Washington D.C., DC30+ days ago
Main Duties: • Conduct model validation, implementation, tuning and optimization of AML and Sanctions models, on and off site, issue written reports and workpapers, and communicate results with customers; • Conduct data validation exercises such as data quality testing and data reconciliation; • Develop test scripts corresponding to scope of the testing engagement and business expectations; • Conduct statistical analysis, outlier detection, sensitivity analysis, above-the-line and below-the-line testing on financial transaction data, transaction monitoring alert data, and sanctions screening alert data; • Track and validate the implementation of remedial actions submitted by the remedial actions owners to verify that issues were remediated; • Follow up as necessary; • Monitor regulatory activities and industry developments to identify trends and emerging issues that may impact the clients and may require changes to the compliance testing program; • Build, enhance or localize model risk management programs including coverage assessments, change management, access management procedures, internal controls, and transaction monitoring and watchlist systems; • Assist clients with day‐to‐day compliance requirements; • Serve as subject matter expert to customers; • Assist with cultivating new business with existing and new clients, participating in proposal development, and networking; Applicants must be authorized to work in the U.S. without sponsorship now or in the future. Responsibilities: • Designing and/or updating testing strategies (e.g., data quality testing, data reconciliation, above-the-line and below-the-line testing, statistical analysis) which will aid in the independent validation of financial crimes detection and sanctions screening models.