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.