Client Lifecycle Management - Transaction Driven Financial Crime Associate

Client Lifecycle Management – Transaction Driven Financial Crime Associate

Country:
United States of America

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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.

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.

• 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 2
  
  LOD as necessary.
• Analyze existing and proposed legislation, regulatory announcements, and industry practices for compliance requirements, and implement 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, recommend process improvements to management.
• Identify systemic procedural weaknesses and additional training requirements needed to ensure compliance.
• Prepare draft 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…