What are the responsibilities and job description for the Senior Manager, AML Model Development position at Diverse Lynx?
Role : Senior Manager, AML Model Development
Type : Contract
Work Location : Boston, MA / Remote
Contract Duration : Long Term
In this role, you will be responsible for AML Model Development for a BFS client in North America
Responsibilities
You will be primarily working for the centralized advanced analytics team of a banking firm to help develop leading edge AML models for transaction monitoring, name matching, watch-list monitoring, customer risk scoring as well as providing input to the framework for model development. The role will require interacting with various business units including their risk, finance, controllership stakeholders etc. You will also be responsible for coordinating with auditors and model development teams to ensure the AML and Enterprise Modeling Governance standards are followed; Your activities will include, but will not be limited to the following :
- Provide analytical support for recommending actions to mitigate risk and use judgment-based decision-making regarding AML policies and procedures
- Accomplish the objectives of the Enterprises' AML Program through effective oversight and support of critical AML applications
- Assess the quality of the data for model development as well as inputs to the model, providing recommendations to improve the data quality at the source
- Developing rule based, statistical or machine learning based AML models, rule fine tuning / optimization, testing, reviewing and performing validation activities and prepare end to end model documentation
- Propose recommendations to improve monitoring systems and capabilities based on identified risk and control gaps
Minimum qualifications :
Preferred qualifications
Diverse Lynx LLC is an Equal Employment Opportunity employer. All qualified applicants will receive due consideration for employment without any discrimination. All applicants will be evaluated solely on the basis of their ability, competence and their proven capability to perform the functions outlined in the corresponding role. We promote and support a diverse workforce across all levels in the company.
