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Job Purpose:

To be part of the Compliance System Monitoring and Validation function team and to achieve below objectives with a focus on deployments of Finastra total screening, Finastra Customer screening, FIS AML and eGIFTS (“other compliance systems”) across the group:

1. Help in development and implementation of “Other Compliance Systems” System Governance Framework (Comprehensive framework consisting of automated control processes with a view to prove/validate system performance on a daily basis thereby improving overall control environment and regulatory confidence in “Other Compliance Systems” models) for “Other Compliance Systems” deployments across the group
2. Develop programs and automated procedures to deploy the automated controls that constitute the System Governance framework
3. Monitor and validate system and data architecture performance on a daily basis using control and reconciliation mechanisms deployed as part of the system governance framework
4. Analyse the impact of system and data failures, develop reports to senior management and oversee design and implementation of remedial measures
5. Undertake random control testing on “Other Compliance Systems” architecture (system + data architecture) on a frequent basis and prepare/execute relevant remedial measures
6. Undertake periodic assessments of the “Other Compliance Systems” landscape as per GIA and regulatory expectations.

Job Specific Accountabilities:

Policies, Systems, Process & Procedures

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.

 Governance of the “Other Compliance Systems” Landscape

• Support the development and implementation of the “Other Compliance Systems” System Governance Framework i.e., a comprehensive framework consisting of Control and validation processes that test production system settings/parameters/configuration/mapping/design attributes against desired system settings/parameters/configuration/mapping/design attributes
• Develop scripts/programs/code procedures on a range of technology and analytics platforms to support the implementation of the “Other Compliance Systems” System Governance Framework
• Monitor the control mechanisms/processes implemented on a daily basis via dashboards, auto-generated reports and ad-hoc script-driven database queries
• Evaluate the results  of the control mechanisms/processes and in case of failures(IT, system, ETL and data related errors etc.) impact on any/all of the below:

o   Data feeds/ETL pipelines across the entire data architecture (source to Compliance system)

o   Filter performance (algorithms, rules, parameters, data mapping and configuration etc.,)

o   Scenario performance (parameters, data mapping and configuration etc.,)

o   Alert queues

o   Case management and workflow aspects

o   Reporting mechanisms

o   Overall impact of any failures on the AML and Sanctions screening programs

• Develop remediation plans to address the impact caused by any failures and include this in periodic reports to senior management along with proposed remediation plans
• Oversee the implementation of the remediation plans and perform adequate data and system testing to ensure issues have been correctly remediated
• Undertake random control testing pertaining to “Other Compliance Systems” landscape and where deficiencies are found, develop remediation plans and oversee their implementation
• Develop regular monitoring and validation reports for senior management that outline the below aspects:

o   Results of the automated control processes/mechanisms

o   System/data failures and their impact on the AML and Sanctions screening programs

o   Remediation undertaken regarding the failures

o   Validation of remediation undertaken and independent assurance pertaining to the remediation

o   Results of random, independent control-testing

o   Overall performance of the “Other Compliance Systems” landscape and recommendations to ensure model performance continues to meet requirements

Periodic assessment of “Other Compliance Systems” landscape and models

• Using the “Other Compliance Systems” system governance framework, undertake periodic reviews of the “Other Compliance Systems” models across the network with a focus on below aspects:

o   Independent AML Typology assessment

o   Sanctions risk assessment of payment types, message tags/fields and list selection

o   Sanctions risk assessment of customer attributes and list selection

o   Source systems and overall data architecture

o   Overall IT governance and adherence to defined SDLC procedures

o   System/scenario configuration and performance

o   Data lineage, mapping and quality

o   Alert adjudication

o   Case management and workflows

• Based on assessment, submit detailed report to senior management with findings and actionable recommendations 

Specialist development, data analysis and reporting

• Undertake development of custom applications/scripts using common data analytics and technology platforms (SQL, Python, R, Alteryx, PowerBI and Tableau etc.) in response to specific requests
• Develop custom dashboards to automatically provide updates to senior management using common visualization platforms (PowerBI and Tableau)

Technology

• Assist in producing procedures and processes aligned to Group Policy of new Group TDR function
• Assist in conducting feasibility studies to assess need for new systems and provide technical inputs during technology vendor selection
• Assist in exercises such as design and system architecture of compliance related systems by consulting with business users

 Reporting

• Collaborate with Compliance SMEs to develop Compliance related MI dashboards
• Develop periodic reporting plan and maintain the schedule and workflow for multiple reports
• Populate management information dashboards by extracting relevant data from source systems including using logical queries and basic programming
• Collaborate with Compliance colleagues to obtain information to populate dashboards
• Submit MI dashboards to team lead for review

Minimum Qualification

• Graduate qualifications in economics, computer sciences, mathematics, financial studies, legal, law or business studies preferred. Post-graduate qualifications with a mix of finance, law, economics and computer science majors highly desirable

Minimum Experience

• 5 to 7 years of experience with European or North American financial institutions, regulators and/or professional services firms with a focus on Financial Crime Technology and Analytics work streams/services
• Experience in development of AML scenarios on leading platforms, replication of scenario logic in SQL and/or Python. Understanding of typology/red flag assessment. Experience with Avaloq AML highly desirable
• Proficient in the use of data mining, analysis and statistical techniques to perform/enhance customer segmentation, set AML scenario thresholds subject to segment-level distribution and perform ATL/BTL testing to tune thresholds etc. Experience in using machine learning models to implement effective segmentation and behavioral thresholds (ex – k-means clustering). Knowledge of solutions such as Siron AML, SAS AML, NICE Actimise and FCCM etc. highly desirable
• Proficient in tuning sanctions screening systems which may involve:

o   Use of data analysis techniques to develop rules, scoring/weighting models, NLP and fuzzy matching techniques

o   Configuration of matching algorithms, develop suppression rules, good guys and stop lists etc

o   Analysis of watch lists/records to identify false positives

• Experience with Finastra Total Screening preferred. Experience with FircoSoft, Pelican, NetReveal and SironEMBARGO screening suites etc. highly desirable
• Experience with complex banking data models, understanding of complex ETL jobs, data mapping and system configuration management etc
• Extensive experience in data analysis, mining, wrangling and engineering techniques. Extensive experience in SQL and ability to develop stored procedures, write dynamic T-SQL and custom functions etc
• Experience in developing ETL scripts to extract, transform and load data. Ability to analyze existing scripts and code snippets to optimize them
• Proficiency in coding on SQL, Python and R. Experience in development of reports and dashboards using Power BI/Tableau and/or SSRS
• Strong knowledge of computers in data center environment including concepts of networking, storage, memory and processors etc. Ability to troubleshoot system failures and implement remedial measures
• Excellent understanding of IT and system controls and experience in designing controls based on system functionality