staff where non-compliances are identified.

As part of a team S/he will work in a strategic area performing data mining, data quality and other business analysis that the Bank uses on a regular basis to identify potential transactions related to Money Laundering activities. The candidate will assist in the management of all AML data used across the Financial Intelligence Unit as well as perform analytics across AML processes including the development of AML Key Risk Indicators, Key Data Elements, AML Risk Profile Reports and production of various periodic and ad hoc analyses and reporting used at all levels of the organization.

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.

Essential Functions/Responsibility Statements:

  • Undertakes standard reviews and escalates to senior staff where non-compliances are identified.
  • Identifies systemic procedural weaknesses and additional training requirements needed to ensure compliance.
  • Evaluates controls in place to ensure continuous compliance measures with laws, regulations and policies affecting the organization, recommends process improvements to management.
  • Collaborates with team on projects and program tasks intended to improve compliance and enhance the control environment.

    • Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    Education: Bachelor’s Degree or equivalent work experience

    Work Experience: 5-9 years; Compliance, Legal, Regulatory, or Financial Services.

    Skills and Abilities:

  • Applicants should have extensive experience in database architecture, with a solid understanding of data mining techniques and SAS Programming.
  • Experience in data management, architecture, and infrastructure; Experience in data management and database design/development and Data Mining
  • Practical knowledge of corporate regulatory requirements, and factors influencing the business in which the Corporation operates.
  • Practical knowledge of key business control areas (Audit & Risk Review, Risk Management, Finance, Human Resources, and Legal) and governmental regulatory agencies.
  • Ability to resolve complex situations with internal clients and regulators, while maintaining a professional presence.
  • Ability to quickly respond to inquiries from regulatory agencies, internal partners, and external consultants.
  • Ability to read, analyze and interpret government regulations, trade journals and legal documents
  • Ability to effectively deal with senior management as well as, Federal/State and other Regulators
  • Ability to work cross-functionally as a team player.

    • Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

    Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

    Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting 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 Rights: Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may 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 at any time for any reason.