BSA AML & OFAC Sanctions Model Validation Specialist

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June 23

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DHD Consulting

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Recruitment • HR Tech • Consulting

DHD Consulting is a company that specializes in career services, including recruiting, career consulting, coaching, and corporate training. They are committed to fostering collaboration and connecting the right people to the right jobs, creating positive energy in the workplace and enhancing career growth for individuals and organizations. With a focus on customer satisfaction, DHD Consulting works diligently to place candidates in positions that match their skills and aspirations.

11 - 50 employees

Founded 2019

🎯 Recruiter

👥 HR Tech

📋 Description

•This is a contract role for a BSA AML Model Validation and Tuning specialist •The role involves day-to-day tasks related to validating and tuning thresholds of BSA AML models to ensure compliance and effectiveness. •Testing of data inputs, including data quality issues, data mapping, ETL processes, balancing and reconciliation controls, data lineage, throughput, and back-testing •Execute BSA AML transaction monitoring scenario and OFAC threshold tuning based on the clients' methodology documentation •Testing that the model logic is working as intended •Evaluation of model performance, including tuning and sanctions sensitivity testing •Engagement Management: provide oversight and guidance to the testing team for efficient engagement delivery, maintain engagement budget, provide timely reporting of engagement progress to the client and engagement executive.

🎯 Requirements

•Bachelor's and/or advanced degree with a concentration in Data Management or Analytics; Finance; Computer Science, Management Information Systems, or Statistics/Mathematics. •Extensive experience leading or facilitating AML/BSA reviews, compliance advisory engagements, or internal audits for globally diversified financial institutions. •Alternatively, 8+ years of hands-on experience in model validation, AML system implementation, data lineage analysis, or data quality testing in alignment with SR 11-7 regulatory expectations. •Effective project and time management, collaboration, and communication skill with all levels of the organization, including excellent organizational skills and experience monitoring deadlines and tracking documentation for timely submission to senior management and/or regulators. •Strong understanding of banking regulations FRB, OCC, FDIC, NYDFS •Proficiency in Business Process and Business Requirements Analysis •Strong Business Analysis skills •Strong organizational, interpersonal, and presentation skills. •Strong teamwork, communication, and customer service skills. •Strong analytical, attention to detail, organizational, and core project management skills. •Possesses knowledge of the challenges of data cleansing and integration.