Model Risk AML (Fin Crime) Consultant
Location : Chennai
About
At Deloitte, we do not offer you just a job, but a career in the highly sought-after risk management field. We are business leaders in the risk market and work with a vision to make the world more prosperous, trustworthy, and safe. Our clients, primarily based outside of India, are large, complex organizations that constantly evolve and innovate to build better products and services. In the process, they encounter various risks and the work we do to help them address these risks is increasingly important to their success and to the strength of the economy and public security.
By joining us, you will get to work with diverse teams of professionals who design, manage, and implement risk-centric solutions across a variety of domains. In the process, you will gain exposure to the challenges related to risk management faced in todays world by organizations across a range of industry sectors and become subject matter experts in those areas.
The Team
Within Deloitte, Model Risk Management (MRM) is one of the services we offer to our clients where we help them manage their risks around model usage. The team is comprised of professionals with diverse backgrounds, including Masters in Statistics, Mathematics, Physics, Finance, Financial Engineering and PhDs in various quantitative fields, etc. Our team is focused on qualitative assessment and quantitative modeling in the areas of Market Risk, Credit Risk, Operational Risk, Liquidity Risk, Fraud Risk as per regulatory guidelines like CCAR/Stress Testing, BASEL II.5 / III in US and CRD IV/CRR in EMEA regulations. The team also does valuation of complex financial products such as derivatives and structured products. Our value proposition includes industry, financial accounting and business process knowledge, proven methodologies that include risk and control concepts, deep expertise in advanced quantitative, data extraction, data mining and analytical skills.
Work youll do
The key job responsibilities will be to:
Develop and maintain Financial Crime models, including AML Feeder models, Sanction Screening models through statistical analysis, and generate the necessary documentation
Solve data analytical problems in risk management, identify new business insights and opportunities from data, and enhance risk management tools.
Apply conceptual and quantitative depth in modeling methodologies and concepts for risk models for banks as required by regulatory guidance.
Apply strong analytical and computer skills including experience with statistical and quantitative analysis technical tools such as: SAS, Python, R, SQL.
Explain difficult statistical modeling concepts to diverse, non-quantitative client contacts and to experts at various clients.
Required skills
Familiarity with mathematics or statistical concepts like regression, classification, time series, hypothesis testing, distribution analysis, ATL/BTL testing, performance monitoring etc.
Familiarity with prevalent AI/ML techniques including ANNs, Decision Trees and Ensemble techniques like XGBoost
Familiarity with vendor-based transaction monitoring and sanction screening models.
Experience in Anti-Financial Crime use cases involving Event Processor Next Generation, Quantified and Customer Risk Assessment
Experience in Financial Crime Case Generation Analytics
Strong programming skills in R, Python, SAS, SQL etc.
Proficient in deploying datasets for production environments and data calibration Experience in executive and technical report writing
Understanding of AML and sanction screening regulatory environment
Strong organizational and time management skills, with the ability to manage multiple priorities Ability to analyze complex issues and develop effective solutions
Flexible to work on extended shifts overlapping with US/UK counterparts.
Preferred skills
Strong data science foundation
Experience working with a Bank / Consultative environment
Qualification
Bachelors/Masters/PhD degree
How youll grow
At Deloitte, weve invested a great deal to create a rich environment in which our professionals can grow. We want all our people to develop in their own way, playing to their own strengths as they hone their leadership skills. And, as a part of our efforts, we provide our professionals with a variety of learning and networking opportunitiesincluding exposure to leaders, sponsors, coaches, and challenging assignments to help accelerate their careers along the way. No two people learn in the same way. So, we provide a range of resources including live classrooms, team-based learning, and eLearning. DU: The Leadership Center in India, our state-of-the-art, world-class learning Center in the Hyderabad offices is an extension of the Deloitte University (DU) in Westlake, Texas, and represents a tangible symbol of our commitment to our peoples growth and development. Explore DU: The Leadership Center in India.
Deloittes culture
Our positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. Deloitte is committed to achieving diversity within its workforce, and encourages all qualified applicants to apply, irrespective of gender, age, sexual orientation, disability, culture, religious and ethnic background.
We offer well-being programs and are continuously looking for new ways to maintain a culture that is inclusive, invites authenticity, leverages our diversity, and where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte.
Corporate citizenship
Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with Deloittes clients, our people and our communities. We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloittes impact on the world.
Recruiting tips
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Benefits
We believe that to be an undisputed leader in professional services, we should equip you with the resources that can make a positive impact on Deloitte is a global professional services firm that provides a wide range of services, including audit and assurance, consulting, tax, risk management, and financial advisory. With a presence in over 150 countries and a network of member firms, Deloitte serves clients across various industries, helping them solve complex business challenges, improve operations, and innovate. Known for its expertise in management consulting, technology solutions, and strategy, Deloitte is one of the Big Four accounting firms and is recognized for its commitment to quality, integrity, and making an impact in the marketplace.About Company
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