Regulatory Reporting Transaction Testing Senior AnalystCountry: United States of America
Your Journey Starts Here:
Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.
An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!
The Difference You Make:
The Regulatory Reporting Transaction Testing Senior Analyst is responsible for the process administration, accounting entries, reconciliations, reporting, analysis, and documentation of assigned job areas within the accounting and financial reporting function. The incumbent improves the effectiveness of the accounting reporting team by making adjustments and/or enhancements to current accounting and reporting processes.
Responsibilities include, but are not limited to:
- Plan and execute detailed transaction testing across various products and systems to validate data feeding into regulatory reports. Leverage a risk-based approach to determine the prioritization and cadence of reviews for transaction testing of regulatory reports to mitigate and prioritize data risks.
- Trace transactions from reported values to points of origin to ensure accuracy and consistency with source documentation. Analyze large datasets to identify discrepancies, anomalies, and gaps in reported values by performing validations against source systems/points of origin
- Develop tailored testing methodologies aligned to the regulatory reporting processes and underlying transaction data. Implement transaction testing across regulatory reports to validate accuracy and completeness of reported values against the points of origin.
- Design and prepare 1.5LoD transaction testing review reports summarizing the approach, testing methodology and outcomes inclusive of findings. Document testing processes outcomes - including issues, results and overall accuracy. Align findings and gaps identified in transaction testing with the 1LoD teams. Prepare and report updates and results of transaction testing program to lines of business and senior management.
- Stay abreast of changes in banking regulations and reporting requirements (e.g., FFIEC, FRB, OCC, FDIC) to ensure transaction testing aligns with current mandates, regulations, industry standards, emerging trends and overall best practices.
- Independently handle projects and drive solutions across multiple stakeholders. Display thought leadership, drive processes, and support work/life balance initiatives.
What You Bring:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Advanced degree in Finance, Accounting, Business Administration, Risk Management, or other related discipline is preferred. Bachelor’s degree in applicable field is required.
- Minimum of 5-7 years of experience in regulatory reporting, audit, compliance or risk management within the banking or financial services industry. Demonstrated experience in transaction testing, data validation and analysis is preferred.
- Experience or understanding of financial analytics, reporting, data analytics, data controls and data transformation logics. Utilize a proven data and business analytics background to develop winning strategies and drive business decision making.
- Familiarity with Risk Management practices and applicable regulatory requirements. Knowledge, experience, or familiarity in banking products, regulatory reporting (FR2052a, FRY15, FRY9C, etc.), audit, US GAAP and financial accounting is preferred.
- Strong knowledge of data governance, data compliance, and data-related issue management in large financial services firms.
- Proficient in using data analysis tools (e.g., Excel, SQL), and knowledge of database systems. Excellent analytical, problem-solving, and critical thinking skills.
- Strong verbal and written communication skills, including the ability to explain complex problems and ideas clearly and succinctly to senior management.
- Effectively manage multiple, and often conflicting, priorities under tight timeframes and adapt to frequent change.
- Work independently and across a matrix organization, with excellent relationship building skills and the ability to influence partners
Certifications:
- CPA (Certified Public Accountant): - Preferred.
It Would Be Nice For You To Have:
- Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
- Experience in Microsoft Office products.
What Else You Need To Know:
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
$56,250.00 USD
$97,500.00 USD
Link to Santander Benefits:
Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com)
Risk Culture:
We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
EEO Statement:
At Santander, we value and respect differences in our workforce. 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 is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.
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 your employment at any time for any reason.
What To Do Next:
If this sounds like a role you are interested in, then please apply.
We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.
