AML/OFAC Systems Analyst Sr

The Senior AML/OFAC Systems Analyst is a seasoned financial technology professional with vast experience in AML systems rules engine tuning, AML systems administration, support, and implementation of small / medium scale AML enhancement and compliance projects. Manages various AML systems including but are not limited to; Transaction monitoring model, Customer risk rating model, CTR reporting, OFAC screening and regulatory reporting systems.

ESSENTIAL FUNCTIONS

• Responsible for performing analysis, interpreting results and developing actionable insights to accelerate operational excellence, demonstrate compliance and mitigate risk.
• Presents data and analysis in a clear and concise manner allowing the audience to quickly understand the results and recommendations so they can make informed data driven decision.
• Supports and maintains vendor models used by the AML group for transaction monitoring, customer risk rating and sanctions screening.
• Applies appropriate quantitative techniques such as exploratory data analysis, regression analysis, supervised and unsupervised learning, feature engineering, statistical sampling, and data visualization.
• Maintains and creates AML rules, control system parameters, and interface tables.
• Develops scenarios involving tuning, calibration, segmentation and optimization.
• Develops, coordinates, and executes AML system testing activities involving multiple departments for system upgrades, conversions and migration.

•   Ensures issues are identified, tracked, reported on and resolved in a timely manner.
  • Maintains AML system support logs, issue logs, and user access lists.
  • Develops and maintains all AML system related procedures, statistics, and special reports using host system report writers and other tools.
  • Creates, maintains and updates documentation for AML systems including parameter changes and administrative procedures.
• Provides routine and ad hoc reporting tied to AML/BSA compliance and risk.
• Works directly with and serves as the liaison between BSA business groups, bank IT teams and external vendors.
• Collaborates with multiple vendors and provide subject matter expertise and critically analyze the recommendations provided for AML systems enhancement.
  • Coordinates with vendor teams for application support and periodic upgrades.
  • Participates in vendor user groups.

ADDITIONAL COMMENTS

• Performs special projects, and additional duties and responsibilities as required.
• Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

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QUALIFICATIONS:

Education and experience:

• Bachelor’s degree in Business Administration, Information systems, or Data Analytics.
• Minimum of seven (7) years of relevant experience in data analytics, compliance technology and risk management.
• Experience with AML transaction monitoring applications or other major compliance products, preferably Fiserv FCRM not excluding Mantas and Actimize.
• Experience with database technology platforms preferably MS SQL Server or similar database technologies.
• Experience with reporting tools, preferably Microsoft BI or Cognos business intelligence desired.
• Proven experience working with model risk management in the model validation process.
• ACAMS certification is a plus.

Knowledge, skills and abilities:

• Excellent knowledge of AML transaction monitoring applications and compliance products, preferably Fiserv FCRM not excluding Mantas and Actimize.
• Strong analytic skills and problem solving with the ability to extract, collect, organize, analyze and interpret trends or patterns in complex data sets.
• Advanced analytics and statistics skills.
• Advanced knowledge of business intelligence/data exploration and visualization tools.
• Good knowledge of database technology platforms preferably MS SQL Server or similar database technologies.
• Strong knowledge of model risk management in the model validation process.
• Highly developed analytical skills.
• Ability to effectively collaborate with multiple vendors and provide subject matter expertise and critically analyze the recommendations provided for AML systems enhancement.
• Ability to define detailed testing strategy and identify risks for AML enhancement, migration and integration projects. 
• Ability to effectively work with internal business groups and external vendors.
• Ability to manage multiple projects.