Associate, Compliance Testing

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Job description

POSITION SUMMARY: The Associate, Compliance serves as a member of 2LoD Compliance Testing team for Santander U.S. Corporate and Investment Banking (SCIB) business responsible for assessing compliance risks and controls implemented by the first line business. This role will perform testing around key processes within SCIB. The testing will focus on key regulatory requirements, controls and processes related to securities, banking products, futures, exchange traded derivatives and swaps. The role will also include performing independent testing activities (testing and on-going monitoring) to assess the design and effectiveness of key controls designed to address compliance risk; reporting and escalating control issues and any violations of laws or breaches of policy; and validating adequacy of remediation taken to address reported issues. Responsibilities: Testing SCIB processes around trading, sales, Debt Capital Markets, Equity Capital Markets, banking products, derivatives, and middle/back office activities of the firm. Contributing to the development, implementation, and execution of the compliance testing, reporting programs and CT Plan. Managing the planning, execution, and reporting of compliance testing reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entities in accordance with CT Plan. Developing and executing the CT Plan to monitor for compliance with rules, laws, and regulations. Develop CT Monthly Reporting Summaries. Participating in the development and enhancement of the CT Methodologies and Standards for testing, monitoring, and reporting. Developing effective relationships within CT function and with other stakeholders including business and technology process owners, and the Internal Audit function. Building and managing relationships with senior functional management executives, as well as working closely with regional Compliance Testing Heads, Internal Audit. Promoting knowledge sharing and promulgation of best practices across SCIB Compliance and the business. Identifying industry best practices and share insight with the CT teams on a regular basis. Informing Compliance management of significant compliance matters that require their attention or action. Additional duties as assigned. At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply. 5+ years of experience conducting regulatory exams, auditing, testing or completing risk assessments within major banks around Sales, Trading and Banking Expertise of compliance laws, rules, regulations, and risks. Extensive global compliance and audit related experience, and strong knowledge of business processes and IT technologies utilized in the financial services industry. Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities. Knowledge and extensive experience with testing principles including test planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities Understanding of rules, laws, and regulations, and specific regulatory requirements impacting financial services. Awareness of regulatory developments promulgated by federal and state regulators, as well as securities, banking and futures regulators. Strong interpersonal skills for building strong relationships with stakeholders and engaging teams. Effectiveness in working within a large scale and complex matrix organization. Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of business lines and control functions. Must be a self-starter, flexible, innovative and adaptive. Highly motivated, strong attention to detail, team oriented, organized. Strong presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging. Ability to work collaboratively with regional and global partners in other functional units. Experience in managing regulatory exams and relationships with examiners, auditors, etc Bachelor's degree; Advanced degree a plus. Primary Location:New York, New York, United StatesOther Locations:New York-New YorkOrganization:Santander Investment SecuritiesAN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO