Strategic AML and Sanctions Compliance Expert

7 days ago


Seattle, Washington, United States Tbwa ChiatDay Inc Full time

Merge with a leading fintech company that revolutionizes finance for startups. As the Head of Model Risk Management, you will lead the development, implementation, and management of the model risk management framework for Anti-Money Laundering (AML) and sanctions compliance.

About Us

We are building a complete finance stack for entrepreneurs and business owners. Our mission is to create an easy and safe banking experience while protecting our customers and the broader financial ecosystem from bad actors and harmful activities.

Job Description
  • Drive and own oversight of Mercury's AML & Sanctions detection rules/models.
  • Ensure regulatory standards and internal policy requirements are met in model development, validation, and ongoing monitoring.
  • Represent Model Risk Management controls to our financial partners and internal stakeholders.

Responsibilities:

  1. Model Risk Management Framework: Lead the development, implementation, and management of the model risk management framework for AML and sanctions compliance.
  2. Emerging Risks and Regulatory Developments: Provide thought leadership and guidance on emerging risks, regulatory developments, and advancements in AML/sanctions model techniques.
  3. Cross-Functional Collaboration: Support cross-functional teams responsible for creating new models, understand documentation requirements, and testing requirements prior to model deployment.
  4. Regulatory Compliance: Ensure models comply with relevant regulations, including OFAC, FATF, FinCEN, FFIEC, and other global financial crime frameworks.
  5. Stakeholder Engagement: Serve as the primary point of contact with partners and internal audit teams regarding model risk management for AML and sanctions.

Qualifications:

  • Bachelor's degree or relevant industry experience in quantitative fields like Finance, Statistics, Mathematics, Computer Science, or Economics. A Master's degree or PhD is preferred.
  • 10+ years of experience in model risk management, financial crime compliance, or related fields, with a focus on AML and sanctions, and at least 5+ years of direct people management experience.
  • Strong knowledge of regulatory requirements and industry standards related to AML, sanctions, and financial crime compliance.
  • Proficiency in quantitative modeling techniques, statistical analysis, and machine learning methodologies.
  • Experience working with AML transaction monitoring systems and sanctions screening tools.

The estimated salary for this role is $251,800 - $296,200 annually, depending on location and experience. We offer a competitive total rewards package, including equity, benefits, and opportunities for growth and professional development.



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