Transaction Driven Financial Crime

Transaction Driven Financial Crime, AssociateCountry: United States of America

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Essential Functions/Responsibility

Responsible for the end-to-end Screening, Transaction Monitoring, and Trade Finance processes (collectively as Transaction Driven Financial Crime (“TDFC”)) and policies of US Santander Corporate and Investment Bank (SCIB).  Objectives are to 1) ensure compliance with anti-money laundering (AML), anti-bribery and corruption, anti-financial crime (AFC), anti-boycott, and various regulatory standards and 2) support the Business Lines and Clients through the onboarding and ongoing lifecycle processes.  

Responsible for supporting TDFC execution in accordance with the Bank compliance policies and procedures. The role plays an important part liaising between external clients, and stakeholder groups involved in the delivery of TDFC processes.

A single point of contact to interact with Business to ensure compliance with TDFC and regulatory requirements. Exhibiting the highest standards of internal stakeholder engagement with transparency and focus on the internal stakeholder experience. 

Job Function Description

In this position, your goal is to deliver superior service by efficiently and accurately assessing applicable requirements for TDFC.  You will manage the alert /transaction review process end to end, in partnership with global teams for compliance with global/local regulations and jurisdictions, and policy.
You will use internal and external systems and tools to gather information to undertake a risk-based assessment of TDFC alerts or cases.
You will conduct internal stakeholder outreach for missing information and validate the provided documentation for completeness.

Key Responsibilities

Transaction Monitoring:

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.

Screening:

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.

Trade Finance:

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.

Qualifications
Skills:

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.

Key Competencies:

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.

Education:

Bachelor's Degree or equivalent work experience; Desired but not required - ACAMS.

Work Experience:

5+ years in AML/KYC roles - REQUIRED

This is a hybrid position in Miami, FL

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

$61,875.00 USD$105,000.00 USD

Link to Santander Benefits:

Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement:

At Santander, we value and respect differences in our workforce. 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 is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

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 your employment at any time for any reason.

What To Do Next:

If this sounds like a role you are interested in, then please apply.

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at [email protected] to discuss your needs.