Client Lifecycle Management - Transaction Driven Financial Crime - Analyst

Santander Bank, N.A. is a global leader in financial services and is evolving into a technology-driven organization. The Analyst role is responsible for managing the Screening, Transaction Monitoring, and Trade Finance processes to ensure compliance with anti-money laundering and financial crime regulations while supporting business lines and clients through the lifecycle processes.

Responsibilities

• Conduct alert reviews and investigations and request additional information from applicable stakeholders as necessary
• Perform Quality Assurance on false positives and communicate deficiencies to the appropriate party
• Keep abreast of new rules and AML typologies relating to specific business lines
• Escalate alerts to Compliance 2LOD as necessary
• Analyze existing and proposed legislation, regulatory announcements, and industry practices for compliance requirements, and implements procedures to meet these requirements for applicable business units
• Assess procedures and policies to ensure the business units are in compliance with standard regulatory and policy requirements
• Coach and review work of junior colleagues
• Collaborate with teams on projects and program tasks intended to improve compliance and enhance the control environment
• Evaluate controls in place to ensure continuous compliance measures with laws, regulations and policies affecting the organization, recommends process improvements to management
• Identify systemic procedural weaknesses and additional training requirements needed to ensure compliance
• Prepare drafting of policy and procedural documentation when control changes are made
• Validate controls or project plans to ensure compliance with laws, rules and regulations
• Act as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members
• Develop and implement Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to measure the effectiveness and efficiency of AML controls
• Create and maintain dashboards and reports to provide management with a clear, data-driven view of the trade finance AML landscape
• Perform research, analyze relevant compliance-related information, and make recommendations on necessary procedural/control changes on more complex compliance matters
• Assist with the planning, execution/gathering documentation, and reporting of audits/security assessments
• Support management in the day-to-day efforts related to compliance with laws, rules, regulations, and related policies
• Research regulations by reviewing regulatory bulletins and other sources of information
• Maintain rapport with regulatory personnel by arranging continuing contacts, resolving concerns
• Prepare reports by collecting, analyzing, and summarizing information
• Identify and report on changing trends in methods used by fraud perpetrators
• Maintain quality service by establishing and enforcing organization standards
• Assist with the development, implementation, and maintenance of Compliance controls
• Partner with various lines of business to ensure compliance with all commercial compliance laws, regulations and provide ongoing regulatory guidance
• Review existing compliance controls for regulatory updates and performs the necessary gap analysis
• Create and maintain various internal and external audit and compliance schedules
• Assist with conducting risk assessments on business and operational processes, procedures, and policies; analyzes results and makes recommendations on the adequacy and reliability of controls
• Prioritize and control projects based on severity of risk and non-compliance
• Communicate control strengths and weaknesses to internal audit and compliance and collaborates with internal audit to develop migration plans
• Develop and implement Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to measure the effectiveness and efficiency of AML controls
• Create and maintain dashboards and reports to provide management with a clear, data-driven view of the trade finance AML landscape
• Perform comprehensive Know Your Customer (KYC) checks during a trade finance transaction
• Conduct enhanced due diligence reviews for high-risk clients or complex transactions, especially those involving high-risk jurisdictions or dual-use goods
• Perform secondary risk assessments on trade finance clients and transactions to align with the company's risk appetite
• Adhere strictly to internal AML policies and procedures, as well as relevant federal and state laws, such as the Antiboycott Law, Bank Secrecy Act (BSA), and the PATRIOT Act
• Ensure compliance with global sanctions regimes, including screening against the OFAC sanctions list
• Serve as the primary liaison with the Second Line of Defense on risk-related matters
• Act as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members
• Review existing compliance controls for regulatory updates and performs the necessary gap analysis
• Create and maintain various internal and external audit and compliance schedules
• Assist with conducting risk assessments on business and operational processes, procedures, and policies; analyzes results and makes recommendations on the adequacy and reliability of controls
• Prioritize and control projects based on severity of risk and non-compliance
• Communicate control strengths and weaknesses to internal audit and compliance and collaborates with internal audit to develop migration plans
• Develop and implement Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) to measure the effectiveness and efficiency of AML controls
• Create and maintain dashboards and reports to provide management with a clear, data-driven view of the trade finance AML landscape

Skills

• 1+ years in AML/KYC roles - REQUIRED
• Bachelor's Degree or equivalent work experience
• AML, BSA, ACAMS, KYC/Compliance/AML, TDFC procedures and standards, Financial industry with in-depth expertise in various lines of business, securities, escrow, derivatives, loans, EMIR, Dodd Frank, MiFID
• Advanced Microsoft Office (Excel, Word, PowerPoint, Outlook) skills
• Ability to read, analyze and interpret government regulations, trade journals and legal documents
• Ability to effectively and clearly communicate instructions to others, summarize and articulate issues, and document findings in a clear and concise manner
• Strong project management skills
• Attention to detail and ability to manage multiple priorities
• Sound judgment in decision-making and risk assessment
• Ability to drive innovation and continuous improvement in compliance processes
• Desired but not required - ACAMS
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education
• Experience in Microsoft Office products

Benefits

• Fair and competitive rewards package
• Benefits are designed to support you, your family and your well-being

Company Overview

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