AML Testing and Model Validation Analyst

$65,000 - $85,000/Yr

Oppenheimer & Co. - New York, NY

Full-time - Mid Level

New York, NY

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The AML Testing and Model Validation Analyst at Oppenheimer & Co. Inc. plays a crucial role in the AML Compliance Department, focusing on testing and validating the firm's AML Compliance Program's systems and processes. This position involves analyzing AML models, assessing their soundness, and ensuring data integrity while providing clear validation reports and recommendations for enhancements.

Responsibilities

• Analyzing various AML models and filtering programs through extensive reviews targeting model development, functionality, and change management.
• Assessing model conceptual soundness including limitations and assumptions, end-to-end data integrity, model implementation accuracy, and performance.
• Writing validation reports clearly explaining the theory and logic behind design decisions, analyses performed, implications of results, and recommended enhancements.
• Participating in other data or tech-related activities including creating ad-hoc data reports, interactions with IT developers and regulatory examiners.

Requirements

• Bachelor's Degree in relevant discipline (e.g., IT, Computer Science, Mathematics, Statistics, Analytics, or other related field)
• Advanced MS Excel skills
• Familiarity with one or more of the following: MS SQL queries, R, Python, etc.
• Experience with validating AML systems, or similar technical models, preferred.
• Experience in, or desire to learn, AML or regulatory risk management compliance.
• Foundational understanding of ETL & data warehouse principles, preferred.
• Effective communication skills, both verbally and (especially) written.

Benefits

• Discretionary bonus eligibility