Compliance Risk Management Expert
hace 2 días
About Us
Santander helps people and businesses prosper by making all we do Simple, Personal and Fair.
The Compliance Risk Management Expert monitors activities to minimize the company's exposure to compliance and risk in AML modeling. Responsibilities may include quantitative analysis, risk identification, and remediation. This role 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.
Key Responsibilities:
- Work closely with model development, validation, and governance teams to ensure models adhere to regulatory standards and address Model Risk Management Group (MRMG) findings.
- Support ongoing compliance with applicable regulations, driving the execution of action plans to mitigate risks and improve model performance.
- Monitor and manage risk/exposure by adhering to company policies.
- Identify, manage, and report on the company's risk areas.
- Evaluate the adequacy and effectiveness of data, model, and monitoring systems.
Requirements:
- Collaborate with the AML and Model Risk Management teams to establish and leverage appropriate systems and processes to develop, validate, and maintain optimal efficiency and effectiveness of financial crime models.
- 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.
- Maintain and execute 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.
- Assist in the development and maintenance of model risk and model policies, guidelines, validation, and development procedures, controls, tools, and templates.
What We Offer:
- A competitive salary of approximately $85,000 per year, commensurate with experience.
- Ongoing opportunities for professional growth and development.
About the Role:
This is an exciting opportunity to join our team as a Compliance Risk Management Expert in the United States of America. As a key member of our team, you will play a critical role in managing and mitigating model risk related to anti-money laundering (AML) models.
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