AML Analytics

Role & responsibilities

• Transaction Monitoring Implementation:
• Design, development, and implementation of transaction monitoring systems.
• Ensure that monitoring systems are effectively identifying suspicious activities and are compliant with regulatory requirements.
• Transaction Monitoring Model Validation:
• Conduct comprehensive validation of transaction monitoring models to ensure accuracy and effectiveness.
• Develop and execute testing plans to assess model performance and identify areas for improvement.
• Document validation processes and findings, providing recommendations for model enhancements.
• Transaction Monitoring Lookback Analysis:
• Conduct lookback analyses to review historical transaction data for potential missed suspicious activities.
• Develop and customize rules in SQL to enhance transaction monitoring capabilities.
• Tune thresholds using statistical methods to optimize the detection of suspicious activities while minimizing false positives.
• Document lookback analysis processes, findings, and recommendations.
• Regulatory Compliance:
• Stay current with US AML regulations and ensure transaction monitoring practices are compliant.
• Provide guidance and training to team members on regulatory requirements and best practices.
• Participate in regulatory examinations and audits, providing necessary documentation and responses.

Preferred candidate profile

• Familiarity with machine learning and artificial intelligence applications in transaction monitoring.
• Relevant certifications such as CAMS (Certified Anti-Money Laundering Specialist) are a plus.
• Candidate should have experience in client-facing not customer-facing.
• Anti Money Laundering with Analytics in Power BI, SAAS, or any other Analytical tool.

Qualifications:

• Bachelor's degree in Computer Science, or a related field.
• Minimum 5 years of experience in data analytics.
• 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.