Citi Analytics & Information Management (AIM) team is a global community that objectively connects and analyzes information, to create actionable intelligence for our business leaders. The Anti Money Laundering (AML) – Independent Validation (IV) lead (Vice President) will be a part of AIM, based in Bangalore and reporting into the SVP leading the team.
The Team Lead for Independent Validation team will have the responsibility to oversight independent validation on Anti Money Laundering (AML) tools, Statistical analysis and optimization of the AML Transaction Monitoring system. She / he will manage the team, which executes AML Scenario / Tool validation, runs complex Statistical analysis, Data visualizations, Data processing based on the globally consistent standard, procedures and templates which incorporate, regulatory guidelines (OCC 2011-12), the Bank’s Model Risk Management (MRM) Policy, framework and industry leading practices. The successful candidate is expected to have management experience (with an interest in or experience with financial data), execute with a high level of integrity, quality and attention to detail in both the work performed and its documentation, and present findings / recommendations in a clear, understandable manner both in writing and verbally. Requirements include a background in statistics and/or mathematics, preferably also experience with Data analysis and/or Data mining. Fluency in English and very good oral and written communication skills are necessary as is the ability to read and create formal statistical documentation. Experience and knowledge in banking, finance and/or AML will be desirable.
Responsibilities:
- Oversight Independent Validation of AML Scenarios, KPI reports (Threshold Settings, Segmentations, Random Client Analysis), AML Cards Scenarios etc., within the agreed schedule and ensure execution follows the global methodology and are in compliance with model governance policy, guidelines and OCC requirements.
- Ability to document and communicate clearly, review the validation process and outcomes, effectively present / discuss and defend the findings and recommendations to different stakeholders.
- Ability to negotiate and influence the sponsors and stakeholders regarding the validation outcomes
- Build an effective team assuring capacity to address business needs. Identify and develop talents and prepare succession plans for key positions in the team.
- Coach and supervise juniors, give directions, ensure the quality of analysis and work done and raise the standard of juniors to the next level of excellence and maturity.
- Innovate and generate new ideas, concepts and models to improve methods of obtaining and evaluating quantitative and qualitative data. Identify relationships and trends in data, as well as any factors that could affect the results of research. Question and validate assumptions and status quo. Escalate identified risks and sensitive areas in terms of methodology and processes.
- Think outside the box and look for new methods to constantly improve the effectiveness and efficiency of the AML Detection, Monitoring and Operations systems and processes used in Citi.
- Document solutions and present results in a simple comprehensive way to non-technical audience, as well as write more formal documentation using statistical vocabulary.
- Maintain an industry leading knowledge of the tools, systems and processes available for best in class AML Detection and Monitoring Operations
- Ensure Data Quality and Reliability.
- Distribute validation reports and consult with model and business owners and other stakeholders such as senior management, on model validation results.
Qualifications:
- 12+ years of experience in Financial Services / Analytics Industry
- Prior experience in designing AML detection and monitoring systems
- Prior experience in model and non-model validations is a plus
- Prior experience in AML analytics – AML Scenarios development, Threshold tuning, Segmentations, Clustering, Random Client Analysis etc.,
- Experience with very large transactional systems. Knowledge of Mantas will be considered as asset.
- Experience in managing a diverse team
- Demonstrates a strong understanding and application of analytical techniques
- Ability to effectively communicate, both orally and in writing, through all levels of the organization.
- Self-motivated with the ability and maturity to make decisions in the absence of detailed instructions
- Methodical analysis and problem-solving skills
- Able to coordinate and deal with various level and conflicting time demands
- Minimum of 5 years of experience in SAS and / or R software
- Minimum of 5 years of experience with relational databases such as Oracle, SQL Server, and Data Marts / Data Warehouses.
- Statistical / data analytical skills – Including both calculation and interpretation of outcome Experience in reporting the results of analysis in clear written form, and in presenting the findings during meetings and conference calls
- Understanding of technical requirements, ability to communicate with Technical Support
- Master degree in statistics / mathematics / technical science
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Job Family Group:
Decision Management
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Job Family:
Business Analysis
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Time Type:
Full time
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