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Job Location: Pune, Bangalore/Bengaluru
Experience
3-6 Years in Sanctions screening or Transaction Monitoring
Education
Qualification
- Masters or bachelor’s in Advanced Degree in Statistics, Economics, Finance, Physics, Math, or Engineering preferred
Role Type
Permanent
Job Description
We are looking for skilled financial crime Analysts with Experience in validation of Name Screening Solution of Transaction Monitoring System
Responsibilities
- Develop/validate variety of AML models in compliance with global regulatory requirements as well as satisfying business needs, complying to internal model validation standards.
- Analytical understanding of the screening system or transaction monitoring and ability to tune the rules to reduce the false positives.
- Validation of AML models such as transaction monitoring, threshold analysis/tuning, wire transfer monitoring, chain analysis, customer risk rating models
- Assist with development and execution of specific validation plan to include reviews of inputs, outputs, model theory, controls and documentation. Model calibration assistance may also be required.
- Review the underlying assumptions, inputs, conceptual soundness and theory, developmental evidence, implementation and output of the model being evaluated.
- Perform statistical analysis, benchmarking and back-testing of AML models.
- Identify and quantify model risk associated with the model being validated.
- Document results of model validation procedures. Prepare validation report and technical documents for the model being validated.
Requirements
- The candidate should have 3+ years of experience in the validation of sanctions screening processes and Transaction Monitoring systems.
- Sound knowledge of regulatory practices in AML, OFAC and sanctions, and local laws
- Well versed with threshold tuning methodologies & implementation. Exposure to ATL/BTL
- Very strong experience in SAS, R, python, and SQL programming.
- Experience with Model Validation preferably experience managing a model validation engagement is required
- Experience required with one or more of the following systems
- Actimize
- Verafin
- Mantas
- SAS AML
- Norkom
- Patriot Officer
- BAM+
- FCRM (Fiserv)
- Experience calibrating the models preferred
- Excellent written and verbal communication skills with a focus on detailed and clear technical writing
Other skillsets
- The candidate should have attention to detail and excellent analytical, problem-solving, and time management skills.
- Oral and written communication skills in English and the ability to understand compliance policies and process assigned tasks in accordance with procedures.
- Willingness and commitment to walk extra mile to achieve client delight and ensure high quality output delivery within stringent timelines
- Ability to manage own assignment independently and help the team when needed.
- Ability to work with colleagues/clients located globally, and client. Strong stakeholder management skills
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