Job title: AML Analytics-Sr.Consultant
Position Summary: We are growing rapidly and need a motivated, technical, highly skilled, and experienced Analytics/Tech Senior Staff to support our AML Transaction Monitoring and Sanctions engagement teams. The ideal candidate will have a strong background in AML compliance, Transaction Monitoring, Sanctions screening, and/or Financial Crime Prevention, particularly in delivering Technology/Systems Implementation, AML technology enhancements, Model Validation, Data Validations, Rules/Parameter Tuning, Coverage Assessment, and/or Transaction Monitoring Lookback Analysis. Preferred technical skills include proficiency in data analytics, SQL, SSIS, Python, AI/ML models, statistical methods for tuning, and a thorough understanding of US AML and Sanctions regulations. Technical experience with prominent AML platforms/solutions (e.g., Actimize, Oracle FCCM, SAS AML, Fircosoft, Quantexa, Fenergo) and knowledge of banking data (e.g., SWIFT, ISO 20022, ACH) is preferred.
Key Responsibilities:
Transaction Monitoring Implementation:
o Design, development, and implementation of transaction monitoring systems.
o Ensure that monitoring systems are effectively identifying suspicious activities and are compliant with regulatory requirements.
Transaction Monitoring Model Validation:
o Conduct comprehensive validation of transaction monitoring models to ensure accuracy and effectiveness.
o Develop and execute testing plans to assess model performance and identify areas for improvement.
o Document validation processes and findings, providing recommendations for model enhancements.
Transaction Monitoring Lookback Analysis:
o Conduct lookback analyses to review historical transaction data for potential missed suspicious activities.
o Develop and customize rules in SQL to enhance transaction monitoring capabilities.
o Tune thresholds using statistical methods to optimize the detection of suspicious activities while minimizing false positives.
o Document lookback analysis processes, findings, and recommendations.
Regulatory Compliance:
o Stay current with US AML regulations and ensure transaction monitoring practices are compliant.
o Provide guidance and training to team members on regulatory requirements and best practices.
o Participate in regulatory examinations and audits, providing necessary documentation and responses.
Qualifications:
o Bachelor's degree in Computer Science, or a related field.
o Minimum 5 years of experience in data analytics.
o Minimum of 3 years of experience in AML compliance, with a focus on transaction monitoring and sanctions screening.
Experience with AML transaction monitoring software (e.g., Actimize, Oracle FCCM, Fircosoft, SAS AML).
Proficiency in SQL, SSIS, and Python for data extraction, transformation, and data analysis.
Extensive experience with data analytics tools and techniques.
Excellent analytical, problem-solving, and decision-making skills.
Excellent communication and interpersonal skills.
Preferred Skills:
Familiarity with machine learning and artificial intelligence applications in transaction monitoring.
Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) are a plus.