Snr Specialist, FCSO TM & Fraud Analytics

About the position

Be part of FCSO Analytics team responsible for managing Analytics and Data Science initiatives/ activities for FCSO Transaction Monitoring function. Provide the necessary skillset to advance the usage/implementation of Artificial Intelligence/Machine Learning techniques/processes in financial crime space and address current process/ control gaps.

Responsibilities

• Support in the development of newer analytics methods to enhance Optimisation model development process through feedback and collaboration with the onshore team.
• Work on processes such as threshold tuning, reconciliation, segmentation, optimisation etc. associated with the Transaction Monitoring function across products such as CASA, Trade, Credit Cards, Securities and Financial Markets.
• Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring optimisation solutions.
• Provide endorsement for changes or remediation activities impacting AML Optimisation models. Also engaging with relevant stakeholders for deploying the changes to production.
• Work towards the collective objectives and scorecard of the business function published from time to time in the form of job and performance objectives for defined periods.
• Single Point of Contact for assigned AML Transaction Monitoring Optimisation Modelling related matters.
• Knowledge of core banking, payment, CDD, securities and other systems and interplay/linkages between them. Understand business domain aspects relevant to AML Monitoring and Case Management.
• Make recommendations (and support in implementation where required) to relevant stakeholders on possible risk mitigants to identified risks or areas of concerns from AML Optimisation Models.
• Collaborate with FCC Advisory teams on determining risk tolerances.
• Provide guidance in understanding technical and AML detection related aspects of Transaction Monitoring systems pertinent to a country.
• Able to conceptualize, design, support and align relevant processes and controls to industry best practice, and close out any compliance gaps.
• Mentoring and conducting training programs to bring the new joiners and team up to speed on new business requirements.
• Liaise with Business / Segment stakeholders to understand the emanating risks and ensuring those are suitably addressed through the Monitoring coverage.
• Provide coaching to peers and new hires to ensure they are highly engaged and performing to their potential.
• Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Apply Group and FCC policies and processes (AML monitoring) to manage risks.
• Provide typology review coverage based on relevant segments/products and validate appropriate monitoring coverage which is fit-for-purpose.
• Engage Advisory teams on Product Risk Assessment reviews, outlining transaction monitoring coverage against products and rationale for deviations.
• Ensure appropriate and valid agreements are in place for consumption of product and segment data for Transaction Monitoring.
• Extend support in the implementation of control improvements, enhancements or simplifications proposed by relevant CFCC Advisory functions.
• Attend relevant business / segment / product related working group meetings.
• Ensure tracking and remediation of surveillance and investigations related regulatory findings.
• Report product and segment related matters impacting monitoring in relevant FCC and Upstream Governance Committees.
• Provide regular progress updates on agreed mitigation actions concerning AML Optimisation Model Issues and enhancements.

Requirements

• Post Graduate degree in Management/Statistics/Mathematics OR Graduate degree in Engineering from a reputed institution.
• Certification from the ACAMS - Association of Certified Anti-Money Laundering Specialists or equivalent.
• Compliance Advisory.
• Manage Risk.
• Surveillance (Specifically Monitoring).
• SQL / HQL / Hive / Hadoop scripting and databases such as Oracle and HaaS.
• R / Python / SAS / STATA / C++ / SCALA Programming.
• Statistical Modelling/ Machine Learning/ Data Analysis.

Benefits

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.