Sr. Analyst, Compliance Testing
Company: Santander Holdings USA Inc
Posted on: November 24, 2022
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
- 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
- 3+ years ; Compliance, Legal, Regulatory, or Financial
- 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
- 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
- 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
- Strong interpersonal skills and experience building strong
relationships with stakeholders and engaging teams.
- Effectiveness in working within a large scale and complex
- 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,
- Strong presentation skills with the ability to articulate
complex problems and solutions through concise and clear
- 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
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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