Our client, a Large National Bank, is looking for a Senior Manager Financial Intel Services to join their growing team.
Basic Function
Manage 3 – 4 data analysts/engineers responsible for the OFAC and transaction monitoring (TM) solutions used at the bank. Duties including ensuring the bank’s TM coverage comply with regulatory requirements/red flags, rules are tuned and tested periodically, and models and documentation meet bank Model Risk Management requirements. Sr Manager shall work with Technology and Innovation and BSA Financial Intelligence teams to set the priority of transaction monitoring rules/segments require tuning and testing for optimal performance. Sr Manager will have the opportunity to explore use of Artificial Intelligence tools, such as Machine Learning and Natural Language Processing, to further enhance and target detection scenarios and risk themes.
Regarding OFAC solutions, manager shall be responsible for keeping current U.S. and Canadian sanctions lists and any other applicable prohibited lists in accordance with bank requirements. Manager will oversee OFAC system scores’ tuning and testing, annual system validations, and model documentation. Working with OFAC Program stakeholders, the Sr Manager will also be able to influence, rationalize and improve OFAC solutions in use at the bank. Sr. Manager will be responsible for direct oversight of vendors in use at the bank to carry out all necessary TM and OFAC system responsibilities.
Responsibilities