AML Model Validation and Testing Senior Manager

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Job Description:

AML Model Validation and Testing Senior Manager

The AML Model Validation and Testing Senior Manager is expected to lead and execute model validation testing processes and/or review model validation activities already conducted on systems which support Financial Crime programs, including transaction monitoring, customer risk assessment/rating, fraud detection and watchlist screening/interdiction systems. Responsibilities will include designing and/or updating testing strategies (e.g., creation of or enhancement to risk and control matrices) which will aid in the independent testing of these systems.  Testing could include control conceptual design testing, control operating effectiveness testing, and/or issue validation testing.  Candidates will be required to execute analytical projects working closely with senior stakeholders and clients to deliver value to financial institution clients.  

Testing activities on the Model Validation team will include:

• Review of model governance, including processes surrounding their effectiveness
• Critical challenge of model design and development
• Testing of data inputs, including data quality issues, data mapping, ETL processes, balancing and reconciliation controls, data lineage, throughput, and backtesting
• Testing that the model logic is working as intended
• Assessment of model user access controls, key performance indicators (KPIs), and alert review processes
• Evaluation of model performance, including tuning and sanctions sensitivity testing
• Documentation of testing using standardized work papers and model validation reports and other client deliverables
• 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.    

Qualifications:

• Bachelor's and/or advanced degree with a concentration in Data Management or Analytics; Finance; Computer Science, Management Information Systems, or Statistics/Mathematics.
• 8+ years’ experience in leading or facilitating AML/BSA reviews, consulting/advisory services and/or internal audit/compliance reviews at globally diversified financial services organizations and/or 8+ years of model validation, AML system implementation, data lineage, or quality testing experience.
• Basic knowledge of the software development lifecycle.
• Demonstrated experience with data analysis, business analysis, and data validation, activities with financial services institutions.  Experience with second or third line control effectiveness testing against remediation action plans
• 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.
• Experience identifying, assessing, challenging and overseeing the satisfactory resolution of issues, including ensuring adequate management of remediation plans and validation
• Demonstrated experience with performing independent testing on models, including an understanding of risks/controls and experience documenting testing within workpapers.
• Experience executing model validations of financial crime systems, including but not limited to: Verafin, Actimize, BAM/BAM+, YellowHammer, FCRM, FinanSeer, FiServ, Lexis Nexis Bridger, FircoSoft, Quantexa, Palantir, Accuity, RDC, and others.
• Demonstrated experience working in a results-driven environment within a team environment.
• 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 chal