The Compliance function manages compliance and regulatory risk by establishing compliance policies, providing training, conducting compliance reviews, and coordinating regulatory examinations and relations. The Financial Crime Compliance ("FCC") team within Compliance is responsible for the Anti-Money Laundering ("AML"), Sanctions, and Anti-Bribery & Corruption programs.
Summary
FCC Modelling & Analytics team is responsible for ensuring that the AML and Sanctions models and systems are designed appropriately and executed effectively that they are meeting all required model governance standards. The models include the customer risk rating, transaction monitoring, transaction filtering and trade surveillance. The director in the Modelling & Analytics will work as the deputy head of the function to build out best practices and drive initiatives, and will work closely with stakeholders from AML, Sanctions, the Chief Information Office (including technology, operations, and data management), and the businesses.
Maintaining a list of risks and typologies identified by regulators, standard-setters (FATF), and law enforcement
Identifying the products and services that require TM
Mapping those risks and typologies to our products and services that require monitoring
Maintaining an inventory of the monitoring in place (both automated and manual) for our applicable products and services
Determining the coverage of the applicable risks and typologies in the monitoring in place for each applicable product and service
Perform an annual Scope of Monitoring Exercise to identify the source systems that feed the TM s and Sanctions systems and the underlying transaction types for each system and determines which are "relevant" requiring monitoring, and to determine if the relevant codes are feeding the automated and manual solutions
Customize and implement AI based Transaction Monitoring system based on the assessments results
Conduct routine TM Productivity Assessment to ascertain the effectiveness of the TM system
Tune and optimize the models based on the ATL/BTL and Productivity Assessment results
Execute the model risk framework and standards for the AML and Sanctions models in accordance with the Mizuho Model Risk Policy
Support sanctions list management and BAU tuning exercises
Conduct annual assessment on customer risk rating model inputs and thresholds
Oversee the annual model validation of the transaction monitoring and sanctions models
Work with IT to establish and monitor data quality controls between point of exchange systems and our AML and Sanctions systems
Partner with the CIO function on the broader Data Program Roadmap
Liaise with Head Office regarding model changes, approvals, and communication of any issues
Lead / coordinate user acceptance testing and data validation programs
Qualifications
8+ years' experience in Modelling and Analytics with a focus on AML and Sanctions
Bachelor's degree; master's degree desired
Working knowledge of the legal and regulatory obligations applicable to money laundering and sanctions
Strong analytical skills with attention to details and able to make judgements based on data
Excellent writing, communication and research skills and able to drive initiatives
Ability to communicate complex topics to audiences in a simple and easy-to-understand manner
Experience with trade compliance models is a plus
The expected base salary ranges from $150,000.00 - $245,000.00. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
