Artists model Jobs in Boston, MA

Associate, AML Model Developer

Boston, United States of America

The Associate, AML Model Developer m onitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal / regulatory statutes and jurisdictions.

The ideal candidate will play a key role in managing and mitigating model risk related to anti-money laundering (AML) models (i.e. Sanctions Screening, Transaction Monitoring, Customer Risk Rating). You will work closely with the model development, validation, and governance teams to ensure models adhere to regulatory standards and address Model Risk Management Group (MRMG) findings. Supports ongoing compliance with applicable regulations, driving the execution of action plans to mitigate risks and improve model performance. Monitors and manages risk / exposure and by adhering to company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, model, and monitors systems.

Responsibility :

• Collaborate with the AML and Model Risk Management teams to develop, validate, and maintain AML models, ensuring they meet regulatory and internal requirements. Conduct model risk assessments and participate in model validation exercises performed by Model Risk Management Group (MRMG) to evaluate model accuracy, performance, and compliance with internal and regulatory standards.
• Participates in the design and evolution of the Company's existing suite of AML models, ensuring they meet regulatory and internal requirements. Collaborates on model risk assessments and participates in model validation exercises performed by Model Risk Management Group (MRMG) to evaluate model accuracy, performance, and compliance with internal and regulatory standards.
• Work closely with business stakeholders to provide detailed model documentation, including validation reports, assumptions, limitations, and compliance metrics.  Assess model health within a given framework using statistical methods, evaluation of assumptions, and drive timely remediation efforts.
• Develop complex inquiries with SQL, SAS, Python and ETL to perform analyses of the underlying data in our systems and highlight trends, issues, and findings. Develop reporting solutions, including designing stored procedures, view queries, and tables.
• Researches and maintains regulatory requirements and publications relevant to model risk
• Assist in the development and maintenance of model risk and model policies, guidelines, validation and development procedures, controls, tools and templates.
• Execute on Book of Work for Compliance Risk Models, support project implementation impacting Compliance and its areas of oversight and collaborate with SHUSA and its subsidiaries to design various performance metrics.
• Ensure that all the company’s activities adhere to the necessary rules and regulations, and that the company complies with legal / regulatory statutes and jurisdictions and provide requisite information in support of independent audit activities.
• Perform analytical research in support of the Compliance Department, with a strong focus on AML / BSA, including the design, development, and implementation of information-based business solutions.
• Supports key Subject Matter Expert in the implementation of new technology initiatives to enhance the Compliance data repositories, reporting, analytics, and overall program with a strong focus on AML / BSA compliance.
• Provides procedural guidance and support to junior analysts in the various functions of the department, and in the methods of tools of analysis.
• Evaluates the strengths and weaknesses of existing controls and provides recommendations on opportunities for improvement.
• Assists senior level staff and management.
• Performs other duties and responsibilities as assigned.

Qualifications : 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.

Education :

Work Experience :

Licenses / Certification :

Skills and Abilities :

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.

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.

Primary Location :   Boston, MA, Boston

Other Locations :   Massachusetts-Boston,Texas-Dallas,New Jersey-Florham Park

Salary : $90,000 - $165,000 / year