The Financial Crimes Program Advisory Assistant Vice President is part of the First Line Financial Crimes Risk Office Team responsible for the requirements and maintenance of the first line of defense financial crimes program defining risk mitigant strategy, policy changes and technology requirement for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.
This role will engagement with different partners to develop, enhance and redesign of Financial Crimes Policy, process and procedure requirement focusing on risk mitigation and enhanced execution. Leads coordination efforts and set strategic priorities and direction for the development and implementation of the new programs requirements to ensure regulatory compliance and effective execution. Focused on enhanced control environment, reduced manual processes, and automated controls. Serves as a trusted advisor to the business and partners to deliver solutions to complex and elevated issues.
This role involves collecting and analyzing data to provide actionable insights that support decision-making and strategic planning within the US Financial Crime Risk Modeling & Advanced Analytics team. The position requires collaboration with various stakeholders to create scalable data science solutions that align with regulatory requirements and best practices.
Responsibilities:
- Support the development and implementation of new processes, requirements, policy changes, and design of new operating models for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.
- Support the assessment of enhancements needed for Financial Crimes program including AML, Sanctions and Tax evasion controls.
- Partner with different stakeholders to Develop and enhance AI solutions to collect and analyze data using data science techniques to uncover actionable insights.
- Work with process owners, subject matter experts, technical experts, end users and other stakeholders to gather information about current processes within the Single Process Inventory (SPI) to document the end-to-end business process with focus on data attributes, data sources, control features, and interfaces with other systems. Ensure consistency in rules/definitions across SPIs, where applicable
- Perform daily data integration, profiling and visualization via multiple data tools (e.g. via MS Office Excel, Dataiku, and others) to support and assess the design of Financial Crimes strategies proposed by First Line Financial Crime
- Perform research and analysis of enterprise data sets to identify key data points from Wealth Management and US Banks source systems to promote processes improvements within Financial Crimes
- Work with technology teams to review and enhance existing data environments by incorporating data tables as deemed necessary for analytical purposes
- Participate in training sessions for analytical tools and data forums to keep Financial Crimes Program Advisory up-to-date with data developments and existing migrations plans
- Collaborate with data analysts, software engineers, and data engineers to create sustainable data science solutions.
- Visualize data insights to effectively communicate findings to stakeholders.
- Participate in cross-functional initiatives as a subject matter expert.
- Monitor service and productivity levels, implementing continuous improvements where necessary.
- Educate the organization on statistical validation and data science principles.
- Support the assessment of complex issues, structure potential solutions, and drive effective resolution with senior stakeholders.
- Work autonomously influencing changes in policies, process and procedures in coordination with multiple leadership teams, stakeholders and second line of the defense partners.
- Support the management of strategic initiatives, processes and tasks supporting the financial crimes program.
- Collaborate with, and provide credible challenge to the Business, Operations, Second Line of defense, technology, and other strategic partners for the design, implementation, and maintenance of controls to manage the Financial Crimes Risk program.
- Lead key projects and initiatives related to assessing and mitigating the Firm’s exposure to financial crimes and operational risks.
- Ability to manage multiply work streams with conflicting priorities in a fast-paced environment.
- Strong communication skills.
- Highly proficient in Power Point decks development and ability to craft message to audience in a concise, effective, and proactive manner.
- Think outside the box to develop solutions to improve our financial crimes program with goals of enhancing controls, implementing efficiency and improving customer experience.
Required Experience:
- Have 7+ years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.);
- Proactive and self-motivated.
- Strong leadership and team management skills.
- Have an undergraduate degree in Business, Finance, or other related field;
- Strong knowledge of Know Your Customer, Customer Identification Program and CDD requirements.
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
- Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity.
- Strong organizational and time management skills
- Familiarity with data reconciliation across applications
- Experience with data application mapping (inflows and outflows)
- Experience with relational databases, file systems, reading & writing code (e.g. SAS, SQL)
- Experience in one or more of the following areas: business intelligence/analytics, data management, data governance, data controls, data quality management, and/or data architecture
- Understanding of data governance, data quality, and data management and data concepts
- Strong Experience in Microsoft Office applications(Microsoft Excel/PowerPoint/Word/Access)
- In-depth knowledge and experience with various machine learning algorithms (supervised and unsupervised) and analytical toolkits
Ability to:
- take initiative, analyze, summarize, and communicate effectively.
- investigate, identify issues, impacts and trends to propose comprehensive solutions.
- multitask effectively and action matters promptly.
- work independently and in a team environment.
- handle highly confidential information with appropriate discretion.
- work in a high volume, fast paced environment; and
- work in a matrixed organization; leveraging resources across the organization to complete deliverables.
- Working knowledge of programming language (e.g. SQL) and experience with data visualization tools
Additional Skills Desired:
- Working knowledge of MS Office;
- Experience on AI collaboration and integration to BAU processes
- Experience with data and trend analysis related to the management of an AML program.
- Expertise in managing programs focused on ensuring quality within AML programs.
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.
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