Sanctions Compliance - Senior Associate

Company: Santander Holdings USA Inc
Location: Boston
Posted on: May 14, 2025

Job Description:

Sanctions Compliance - Senior AssociateCountry: United States of AmericaYour Journey Starts Here:Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!The Difference You Make:The Senior Associate will be responsible for a variety of sanctions compliance activities related to assessing, managing, and responding to sanctions risk as well as activities supporting sanctions compliance transformation. Acting as an individual contributor and reporting to the Sanctions Compliance Manager within the BSA/AML and OFAC team, this role will also provide subject matter expertise and strategic recommendations related to sanctions compliance.

• Serve as a subject matter expert on topics related to economic sanctions regulatory requirements, especially those administered and enforced by the US Department of the Treasury's Office of Foreign Assets Control (OFAC), to facilitate appropriate compliance across documents, projects, processes, systems, and initiatives.
• Collaborate with a variety of cross functional partners on a range of complex matters and strategic initiatives, providing relevant sanctions compliance risk expertise.
• Respond to sanctions related information and analysis requests received from regulatory agencies or internal audit.
• Manage sanctions related projects including development of project documentation (such as business and technical requirements, testing strategies, and testing closure reports) and execution of system testing to ensure business and regulatory requirements have been designed in a compliant manner.
• Support the Bank's model development team with necessary documentation and testing of systems/tools.
• Perform risk and control assessments, synthesize analyses, identify root cause(s), and provide recommendations to management on enhancement opportunities across processes and technology.
• Develop and implement cohesive sanctions list / watchlist management activities, including but not limited to governance routines (e.g., watchlist hygiene, authorization for watchlist changes and use) and ongoing maintenance and monitoring to facilitate compliance with regulatory expectations as well as the Bank's risk appetite and relevant internal policies.
• Identify and escalate opportunities to enhance efficiency and/or effectiveness of sanctions related processes while also maintaining compliance with regulatory expectations as well as the Bank's risk appetite and relevant internal policies.
• Mentor staff to enhance compliance knowledge and related competencies.What You Bring: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.
  • Bachelor's Degree or equivalent work experience: Business, Accounting, Finance, International Relations, or equivalent fields. - Required.
  • Master's Degree: Business, Accounting, Finance, International Relations, or equivalent fields. - Preferred.
  • 9+ Years Compliance, Legal, Regulatory, or Financial Services. - Required.Skills and Abilities:
    • Advanced knowledge of financial crimes compliance broadly, with specific expertise in economic sanctions regulatory requirements, especially those administered and enforced by OFAC, and related factors influencing the business in which Santander operates.
    • Ability to read, analyze and interpret government regulations, trade journals and legal documents.
    • Knowledge of and experience using sanctions screening technology solutions.
    • Ability to maintain attention to detail while simultaneously understanding overall strategy.
    • Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
    • Ability to make effective decisions on complex matters.
    • Ability to maintain and report on confidential information in an appropriate manner.
    • Ability to quickly respond to inquiries from regulatory agencies, internal partners, and external consultants.
    • Ability to provide ideas and solutions to further business understanding.
    • A highly motivated self-starter who is adaptive and skilled at navigating the complexities associated with cross-functional projects and large organizations.
    • Proven success in working both independently and collaboratively.
    • Excellent at managing multiple projects and consistently meeting deadlines.
    • Excellent interpersonal skills with experience building strong relationships with a variety of internal and external stakeholders (including examiners and auditors).
    • Excellent communication skills, both written and verbal, interacting with non-executive and executive management across business lines and control functions.
    • Excellent presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
    • Demonstrated experience facilitating change to achieve measurable results.Certifications:
      • CSS, CGSS, CAMS, CFE, CAFP or related. - Preferred.It Would Be Nice For You To Have:Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.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:Review the internal eligibility guidelines . 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 to discuss your needs.
        
        Primary Location: -Boston, MA, Boston
        Other Locations: -Massachusetts-Boston,Florida-Miami,Texas-Dallas
        Organization: -Santander Holdings USA, Inc.Salary: $93,750 - $165,000/year

Keywords: Santander Holdings USA Inc, Plymouth , Sanctions Compliance - Senior Associate, Accounting, Auditing , Boston, Massachusetts