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Form of workJob Summary
Job Description
What is the opportunity?
As the Director of the Financial Crimes Model Validation Team, you’ll lead a team of experts in validating and optimizing our AML and financial crimes models. Your deep understanding of AML processes, regulatory expectations, and risk management will drive our success in safeguarding the Bank against financial crimes.
What will you do?
- Oversee independent validation and quantitative analytics for Global Financial Crimes models - transaction monitoring, client risk rating, and screening models.
- Provide risk oversight, as a subject matter expert and the second line of defense.
- Ensure model performance, risk assessment, and governance align with regulatory requirements.
- Manage execution of model risk framework activities, including validation, annual reviews, and ongoing monitoring.
- Critically assess AML models for conceptual soundness, assumptions, data, performance, and documentation.
- Develop and implement effective test plans to verify model effectiveness.
- Collaborate with modeling teams and other stakeholders to enhance model risk management.
- Work directly with relevant stakeholders and communicate findings effectively.
- Communicate with model stakeholders to identify and resolve model and Financial Crime risk.
- Collaborate with internal audit and external regulators as needed.
- Mentor and guide a team of model validators - reviewing test plans, results, and final documentation. Ensure reports across the team are consistent in terms of quality, depth, and format.
- Lead end-to-end Model Validations, negotiating remediation actions and presenting to regulators.
- Leverage research and out-of-the-box techniques to enhance validation practices.
- Develop training plans required for employees and their career development.
- Collaborate with peers, industry experts and Enterprise Model Risk Management team to identify validation themes and emerging trends in FC Model Validation.
- Stay abreast about emerging technologies, regulatory changes, and industry shifts.
What do you need to succeed?
Must have:
- Minimum of 12 years of experience in AML Model Validation or related roles
- Strong knowledge of Global AML regulations and risk management
- SAS, Python, R programming experience
- In depth knowledge of a variety of banking products and services across personal, commercial and capital market
- Excellent leadership, communication, and stakeholder management skills
Nice to have:
- Master's Degree in quantitative disciplines or finance
- Strong quantitative and statistical skills
- Certified Anti-Money Laundering Specialist (CAMS) designation or other related certifications
What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Flexible work/life balance options
Opportunities to do challenging work
Opportunities to take on progressively greater accountabilities
Access to a variety of job opportunities across business and geographies
Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic ThinkingAdditional Job Details
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Inclusion and Equal Opportunity Employment
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