Senior Director, Model Risk – Financial Crimes

Job not on LinkedIn

November 12

🗽 New York – Remote

Although this job is listed in New York, this company may be open to hiring remote in other states.

💵 $140k - $300k / year

⏰ Full Time

🟠 Senior

🚨 AML and Financial Crime

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OKX

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Crypto • Web 3 • Fintech

OKX is a cryptocurrency exchange offering a comprehensive suite of trading solutions for both retail and institutional investors. The platform facilitates buying, selling, and trading of various cryptocurrencies with low fees, powerful tools like trading bots, and deep liquidity markets. OKX provides services such as quick crypto conversion, a liquid marketplace, and managed trading. It serves institutional traders with an advanced API connectivity, historical market data, and a robust OTC liquidity network. The company aims to ease the crypto trading and buying process, even integrating with Web3 technologies and offering educational resources for new users.

1001 - 5000 employees

Founded 2017

₿ Crypto

🌐 Web 3

💳 Fintech

📋 Description

• Develop and lead the execution of a comprehensive, independent model validation program for all financial crimes risk models across OKX's global platforms • Conduct in-depth reviews of model design, data quality, conceptual soundness, implementation accuracy, and ongoing performance for a suite of financial crimes models. • Validate both traditional (transaction monitoring, sanctions screening, fraud detection systems) and crypto-native modeling-methods (blockchain analytics, wallet monitoring, etc). • Review model performance and design and conduct independent model testing, stress testing, and benchmarking to specifics of the model’s type, implementation and usage. • Research and integrate advanced statistical techniques, machine learning, and stress testing scenarios into the validation framework to assess model robustness against emerging financial crime threats. • Maintain documentation and support model governance in accordance with internal policies and regulatory expectations. Assist on periodic model performance review or revalidation. • Prepare and present clear, impactful validation findings, limitations, and recommendations to the Executive Risk Committee, Compliance Leadership, and Internal Audit.

🎯 Requirements

• Advanced Degree (MsC or Ph.D.) in a highly quantitative field such as Statistics, Mathematics, Physics, Computer Science, or Engineering. • Deep domain expertise of global AML regulations, sanctions regimes (OFAC, UN, EU), and their practical application within both traditional finance and crypto environments. • Significant experience gained working with large, complex financial institutions (e.g. Tier 1 Bank, Fintech/Payment provider) is essential, demonstrating mastery of traditional model governance principles. • Strong knowledge of machine learning techniques, financial modeling and statistical techniques in Finance (TradFi or crypto). Hands-on experience with stochastic calculus and numerical methods in pricing and risk models. • Proficiency in programming languages such as C, C++, Java, Python or equivalent. Experience with data handling and statistical analysis (e.g., pandas, NumPy, scikit-learn, SQL). • Exceptional ability to lead discussions with model developers, effectively challenge assumptions, and clearly communicate complex findings to both technical quants and non-technical senior executives.

🏖️ Benefits

• Competitive total compensation package • L&D programs and Education subsidy for employees' growth and development • Various team building programs and company events • Comprehensive healthcare schemes for employees and dependants • More that we love to tell you along the process!