AML Systems Digital Banking Specialist (Leading Bank)
Our client, a leading bank, is looking for a AML Digital Systems Banking Specialist with a focus on blockchain and crypto.
03rd May, 2022
Location(s): Hicksville, NY
Job Synthesis & Description
The AML Systems Digital Banking Specialist is a seasoned technology professional with experience in Blockchain, Blockchain transactions, AML systems administration, support, and implementation of AML enhancement and compliance projects with special focus on client's digital banking initiatives. Manages various AML systems including but not limited to; Blockchain reporting, CTR, OFAC systems, electronic regulatory filing and reporting systems.
The AML Systems Digital Banking Specialist is responsible for configuration and maintenance of AML systems to align with client's BSA/AML compliance program. Assists in meeting BSA/AML compliance requirements of the bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to bank policies and procedures to reduce loss/risk to the bank.
Assesses the functional requirements, technical specifications and use/enhance case models to execute blockchain initiatives to comply with BSA AML obligations.
Maintains technical understanding of blockchain technologies, and digital-assets/crypto-assets especially around emerging ecosystem trends, products and protocols.
Analyzes and organizes complex information from a variety of sources including but not limited to blockchain, Figure ATS, Aggregator, DNA - FCRM.
Implements recommendations in architectural design for a consistent and organized flow of information during projects.
Manages scope and change throughout the initiative utilizing formal change control and requirements traceability analysis.
Ensures that AML systems issues pertaining to digital banking and blockchain initiatives of the bank are identified promptly, tracked, reported on and resolved in a timely manner.
Assists in troubleshooting AML system technical issues and identifying modifications needed in existing applications to meet changing user requirements
Adds, modifies and maintains AML rules, control system parameters, and interface tables to comply with blockchain project requirements.
Monitors and main data control log of digital marker customer, account and transaction stream data imports to AML systems.
Assists with mapping of fields between interfacing systems and FCRM to support digital banking initiatives and AML compliance.
Performs testing and validation support for blockchain and digital banking projects.
Reconciles customer transactional data end-to-end to satisfy NY DFS part 504 requirements.
Supports in developing assessment frameworks to identify risks and merits of blockchain and crypto-assets, with a focus on platform, smart contracts, token and node design.
Supports development of conversion strategy and implementation plan to instrument a governance process and metrics for monitoring of existing and new blockchain solutions.
Supports the reporting to senior leadership team on the progress of our blockchain efforts, appropriate business and technology KPIs and monitor them on a regular basis.
Supports research and training initiatives to ensure the bank's BSA department has a flow of blockchain related ideas to ensure regulatory compliance.
Collaborates on risk mitigation strategies and processes with a cross-functional team from product, IT and risk.
Good knowledge and understanding of general OFAC, BSA/AML, and USA PATRIOT Act and risk management principles.
Good knowledge of BSA monitoring systems and core banking systems.
Good knowledge of NYS DFS requirements for virtual currencies.
Understanding of blockchain transaction review and BSA red flags for virtual currency transactions.
Advanced proficiency in Microsoft Outlook, Microsoft Word and Microsoft Excel.
Excellent verbal and written communication skills.
Highly developed analytical and problem solving skills.
Good organizational skills.
High degree of accuracy and attention to detail.
Ability to work and contribute in a team-oriented and collaborative environment to improve the analytical and reporting processes.
Ability to meet deadlines and manage multiple tasks in a fast paced environment.
Ability to mentor and assist department staff.
Minimum bachelor's degree in Data Science, Computer Science, Statistics or Applied Math.
1-3+ years of practical experience with crypto analysis, building blockchain applications, cryptography, stablecoins and/or DAOs (Decentralized autonomous organizations).
Strong experience working in lean and agile development processes to develop and manage products through the product lifecycle starting with innovative concepts.
Working knowledge of software development lifecycle and technical analysis, preferably within banking market environment or leading technology oriented companies.
Demonstrated strong knowledge of innovative technical concepts including Blockchain, Machine Learning, AI, etc.
Experience in cryptography, data visualization tools and/or data warehouse development.
Experience with reporting tools, preferably Cognos business intelligence desired.