Compliance Sr Analyst I

Country: Germany

Santander Corporate & Investment Banking is looking for an Financial Crime Compliance Advisory Associate

Banco Santander was founded in 1857 and is headquartered in Spain. It has a meaningful market share in 10 core markets in Europe and the Americas and is one of the largest banks in the Eurozone by market capitalization.

Santander Corporate & Investment Banking (CIB) is Santander’s global division that supports some of the world's largest corporate and institutional clients, offering customized services and valueadded wholesale products to best meet their needs across worldwide.

WHAT YOU WILL BE DOING

Assist the MLRO in managing the AML, CTF and Sanctions risk framework. Key activities include:

• Overseeing the implementation of monitoring and screening tools through ensuring that systems meet local regulatory requirements, and updating relevant manuals and/or procedures where necessary
• Providing model and technology advisory support
• Performing 2nd Line model oversight and reviews for FCC models
• Receiving escalations relating to complex AML, CTF and Sanctions risk cases (including clients, products and services) from the first or second line of defence teams. Providing advice / recommendations on next steps and need for enhanced monitoring where appropriate for higher risk cases
• Ensuring that FCC policies and guidance align with Global documents, as well as current legal and regulatory requirements and expectations.
• Maintaining FCC Policies, Standards, Protocols, Waivers and Dispensations
• Providing guidance and training to the first line of defence on the implementation and impact of policies and standards
• Developing and delivering FCC training and awareness programmes for relevant stakeholders
• Recommending and implementing actions required to mitigate financial crime risks identified within the client portfolio and producing high quality reports for senior management
• Supporting Financial Crime Risk Assessments
• Contributing towards establishing Risk Appetite thresholds
• Contributing to change management programmes and internal Policy development as an FCC subject matter expert
• Developing relevant MI and reporting
• Supporting the MLRO with the management and implementation of FCC control changes / improvements, including but not limited to inputting into control strategies, requirements definition, carrying out and developing on-going monitoring of control designs and effectiveness testing

KEY ACCOUNTABILITIES

Risk Management

• Leads by example and proactively identifies, assess, manages and reports risks taking action where appropriate in order to remediate or escalate potential issues. In particular in relation to regulatory and operational risks related with Financial Crime activity.
• Proactively supports the bank in meeting its business, regulatory and stakeholder obligations in respect of Financial Crime.

People Management

• Communicate frequently with stakeholders that contribute to the effective delivery of the Financial Crimes Framework.

Customer Orientation

• The role is accountable for building strong relationships with the various businesses areas of SCIB.
• The role will promote the relationship with FCC stakeholders to ensure the effective investigation of suspicious activity

Commercial

• Utilize available data to manage and enhance the FC framework.
• Deliver change initiatives to enhance the FC framework.

#SCIB