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BSA/AML Analytics Associate

Company: Santander Holdings USA Inc
Location: Fort Lauderdale
Posted on: January 26, 2023

Job Description:

BSA/AML Analytics Associate

Country: United States of America

WHAT YOU WILL BE DOING

POSITION 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 Supervisor

SPECIALIZED 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 issues

Education: Bachelor's degree required; Master's degree preferred or equivalent experience

Business 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/Analytics

Licenses / Certifications: AML/Sanctions certifications preferred

Diversity & 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, Fort Lauderdale , BSA/AML Analytics Associate, Other , Fort Lauderdale, Florida

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