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Santander US Director, AML Compliance in Dorchester, Massachusetts

Director, AML Compliance

Req ID: 2105306 Date posted 10/15/2021

The Director, AML Compliance is responsible for the development and execution of a risk-based testing program covering all BSA/AML and OFAC processes and internal controls both within the Financial Intelligence Unit and across the Enterprise (i.e., within BSA/AML/OFAC Compliance, business units, infrastructure units, affiliates and vendors)

Responsibility Statements -

  • Conducts on-going compliance monitoring activities and participate in special projects as required.

  • Defines and validates business definitions for key data elements in related domains.

  • Develops and implements new operating policies and processes, metrics, and programs for the AML Compliance team.

  • Develops and maintains risk-based BSA/AML/OFAC monitoring and testing plans.

  • Develops standard work programs and test scripts for the testing of business processes, procedures, and controls , both manual control processes and systems controls.

  • Develops, implements, and monitors risk-based compliance programs to assure compliance with federal, state, legal and regulatory requirements.

  • Enforces and ensures Risk and Compliance policies, practices and procedures are understood and followed by direct reports, customers, and stakeholders.

  • Identifies potential concerns and control issues, determines the root cause of issues, documents and presents findings to senior management and ensures management stakeholders develop and implement appropriate corrective actions on a timely basis.

  • Identifies training opportunities for Risk and Compliance department.

  • Maintains effective channels of communication with business unit and infrastructure leads to understand BSA/AML and OFAC risks and internal control mitigants of each area.

  • Manages BSA/AML/OFAC compliance reviews & testing to determine if business processes, procedures, and controls are designed appropriately and operating effectively throughout the organization.

  • Provides guidance on Risk and Compliance procedures and policies as needed.

  • Scopes, executes, and documents properly designed BSA/AML/OFAC compliance tests using appropriate sampling methods and testing processes.

  • Bachelor's Degree; Finance, Business, or equivalent field.,Master's Degree; Finance, Business, or equivalent field.,or equivalent work experience

  • Work Experience - 9-12 years; Compliance, Legal, Regulatory, or Financial Services.

  • Skills and abilities - Ability to adjust to new developments/changing circumstances.

  • Ability to build rapport, garnering respect and credibility across lines of business.

  • Ability to convey a sense of urgency and drive issues/projects to closure.

  • Ability to direct, train and guide peers, subordinates and management.

  • Ability to effectively communicate and build relationships with multiple levels of the organizational structure, including senior level management.

  • Ability to foster and embed a strong risk culture.

  • Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.

  • Ability to handle multiple competing priorities simultaneously in a fast-paced and dynamic financial services environments.

  • Ability to influence all levels of employees in a collaborative cross-cultural environment.

  • Ability to influence and active persuasion to gain cooperation of others.

  • Ability to maintain and report on confidential information in an appropriate manner.

  • Advanced Microsoft Excel skills.

  • Advanced experience and exposure working with regulatory driven deadlines

  • Advanced project management skills.

  • Advanced working knowledge of Financial Services rules and regulations.

  • Excellent written and oral communication skills.

  • Strong leadership, supervisory, and customer service skills.

  • Physical Demands - Minimal physical effort such as sitting, standing, and walking.

  • Competencies - Brings out the best in each team member by consistently motivating and acknowledging peer contributions.

  • Understands and leverages team dynamics

  • 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.

  • Ensures people receive the information they require, and brings the team together to share information.

  • 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.

  • 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,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.

  • 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.

  • 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 integratedHas a practical knowledge of regulations impacting area supported

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

Primary Location: Dorchester, Massachusetts, United States

Other Locations: Massachusetts-Dorchester

Organization: Santander Bank, N.A.

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.

US Candidates/Employees: Click here to view the “EEO is the Law (http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm) ” poster and supplement and the Pay Transparency Policy Statement. (https://www.dol.gov/agencies/ofccp/faqs/pay-transparency)

Click here to view the California Privacy Notice. Need assistance? Contact TAOps@santander.us

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