Aml/Ofac Systems Analyst Sr

Position Title

AML/OFAC Systems Analyst Sr

Location

NYCB Plaza - 100 (Hicksville, NY)

Job Summary

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.

Pay Range: $71,600.00 - $87,947.00 - $132,600.00

Job Responsibilities:

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.

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.