Business
Overview:
The U.S. Financial Security
Department's AML/BSA Business Analyst is responsible for capturing business
requirements, assisting on the user acceptance testing of a variety of
platforms including Actimize based AML monitoring models, as well as, various
other AML, KYC, and Sanctions systems as required. Act as a Business/Systems
Analyst, Specification Writer, Implementation Support Resource and Subject
Matter Advisor, engaging a diverse set of Business groups (Compliance, Business,
etc.) and Technology groups to deliver solutions for Financial
Compliance/Regulatory Reporting needs.
Responsibilities:
Evaluate
existing models and scenarios; conducting model and scenario tuning,
optimization and validation
Make
recommendations to improve AML surveillance through the development of new risk
models, model validation, statistical analysis of model thresholds, negative
testing, and other sensitivity and productivity analyses
Rationalize and document business rules, thresholds, parameters
and scoring methodology of the system.
Conceptualize and develop new rules/models to address emerging
trends and red flags.
Execute
hypothesis testing, various regression analysis techniques, clustering
analysis, and tests for activity and behavior variances
Execute
appropriate statistical or mathematical tests to recommend threshold
implementation decisions
Support the AML Group’s periodic risk assessments through
the analysis of data elements related to potential indicators of customer,
product, or geographic risk, evaluating and enhancing the AML Group’s risk
rating methodologies, and identifying new quantitative factors that can be
incorporated into the risk assessment process
Minimum Required Qualifications:
Bachelor’s degree (or beyond) with outstanding
academic credentials
5 – 8 years of relevant industry experience
Professional experience at a large financial
institution or financial services data types
Understanding of statistics, different
distributions, hypothesis testing, regression etc.
Self-sufficiency in SQL (functions, procedures and
packages)
Data mining
Time management skills and ability to execute tasks
within tight deadlines
Excellent Analytical, oral and written
communication skills—the ability to communicate with varied audiences and
stakeholders (IT, senior management, etc.)
Excellent interpersonal skills necessary to work
effectively with colleagues
High level of computer literacy
Preferred Qualifications:
Statistician
that can apply data analysis and statistical modeling techniques to improve a
business process and present recommendations, not just results, in a
non-technical, business-friendly way for consideration by Compliance senior
management stakeholders
Experience
with statistical modeling and data visualization tools like R, Tableau,
Spotfire, Qlikview
ACAMS
certified
Experience
with AML transaction monitoring tools like Actimize, Mantas, Norkom etc.
Good
understanding of AML processes and relevant regulatory issues
Must possess
the ability to research and resolve issues independently while working across
teams to acquire information
Ability to
manage multiple priorities and tasks with the skills to adapt to changes in a
fast-paced environment
FINRA Registrations Required:
Primary Location: US-NJ-Jersey CityJob Type: Standard / PermanentJob: MISCELLANEOUSEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 5 yearsSchedule: Full-time
Behavioural competency: Attention to detail / rigorTransversal competency: Ability to develop and adapt a process