AML/OFAC Systems Analyst Sr at Flagstar Bank, N.A. in Hicksville, New York

Job Description:

Position Title
AML/OFAC Systems Analyst Sr

Location
NYCB Plaza - 100 (Hicksville, NY)

Job Summary
The Senior AML/OFAC Systems Analyst is a seasoned financial technology professional with vast experience in AML systems rules engine tuning, AML systems administration, support, and implementation of small / medium scale AML enhancement and compliance projects. Manages various AML systems including but are not limited to; Transaction monitoring model, Customer risk rating model, CTR reporting, OFAC screening and regulatory reporting systems.

Pay Range: $71,600.00 - $87,947.00 - $132,600.00

Job Responsibilities:
ESSENTIAL FUNCTIONS

• Responsible for performing analysis, interpreting results and developing actionable insights to accelerate operational excellence, demonstrate compliance and mitigate risk.


• Presents data and analysis in a clear and concise manner allowing the audience to quickly understand the results and recommendations so they can make informed data driven decision.


• Supports and maintains vendor models used by the AML group for transaction monitoring, customer risk rating and sanctions screening.


• Applies appropriate quantitative techniques such as exploratory data analysis, regression analysis, supervised and unsupervised learning, feature engineering, statistical sampling, and data visualization.


• Maintains and creates AML rules, control system parameters, and interface tables.


• Develops scenarios involving tuning, calibration, segmentation and optimization.


• Develops, coordinates, and executes AML system testing activities involving multiple departments for system upgrades, conversions and migration.

• Ensures issues are identified, tracked, reported on and resolved in a timely manner.
  
  
  • Maintains AML system support logs, issue logs, and user access lists.
  
  
  • Develops and maintains all AML system related procedures, statistics, and special reports using host system report writers and other tools.
  
  
  • Creates, maintains and updates documentation for AML systems including parameter changes and administrative procedures.
  
  
  
  


• Provides routine and ad hoc reporting tied to AML/BSA compliance and risk.


• Works directly with and serves as the liaison between BSA business groups, bank IT teams and external vendors.


• Collaborates with multiple vendors and provide subject matter expertise and critically analyze the recommendations provided for AML systems enhancement.
  
  
  • Coordinates with vendor teams for application support and periodic upgrades.
  
  
  • Participates in vendor user groups.
  
  
  
  

ADDITIONAL COMMENTS

• Performs special projects, and additional duties and responsibilities as required.


• Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

______________________________________________________________________

QUALIFICATIONS :

Education and experience :

• Bachelor's degree in Business Administration, Information systems, or Data Analytics.


• Minimum of seven (7) years of relevant experience in data analytics, compliance technology and risk management.


• Experience with AML transaction monitoring applications or other major compliance products, preferably Fiserv FCRM not excluding Mantas and Actimize.


• Experience with database technology platforms preferably MS SQL Server or similar database technologies.


• Experience with reporting tools, preferably Microsoft BI or Cognos business intelligence desired.


• Proven experience working with model risk management in the model validation process.


• ACAMS certification is a plus.

Knowledge, skills and abilities :

• Excellent knowledge of AML transaction monitoring applications and compliance products, preferably Fiserv FCRM not excluding Mantas and Actimize.


• Strong analytic skills and problem solving with the ability to extract, collect, organize, analyze and interpret trends or patterns in complex data sets.


• Advanced analytics and statistics skills.


• Advanced knowledge of business intelligence/data exploration and visualization tools.


• Good knowledge of database technology platforms preferably MS SQL Server or similar database technologies.


• Strong knowledge of model risk management in the model validation process.


• Highly developed analytical skills.


• Ability to effectively collaborate with multiple vendors and provide subject matter expertise and critically analyze the recommendations provided for AML systems enhancement.


• Ability to define detailed testing strategy and identify risks for AML enhancement, migration and integration projects.


• Ability to effectively work with internal business groups and external vendors.


• Ability to manage multiple projects.