Director, AML Model Development

Company: Santander Holdings USA Inc
Location: Boston
Posted on: January 20, 2025

Job Description:

Director, AML Model DevelopmentBoston, United States of AmericaUSA Job Family Description: Monitors 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.

USA Job Function Description: Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

Essential Functions/Responsibility Statements:
Collaborates with senior leadership to allocate the groups budget.
Drives the success of operational and strategic objectives with oversight and execution of analytical modeling and analysis projects.
Recommends and takes action to direct the analysis and solution of problems identified in project plans and assignments.
Defines and validates business definitions for key risk data elements in related domains.
Develops and implements new risk modeling operating processes, metrics, and programs for the team.
Monitors risk-based compliance programs to assure compliance with federal, state, legal and regulatory requirements.
Assembles project plans, procedures, teamwork assignments, monitors work efforts on a daily basis, identifies resource needs, performs quality reviews, and escalates functional, quality, and timeline issues appropriately.
Prepares timely, accurate, and meaningful reporting to senior management regarding important risk modeling, analytics and trends.
Runs queries on existing models to evaluate risk analytics and analyze risk trends.
Uses risk modeling and data to visualize and arrive at relationships between key business concepts.
Manages the operating policies, and standards for the Risk Modeling, Decision Science, and Data function.
Manages the production and reporting for the team.
Recommends changes to policies, procedures, limits, concentrations, and regulations based on data yielded from analytical reporting.
Enforces and ensures Risk Modeling, Decision Science and Data policies, practices and procedures are understood and followed by direct reports, customers, and stakeholders.
Communicates direction from senior leadership to team.
Sets goals and articulates objectives for team members in alignment with departmental objectives.
Manages independent Risk Modeling, Decision Science, and Data professionals.
Reviews summary reports, prepares final reporting, and participates in the communication of review findings to business lines and senior management.
Communicates direction from senior leadership to team.

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:
Bachelor's Degree or equivalent work experience: Mathematics, Physics, Statistics or equivalent quantitative field. Req
Master's Degree Mathematics, Physics, Statistics or equivalent quantitative field. Pref

Work Experience:
9+ Years Credit Risk Management experience within Financial Industry, including experience dealing with U.S. regulatory agencies Req

Skills and Abilities:
Advanced knowledge of statistical applications within Financial Services to interpret data requests and identify risk data analytics opportunities.
Advanced risk, process, and control validation and/or assessment skills.
Demonstrated technical expertise of modeling techniques, statistical analysis techniques and tools, and various database architectures.
Demonstrated management and leadership skills.
Ability to build rapport, garnering respect and credibility across lines of business.
Ability to influence all levels of employees in a collaborative cross-cultural environment.
Ability to handle multiple competing priorities simultaneously in a fast-paced and dynamic financial services environments.
Ability to direct, train and guide peers, subordinates and management.
Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed.
Ability to influence and active persuasion to gain cooperation of others.
Ability to adjust to new developments/changing circumstances.
Ability to effectively communicate and build relationships with multiple levels of the organizational structure, including senior level management.
Ability to foster and embed a strong risk culture.
Ability to maintain and report on confidential information in an appropriate manner.
Ability to convey a sense of urgency and drive issues/projects to closure.
Excellent written and oral communication skills.



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: 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,New York-New York
Organization: -Santander Holdings USA, Inc.Salary: $138,750 - $240,000/year

Keywords: Santander Holdings USA Inc, Newton , Director, AML Model Development, Executive , Boston, Massachusetts