Advisor, Compliance

Santander Bank (Dorchester MA, USA) 5 days ago

Description

 

The Advisor, Compliance is primarily responsible for ensuring the company complies with regulatory requirements and internal policy and procedures. S/he undertakes standard reviews and escalates to senior staff where non-compliances are identified.


RESPONSIBILITY STATEMENTS

  • Analyzes existing and proposed legislation, regulatory announcements, and industry practices for compliance requirements, and implements procedures to meet these requirements for applicable business units

  • Assesses procedures and policies to ensure the business units are in compliance with standard regulatory and policy requirements

  • Coaches and reviews work of junior level Compliance professionals

  • Collaborates with team on projects and program tasks intended to improve compliance and enhance the control environment

  • Evaluates controls in place to ensure continuous compliance measures with laws, regulations and policies affecting the organization, recommends process improvements to management

  • Identifies systemic procedural weaknesses and additional training requirements needed to ensure compliance

  • Prepares drafting of policy and procedural documentation when control changes are made

  • Transfers work product into simple guidance/templates for future reference

  • Undertakes standard reviews and escalates to senior staff where non-compliances are identified

  • Validates controls or project plans to ensure compliance with laws, rules and regulations

  • Acts as a subject matter expert (SME) while providing leadership, guidance, and mentorship to other team members.


 

Qualifications

 

EDUCATION

  • Bachelor's Degree; Business, Finance or equivalent field

  • Master's Degree; Business, Finance or equivalent field or equivalent work experience

WORK EXPERIENCE

  • 5-9 years; Compliance, Legal, Regulatory, or Financial Services.

SKILLS AND ABILITIES

  • Ability to effectively deal with senior management as well as, Federal/State and other Regulators

  • Ability to influence others, including senior leadership

  • Ability to mentor and guide staff and numerous projects simultaneously

  • Ability to quickly respond to inquiries from regulatory agencies, internal partners, and external consultants

  • Ability to read, analyze and interpret government regulations, trade journals and legal documents

  • Ability to resolve complex situations with internal clients and regulators, while maintaining a professional presence

  • Ability to work cross-functionally as a team player

  • Advanced Microsoft Office (Excel, Word, PowerPoint, Outlook, Sharepoint) skills

  • Excellent verbal and written communication skills

  • Practical knowledge of corporate regulatory requirements, and factors influencing the business in which the Corporation operates

  • Practical knowledge of key business control areas (Audit & Risk Review, Risk Management, Finance, Human Resources, and Legal) and governmental regulatory agencies

  • Strong project management skills

  • Ability to speak Spanish preferred

LICENSES/CERTIFICATION

  • FINRA series 7, FINRA series 24.

  • FINRA series 53 preferred or obtained within a certain timeframe.

PHYSICAL DEMANDS

  • Minimal physical effort such as sitting, standing, and walking.

COMPETENCIES

  • Communicates in a timely and straightforward manner

  • Probes for additional information, clarifies assumptions and confirms agreed-upon actions

  • Keeps everyone involved informed about progress and issues

  • Communicates the importance and benefits of risk management to counterparts

  • Displays natural skepticism and curiosity to question the status quo and uncover issues

  • Adheres to a good root cause analysis process

  • Creates a good working environment in the team; works towards shared goals contributing ideas and accepting change

  • Provides assistance and coaches less experienced team members

  • Executes risk management process and procedures without management direction, and demonstrates awareness of expected results

  • Knows the relationship and impact of actions and results

  • Has an understanding of regulations impacting area supported

  • Follows through to meet commitments to others

  • Takes responsibility for achieving strong results, despite balancing multiple complex demands

  • Knows who to reach out to inside and outside of one’s team to get work done

  • Takes action to enhance working relationships needed to achieve seamless work flow

  • Stays current with industry and regulatory trends and emerging risk issues

  • Has good understanding of current market and competitive landscape that the organization operates within

  • Uses information and data effectively to support a position and present a rational case

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

 

Job

:   Compliance  


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