Commercial & AML Compliance Risk Model Validation Associate Job at Santander Holdings USA Inc, Florham Park, NJ

MWljckhOYUxYQjJldEQzVlU2akpJbW9S
  • Santander Holdings USA Inc
  • Florham Park, NJ

Job Description

Commercial & AML Compliance Risk Model Validation Associate

New York, United States of America

The Associate, Risk Modeling is responsible for executing model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.

  • Executes model risk management activities consistent with the enterprise model risk management framework, industry best-practice and regulatory guidance.

  • Validate AML and commercial credit risk models to confirm they meet regulatory and internal requirements.

  • 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.

  • Assesses risk model conceptual soundness.

  • Evaluates model assumptions and data integrity.

  • Tests models numerical, statistical, and computational accuracy.

  • 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.

 

Qualifications

  • Education: Bachelor's Degree or equivalent work experience.

  • Work Experience: 5+ years in model development and/or validation in the banking or financial services industry.

  • Worked with SAS, Python, R, Oracle, or Similar.

  • Advanced knowledge of model risk management best practices and how to implement them.

  • Advanced quantitative skills.

  • Demonstrated practical modeling experience.

  • Detail orientated with the ability to also understand overall strategy.

  • Ability to multi-task and meet strict deadlines.

  • Ability to adjust to new developments/changing circumstances.

  • Ability to lead, influence and direct peers, subordinates and management.

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.

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:  New York, NY, New York

Other Locations:  New York-New York,New Jersey-Florham Park

Organization:  Santander Holdings USA, Inc.

Salary: $108,750 - $195,000/year

Job Tags

Contract work, Work experience placement,

Similar Jobs

Amazon Delivery - Heart Key Logistics

Amazon Delivery Associate Job at Amazon Delivery - Heart Key Logistics

 ...where you can work independently, make a difference in your community, and delight hundreds of customers every day? Apply to be a Delivery Associatetoday. We offer competitive compensation, benefits, a great company culture, and opportunities for growth.No delivery experience... 

HD Supply

Supervisor, Distribution (2PM Shift) Job at HD Supply

**Preferred Qualifications**+ Bachelor's degree in a related field.+ 5+ years of experience working in a distribution center.+ 2+ years of experience in a lead or mentorship role.**Job Summary**Supervises multiple departments within the distribution center, including... 

Flight Services International, LLC

Flight Attendant Job at Flight Services International, LLC

 ...Job Description Job Description Flight Services International, LLC is seeking Houston, TX, and Miami, FL-based Flight Attendants/In-Flight Crew to act as Cabin Crew on Atlas...  ...successfully complete the Company/FAA-required training program. Candidates will be required to... 

Valle Vista Health System

Registered Nurse (RN) - Adolescent Unit Job at Valle Vista Health System

 ...Responsibilities Registered Nurse (RN) Opportunity Day or Night Shift available...  ...confidence to function successfully at home, work, school, and in their communities. We are...  ...match and discounted stock plan ~ Pet Insurance ~ SoFi Student Loan Refinancing Program... 

CultureStaff

Aerospace Manufacturing Production Planner Job at CultureStaff

 ...-time delivery. Prioritize orders based on customer due date requirements and process capacity. Ensure compliance with Company RSM/QCM.Must be aware of ISO/AS9100 quality requirements. Estimate ship & production quantities by product type each month, monitor and...