Verafin Model Administrator

Madison-Davis
  • Bethesda, MD
  • Quick Apply
30+ days ago

Job Description

  • Configure, maintain, and optimize AML transaction monitoring scenarios and detection models to identify suspicious activity while reducing false positives.
  • Perform ongoing scenario tuning and threshold adjustments based on risk assessments, regulatory guidance, and operational performance.
  • Execute quality assurance testing for system updates, new monitoring scenarios, and model enhancements prior to production deployment.
  • Monitor alert volumes, analyze trends, and recommend model and process improvements to improve monitoring effectiveness.
  • Partner with AML investigators and compliance teams to evaluate alert quality and refine monitoring parameters.
  • Generate and analyze reports related to alert activity, case outcomes, disposition trends, and system performance metrics.
  • Ensure transaction monitoring configurations remain aligned with applicable BSA/AML regulatory requirements and industry best practices.
  • Maintain documentation for monitoring logic, tuning decisions, testing, and system changes to support governance and audit requirements.
  • Act as a subject matter expert for the transaction monitoring platform and provide guidance and training to internal stakeholders.
  • Coordinate with technology teams and third-party vendors on system enhancements, integrations, upgrades, and issue resolution.
  • Support internal audits and regulatory examinations by providing documentation and explanations of monitoring methodologies.
  • Partner with project teams to develop business requirements, testing strategies, test scripts, and implementation plans for system enhancements.
  • Execute database queries and assist with the preparation of recurring and ad hoc compliance reporting and dashboards.
  • Identify system issues, recommend enhancements, and communicate improvement opportunities to management.
  • Perform additional duties as assigned while ensuring compliance with company policies and regulatory standards.

Numbers & Facts

LocationBethesda, MD

Skills

  • Analysis Skillsunmatched
  • Best Practicesunmatched
  • Business Developmentunmatched
  • Corporate Policiesunmatched
  • Documentationunmatched
  • Identify Issuesunmatched
  • Internal Auditunmatched
  • Maintain Complianceunmatched
  • Money Launderingunmatched
  • People Managementunmatched
  • Performance Metricsunmatched
  • Problem Solving Skillsunmatched
  • Process Improvementunmatched
  • Process Modelingunmatched
  • Quality Assuranceunmatched
  • Quality Monitoringunmatched
  • Regulationsunmatched
  • Regulatory Requirementsunmatched
  • Reporting Dashboardsunmatched
  • Requirements Managementunmatched
  • Risk Analysisunmatched
  • System Integration (SI)unmatched
  • Systems Maintenanceunmatched
  • Test Scriptsunmatched
  • Test Strategyunmatched
  • Testingunmatched
  • Training/Teachingunmatched
  • Transaction Processing/Managementunmatched
  • Trend Analysisunmatched

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