What are the responsibilities and job description for the Sr. Associate-AML Model Development position at JS Consulting Solutions?
Job Details
Position: Sr. Associate-AML Model Development
Location: Boston, MA
100% Remote Role
Sr. Associate-AML Model Development
Sr. Associate - AML Model Development Boston, United States of America
Essential Functions/Responsibility Statements:
- Collaborates with Model Owners, Model Risk Management, and various stakeholders throughout the organization to translate business requirements to technical requirements for model development, enhancement, tuning, optimization, and monitoring of model performance.
- Assess model health within a given framework using statistical methods, evaluation of assumptions, and drive timely remediation efforts.
- Execute on Book of Work for Compliance Risk Models, support project implementation impacting Compliance and its areas of oversight and collaborate with SHUSA and its subsidiaries to design various performance metrics.
- Ensure that all the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions and provide requisite information in support of independent audit activities.
- Perform analytical research in support of the Compliance Department, with a strong focus on AML/BSA, including the design, development, and implementation of information-based business solutions.
- Develop complex inquiries with SQL, Python and ETL to perform analyses of the underlying data in our systems and highlight trends, issues, and findings. Develop reporting solutions, including designing stored procedures, view queries, and tables.
- Serve as a key Subject Matter Expert in the implementation of new technology initiatives to enhance the Compliance data repositories, reporting, analytics, and overall program with a strong focus on AML/BSA compliance.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education:
- Bachelor's Degree or equivalent work experience: Mathematics, Physics, Statistics or equivalent quantitative field.
- Master's degree in Computer Information Systems, Business Analytics, or related field
Work Experience:
- 9 years
- AML/OFAC exposure, Model Development experience
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.
