AML Modeling Specialist at Santander

Florham Park, New Jersey, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor's Degree or equivalent work experience in Statistics, Mathematics, Economics or equivalent quantitative discipline (Required)
Master's Degree in Statistics, Mathematics, Economics or equivalent quantitative discipline (Preferred)
3+ years in Risk Management, Risk Modeling, AML (Required)
Deep understanding of AML processes, transaction monitoring systems, and financial crime risk
Proficiency in data analysis, model development, and statistical tools (e.g., Python, SAS, SQL, or R)
Collaborative approach and ability to communicate technical findings to non-technical stakeholders
Commitment to operational excellence, model integrity, and regulatory compliance
Strong analytical mindset with the ability to translate complex data into actionable insights
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education (Nice to have)
Experience in Microsoft Office products (Nice to have)

Responsibilities

Develop and implement AML detection and segmentation models using statistical and machine learning techniques
Partner with compliance, risk, and data science teams to ensure model outputs align with business objectives and regulatory standards
Analyze transaction data to identify emerging money laundering patterns and typologies
Perform model validation, back-testing, and performance monitoring to ensure accuracy and effectiveness
Prepare model documentation, regulatory submissions, and audit materials
Support ongoing model governance, tuning, and optimization efforts to reduce false positives and improve efficiency

Skills

AML Modeling

Statistical Modeling

Machine Learning

Model Validation

Back-testing

Transaction Analysis

Data Science

Python

SQL

Regulatory Compliance

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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