(Remote) BSA AML & OFAC Sanctions Model Validation Specialist
RemoteUnited States
Job Summary
Validate and tune thresholds for BSA AML models to ensure compliance and effectiveness by testing data inputs, including quality issues, mapping, ETL processes, and back-testing. Execute transaction monitoring scenario and OFAC threshold tuning based on client methodology, verifying model logic and evaluating performance through sanctions sensitivity testing. Provide oversight to the testing team for efficient engagement delivery, maintain budgets, and report progress to clients and executives. This contract role requires a Bachelor's degree in Data Analytics, Finance, or Statistics, plus extensive experience in AML/BSA reviews or model validation for global financial institutions.
Required Qualifications
- Bachelor's and/or advanced degree with a concentration in Data Management or Analytics; Finance; Computer Science, Management Information Systems, or Statistics/Mathematics
- Extensive experience leading or facilitating AML/BSA reviews, compliance advisory engagements, or internal audits for globally diversified financial institutions
- 8+ years of hands-on experience in model validation, AML system implementation, data lineage analysis, or data quality testing in alignment with SR 11-7 regulatory expectations
- Effective project and time management, collaboration, and communication skill with all levels of the organization
- Excellent organizational skills and experience monitoring deadlines and tracking documentation for timely submission to senior management and/or regulators
- Strong understanding of banking regulations FRB, OCC, FDIC, NYDFS
- Proficiency in Business Process and Business Requirements Analysis
- Strong Business Analysis skills
- 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 challenges of data cleansing and integration
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