Santander Bank, NA Compliance Officer I in Boston, Massachusetts

Compliance Officer I - 1804540

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Description

The Compliance Specialist participates in the design and development of the compliance framework and independently executes the development of policies, standards and methodologies designed to mitigate the risk of non-compliance. Compliance specialist role is intended to allow Compliance Management to better address reporting and monitoring of items related to Material Risk and RAS, as well as the execution of Regulatory Change Management, and its policy, standards and procedure responsibilities. Assist with the management of the SBNA Policy and Procedural framework.

Responsible for ensuring the implementation, communication and monitoring of required policies, frameworks and change. The Compliance Specialist supports one or more compliance framework elements such as governance, reporting, Regulatory Change Management or risk assessment. The Compliance Specialist executes reporting on specific area of focus for all levels of management; executes compliance activities driven by or in support of objectives established by the holding company and Group; and executes compliance and/or operational risk related projects. May support risk assessments providing a thorough understanding of inherent risk and the quality of risk management.

II. PRIMARY DUTIES & RESPONSIBILITIES

1. List the position’s primary duties or major accountabilities in 7 – 10 concise, comprehensive statements

  • Should be bullet-statements beginning with an action verb describing how the goal of the position is met

  • Should define the duties/responsibilities of the position, not the team member

2. Provide the approximate percentage of time spent in each duty/responsibility

  • Total time should equal 100%

  • Duty/responsibility should constitute a minimum of 5% of position’s time or be a primary function.

  • Exclude any one-time projects/activities

Position Duties / Responsibilities

% of Time Spent

Advises on changes to business policies and procedures.

10 %

Develops and continuously enhances compliance program for the assigned Compliance area, keeping abreast of legal and regulatory matters that may impact the compliance program.

10 %

Develops, implements and monitors compliance program and controls for the assigned Compliance area. Identifies gaps in controls, proposes solutions, and implements corrective actions with business.

40 %

Manages Compliance Officers responsible for executing the compliance program for the assigned Compliance area.

10 %

Provides support for regulatory examinations and audits.

05 %

Reports to management on regulatory developments and risks/issues identified within assigned Compliance area. Regularly provides reports to Compliance Director on progress.

25 %

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Qualifications

III. QUALIFICATIONS

Identify the minimum education, experience, etc. required for this position.

Minimum Requirements

Include the minimum entry-level requirements to perform the duties of the position

Education

(HS Diploma, Under/Graduate Degree, etc.)

Bachelors or Equivalent

Business Experience

(prior years work/related experience)

At least 8 Years

Bachelors Degree or equivalent; 8+ years of banking compliance, audit, or regulatory experience.

Licenses/Certifications

Technical Qualifications & Skills

IV. SPECIALIZED KNOWLEDGE

Identify specific knowledge, skills, and abilities necessary for satisfactory execution of the position’s primary duties & responsibilities.

(i.e. If a position duty/responsibility is to “market and sell products and services to customers”, then the specialized knowledge would be “skilled in building relationships with customers and in selling”.)

Ability to develop and maintain close working relationships with multiple business areas.

Excellent oral and written communication skills.

Strong management and organizational skills, including ability to prioritize several projects at a time and work under tight deadlines.

Thorough knowledge of banking laws and regulations and understanding of the financial services regulatory and compliance environment.

Job : General Compliance
Primary Location : Massachusetts-BOSTON

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Organization : CRO (8855)
Schedule : Full-time
Job Posting : Jul 12, 2018, 3:48:14 PM

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO