AML Compliance Associate

Apply Req ID: Req1293841 Date posted 04/09/2024

AML Compliance Associate

Miami, United States of America

Position Summary:

The Anti-Money Laundering ("AML") Senior Analyst will assist in identifying potentially suspicious transactions and customer behavior by performing transaction analysis, negative media searches, investigations and ongoing monitoring (including alerts) to prevent and detect money laundering or the financing of terrorism activity. Depending on work volumes (e.g., spikes in activity/cases), the AML Senior Analyst may also be required to assist with executing compliance functions for other areas in the BSA Department (e.g., OFAC, CIP/KYC/CDD/EDD Programs, High Risk Reviews, SAR and CTR reporting, etc.). The AML Senior Analyst may also be asked to assist with performing other BSA-related manual reviews and special projects within the Complaince department.

The AML Sr. Compliance Analyst reports to the BSA/AML Manager.

Position Duties/Responsibilities:

• Analyzes transactional data and public records for the purpose of initiating, developing and bringing to successful conclusion transaction monitoring investigations and Suspicious Activity Reporting

• Dispositions possible hits against watch lists (OFAC, Adverse Media, PEP), and clearly articulates the rationale behind the dispositions

• Develops and participates in education, training and awareness activities as part of the transaction monitoring program

• Maintains a good working relationship with and knowledge of business units and organizational groups within the Bank

• Writes clear and concise alert review analysis/dispositions

• Executes other duties as assigned or requested by Supervisor

Specialized Knowledge:

• Expertise in the laws/regulations/requirements applicable to money laundering, terrorist financing, OFAC/international country sanctions programs, anti-bribery anti-corruption laws

• Knowledge of KYC/CIP regulations

• Sound decision making and judgment skills

• Good writing skills

• Ability to employ reasonable assessment of multi-layered corporate structures related to wealth management (PICs, Trusts, etc.) to assess money laundering risks

• Ability to employ reasonable assessment of a company's cash flow, income statements and balance sheet to assess the reasonability of the activity

Education: Bachelor's degree required or equivalent experience

Business Experience: 3-5 years of relevant experience or demonstrated required level of proficiency

Technical Knowledge: Microsoft Office applications

Excellent communications skills: writing & verbal

Knowledge of AML/OFAC related software

Licenses / Certifications: AML certifications preferred

Languages: Spanish, English

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.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occassional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

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.