BSA/AML Analytics Associate
Company: Santander Holdings USA Inc
Location: Miami
Posted on: January 27, 2023
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Job Description:
BSA/AML Analytics AssociateCountry: United States of AmericaWHAT
YOU WILL BE DOINGPOSITION SUMMARY:The BSA/AML Analytics Associate
is primarily responsible for ensuring the company complies with all
BSA/AML/OFAC regulatory requirements and internal policy and
procedures, and SR 11-7: Guidance on Model Risk Management. S/he
will be responsible to develop, tune, and maintain analytical
models for BSA/AML/OFAC operations (e.g., Transaction Monitoring,
Watch List Screening, Client Risk Rating, etc.). Evaluate
quantitative approaches and support systems to align analytical
models with risk and regulatory requirements. Core responsibilities
include data collection, analysis, building and implementing
models, tuning, and enhancing models, and model documentation.
Research best practices and monitor industry developments.Monitors
activities to minimize the company's exposure to risk. Activities
may include quantitative analysis, risk identification and
remediation. The BSA/AML Analytics Associate will also be
responsible for developing data reports to measure KPIs, KRIs and
productivity metrics for the AML and OFAC Operations Units, and
develop dashboards using visual analytics tools (e.g., Tableau) for
senior management reporting. - The BSA/AML Analytics Associate
reports to the Director of BSA/AML Intelligence.POSITION DUTIES/
RESPONSIBILITIES: --- Assess and evaluates model conceptual
soundness, model assumptions, and data integrity--- Communicate
with senior management on risk modeling, decision, and data for
improved efficiency, effectiveness, and/or risk reduction to the
company--- Develop new methodologies and approaches to the
management of model risk--- Execute model risk management
activities and projects consistent with the Enterprise MRM
framework, industry best-practice and regulatory guidance--- Inform
perspective on market environment, future trends, and emerging risk
issues--- Tests risk model numerical, statistical, and
computational accuracy; performs outcomes analysis; and reviews
model governance and control process--- Actively participates on
the on-going calibration/tuning process for all BSA/AML/OFAC
models--- Proactively identify areas of issues or concerns related
to potential gaps in existing processes, procedures, policies,
frameworks--- Promote a risk management culture by encouraging team
to embrace appropriate risk practices and supporting team members
in fulfilling risk management responsibilities--- Respond to
required corrective actions in a timely and complete manner---
Develop data reports to measure KPIs, KRIs and productivity metrics
for the AML and OFAC Operations Units--- Develop dashboards using
visual analytics tools (e.g., Tableau) and consolidating the key
metrics for senior management reporting and committee deck
reporting--- Performing ad-hoc analysis reporting and participating
in regulatory initiatives or special projects as assigned by senior
management--- Other duties as assigned or requested by
SupervisorSPECIALIZED KNOWLEDGE: --- Excellent programming skills
in SAS, R or other quantitative analysis tools--- Knowledge of AML
and experience using/supporting AML/Sanctions modeling--- Excellent
knowledge and experience utilizing visual analytics tools such as
Tableau--- Strong ability to access and analyze large volumes of
data from multiple sources ---- Strong ability to identify
potential concerns, analyze and solve problems,ability to work
effectively and independently to resolve such issuesEducation:
Bachelor's degree required; Master's degree preferred or equivalent
experienceBusiness Experience: 5-7 years of relevant experience or
demonstrated required level of proficiency - -TECHNICAL KNOWLEDGE:
--- Degree in Statistics, Mathematics, Economics or related field
or equivalent work experience--- At least 1-5 years in Modeling
experience that may be a combination of work experience and/or
project work during education--- Strong quantitative and statistics
background--- SQL, SAS, R,or other quantitative tools--- Visual
analytics and reporting tools (e.g., Tableau, Power BI)--- Data
Minining/AnalyticsLicenses / Certifications: AML/Sanctions
certifications preferredDiversity & EEO Statements: 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.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.
Occasional moving and lifting equipment and furniture is required
to support onsite and offsite meeting setup and teardown.
Physically capable of lifting up to fifty pounds, able to bend,
kneel, climb ladders.Employer Rights: 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 at any time for any reason. English
Primary Location: -Miami, Florida, United States of America
Other Locations: -Florida-Miami
Organization: -Banco Santander International
Keywords: Santander Holdings USA Inc, Miami , BSA/AML Analytics Associate, Other , Miami, Florida
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