This paper presents a 3D boundary element time–harmonic model for the analysis of the dynamic behavior, under low-level vibrations, of the Soria arch dam (Gran Canaria, Spain). The model takes into account dynamic Soil–Structure Interaction (DSSI), Fluid–Structure Interaction (FSI) and the actual geometry of dam wall and reservoir. The rock and the dam wall are considered as viscoelastic regions, and the water in the reservoir is modeled as an inviscid fluid. The influence of DSSI, FSI, height of the water in the reservoir, accuracy of the geometric modeling of the canyon, and type of transmitting boundary conditions at the truncated end of the reservoir, are evaluated. DSSI and FSI have a significant influence on the dynamic response of the dam, and the accurate representation of the geometry of the canyon is relevant for the correct estimation of the modal shapes. Ambient vibrations tests were also performed, from which the first and third modes could be clearly identified. The comparison between the experimental and numerical natural frequencies and mode shapes suggests that the proposed complete numerical model is able to capture the dynamic response and can be used for the structural health monitoring of the wall of this dam.