Product Manager - AML Screening

Innovative Systems•Pittsburgh, PA

5d•Hybrid

About The Position

Innovative Systems, a worldwide leader of hi-tech data management, AML compliance, and Payment Screening solutions, is looking for a high-achieving detail-oriented AML Screening Product Manager who wants to be with an organization where they can make a REAL IMPACT! The challenge for an AML Screening Product Manager involves balancing speed, accuracy, and compliance in an environment with rapidly evolving regulatory expectations. Key tensions include delivering real-time decisioning while minimizing false-positive rates, ensuring technical resilience while integrating with diverse third-party data providers and partner tools, and understanding/operationalizing compliance requirements across different jurisdictions, industries, and payment types. The role requires translating regulatory mandates into actionable product functionalities, addressing customer pain points like workflow bottlenecks, alert fatigue, screening latency, and evolving risk typologies. Engaging customers is crucial, as they expect ease of use, rapid enhancements, and high configurability. The PM must continuously prioritize features that minimize customer risk while ensuring the product remains competitive, scalable, and adaptable to new market technologies and functionalities. This role offers the opportunity to define and advance Innovative’s customer sanctions, watchlist, and payment screening capabilities, partnering closely with customers, engineers, and industry experts. The work will directly influence how customers conduct onboarding and payment screening, supporting global requirements for a secure ecosystem. This role is ideal for someone driven by AML, enjoys solving complex problems, and thrives at the intersection of customer needs, technology, and regulation. It is a hands-on role focused on influencing product direction, working directly with customers, and ensuring complex screening flows are executed accurately, efficiently, and defensibly at a global scale.

Requirements

5+ years of Product Management experience
At least 2-3 years supporting AML, sanctions, KYC, fraud, compliance, or financial crime solutions.
Experience reducing false positives and improving screening effectiveness within AML/sanctions screening workflows.
A strong understanding of AML regulations and compliance frameworks
A strong understanding of OFAC, UN, EU, UK HMT, and other sanctions programs
A strong understanding of PEP (Politically Exposed Person) screening
A strong understanding of Adverse media screening
A strong understanding of Customer and payment screening workflows
Strong business requirements writing experience, including taking complex customer requests and feedback and turning them into actionable requirements
Familiarity with global financial crime compliance expectations across banking, fintech, payments, and financial services.
Demonstrated experience defining product vision, roadmap strategy, and prioritization frameworks.
Experience working with APIs, data integrations, and enterprise software platforms.
Define and monitor key product KPIs including screening accuracy, false positive rates, throughput, latency, customer adoption, and operational efficiency.
Experience working within Agile software development environments and managing product backlogs, user stories, and release cycles.
Genuine enthusiasm for engaging with customers, uncovering needs, and translating insights into product improvements.
Strong analytical and problem-solving skills with an ability to interpret complex technical and regulatory requirements.
Excellent communication skills with the ability to engage both technical and non-technical stakeholders.
Ability to manage competing priorities and deliver outcomes in a fast-paced environment.
Collaborative mindset with a strong sense of ownership and accountability.
Infrequent travel may be required for customer visits and industry conferences, representing less than 5% of total work time.
Bachelor’s degree or equivalent experience

Nice To Haves

Screening technology experience with one or more of the following: Name screening, Transaction screening, Watchlist screening, Sanctions screening
Understanding of one or more of the following: Fuzzy matching algorithms, False positive reduction techniques, Entity resolution, Identity matching, Screening workflow optimization
Experience using data and analytics to drive product decisions; familiarity with SQL, BI tools, or product analytics platforms preferred.
Familiarity with AI and machine learning applications in AML, screening optimization, or investigation workflows.
Hands-on experience using FinScan or similar AML/sanctions screening tools.
Prior work experience in a regulated financial institution, including exposure to risk, legal, or audit processes.
CAMS certification.

Responsibilities

Owns the product lifecycle for AML Screening products, including discovery, roadmap development, requirements definition, and release management
Work with Partner Managers to identify new curated data sources and strategic partner integrations.
Develop a deep understanding of customer needs and industry trends to inform product decisions and strategic initiatives.
Partner with engineering, operations, and revenue stakeholders to design and deliver enhancements and new functionality across the screening platform
Analyze screening data, user feedback, and operational metrics to identify optimization opportunities.
Support go-to-market planning, customer onboarding, and internal enablement for new payment capabilities.
Research and understand capabilities of key competitors, their product focus, and serve as an internal expert of the competitive landscape for revenue and product teams.