Financial Crimes Modelling & Analytics (Finance)
Financial Crimes Modelling & Analytics
The Compliance function manages compliance and regulatory risk by establishing compliance policies, providing training, conducting compliance reviews, and coordinating regulatory examinations and relations. The Financial Crime Compliance ("FCC") team within Compliance is responsible for the Anti-Money Laundering ("AML"), Sanctions, and Anti-Bribery & Corruption programs.
Summary
FCC Modelling & Analytics team is responsible for ensuring that the AML and Sanctions models and systems are designed appropriately and executed effectively that they are meeting all required model governance standards. The models include the customer risk rating, transaction monitoring, transaction filtering and trade surveillance. The director in the Modelling & Analytics will work as the deputy head of the function to build out best practices and drive initiatives, and will work closely with stakeholders from AML, Sanctions, the Chief Information Office (including technology, operations, and data management), and the businesses.
Responsibilities
- Execute the annual Transaction Monitoring (TM) Risk & Typology Coverage Assessment, including:
- Maintaining a list of risks and typologies identified by regulators, standard-setters (FATF), and law enforcement
- Identifying the products and services that require TM
- Mapping those risks and typologies to our products and services that require monitoring
- Maintaining an inventory of the monitoring in place (both automated and manual) for our applicable products and services
- Determining the coverage of the applicable risks and typologies in the monitoring in place for each applicable product and service
- Perform an annual Scope of Monitoring Exercise to identify the source systems that feed the TM s and Sanctions systems and the underlying transaction types for each system and determines which are "relevant" requiring monitoring, and to determine if the relevant codes are feeding the automated and manual solutions
- Customize and implement AI based Transaction Monitoring system based on the assessments results
- Conduct routine TM Productivity Assessment to ascertain the effectiveness of the TM system
- Tune and optimize the models based on the ATL/BTL and Productivity Assessment results
- Execute the model risk framework and standards for the AML and Sanctions models in accordance with the Mizuho Model Risk Policy
- Support sanctions list management and BAU tuning exercises
- Conduct annual assessment on customer risk rating model inputs and thresholds
- Oversee the annual model validation of the transaction monitoring and sanctions models
- Work with IT to establish and monitor data quality controls between point of exchange systems and our AML and Sanctions systems
- Partner with the CIO function on the broader Data Program Roadmap
- Liaise with Head Office regarding model changes, approvals, and communication of any issues
- Lead / coordinate user acceptance testing and data validation programs
Qualifications
- 8+ years' experience in Modelling and Analytics with a focus on AML and Sanctions
- Bachelor's degree; master's degree desired
- Working knowledge of the legal and regulatory obligations applicable to money laundering and sanctions
- Strong analytical skills with attention to details and able to make judgements based on data
- Excellent writing, communication and research skills and able to drive initiatives
- Ability to communicate complex topics to audiences in a simple and easy-to-understand manner
- Experience with trade compliance models is a plus
The expected base salary ranges from $150,000.00 - $245,000.00. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
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