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Sr. Analyst, Compliance Testing

Company: Santander Holdings USA Inc
Location: Plano
Posted on: November 24, 2022

Job Description:

Sr. Analyst, Compliance TestingDorchester, United States of AmericaWHAT YOU WILL BE DOINGThe Sr. Advisor, Compliance Testing role is part of the second line of defense Compliance Testing ("CT") team for the Santander U.S. Compliance Testing Unit. The CT team is responsible for assessing compliance risks and controls implemented by the business and functional areas. The testing will focus on AML, BSA and OFAC regulatory requirements, controls and processes related to banking products, banking processes, onboarding of customers and the second line of defense AML Compliance functions. -The role will review of policies and procedures and performing independent testing activities (testing and on-going monitoring) to assess the design and effectiveness of key processes and controls designed to address compliance BSA/AML and OFAC risk; KYC, CIP, EDD, CDD, escalation of potential suspicious activity, OFAC, reporting and escalating control issues (1st line and 2nd line (RCSA) and any violations of laws or breaches of BSA/AML and OFAC enterprise wide policy; and validating adequacy of remediation taken to address reported issues. -Responsibilities:Testing LOB BSA/AML and OFAC policy and procedures and processes:

  • Documenting test scope and objectives associated with the review and the control activities being tested.
  • Create testing scripts and conduct fieldwork (review of policies and procedures and perform transactional testing)
  • Hold weekly meetings with the LOB during testing to clarify processes and present results of testing to date (including receipt and review of responses from the LOB.
  • Preparing -test presentations that effectively communicate testing results (findings and observations), root cause and recommendations.
  • Hold Preliminary Exit Meeting and Exit Meetings with the LOB and Key stakeholders where agreement on issues occur, review ratings and recommendations are finalized.
  • Prepare, write and provide Final Reporting CTU findings to appropriate stakeholders and defining management actions plans with stakeholders to address findings.
  • Tracking CTU findings from discovery to remediation and conducting validation of management actions plans.Contributing to the development, implementation, and execution of the compliance testing, reporting programs and CTU Plan.Developing and executing the CTU Plan to monitor for compliance with rules, laws, and regulations.Participating in the development and enhancement of the CTU Methodologies and Standards for testing, monitoring, and reporting.Developing effective relationships within CTU and with other stakeholders including business and technology process owners and Internal Audit.Promoting knowledge sharing and promulgation of best practices across CTU and the business.Identifying industry best practices and sharing insight with the CTU team on a regular basis.Informing Compliance management of significant compliance matters that require their attention or action.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 experienceWork Experience:
    • 3+ years ; Compliance, Legal, Regulatory, or Financial Services.
    • 3+ years of experience conducting regulatory exams, auditing, AML/BSA OFAC or Quality Control/Quality Assurance testing or completing risk assessments within major banks around Sales, Trading, Research and BankingSkills and Abilities:
      • Extensive knowledge of BSA/AML And OFAC compliance-related laws, rules, regulations, and risks.
      • Experience in planning, executing (including assessment of Policies and Procedures and creating testing scripts).and reporting on AML/BSA and OFAC compliance testing reviews and regulatory issue validation activities
      • Knowledge and experience with auditing principles including test planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities.
      • Understanding of BSA/AML OFAC rules, laws, and regulations, and specific regulatory requirements impacting financial services.
      • Awareness of regulatory developments promulgated by federal and state regulators, as well as securities, banking and futures regulators.
      • Strong interpersonal skills and experience building strong relationships with stakeholders and engaging teams.
      • Effectiveness in working within a large scale and complex matrix organization.
      • Excellent oral communication and writing skills, especially when interacting with non-executives and executive management across a number of business lines and control functions.
      • Must be a self-starter, flexible, innovative and adaptive.
      • Highly motivated, strong attention to detail, team oriented, and organized.
      • Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
      • Ability to work collaboratively with regional and global partners in other functional units.
      • Experience in managing regulatory exams and relationships with examiners, auditors, etc.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.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. Bachelor of Science (BS) English

        Primary Location: -Dorchester, Massachusetts, United States of America
        Other Locations: -Massachusetts-Dorchester,Texas-Dallas
        Organization: -Santander Bank N.A.

Keywords: Santander Holdings USA Inc, Plano , Sr. Analyst, Compliance Testing, Accounting, Auditing , Plano, Texas

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