Sanctions Screening Manager

RC - DR - Sanctions Screening and Transaction Monitoring Model Validation - Manager

Requisition ID:  1598962

EY- Risk Consulting –Manager - Sanctions Screening and Transaction Monitoring Model Validation

As part of our Risk Consulting – Digital Risk (DR) team, we are looking for a Manager with strong consulting and technical skills to join the DR team and to work with our clients on some of the most prestigious projects within the financial services sector across MENA region. This is a fantastic opportunity to be part of a leading firm whilst strongly contributing to the growth of Risk Consulting– FS domain service offerings and solutions thus creating authentic customer experiences.

The opportunity

As a Manager, you will engage with clients to validate and enhance sanctions screening and transaction monitoring models, ensuring they are finely tuned to meet regulatory standards and operational needs. You will work within different sized, multi-disciplinary teams leading engagements and play a key role in ensuring high quality outputs and service to our clients. You will oversee the validation and fine-tuning of models used for sanctions screening and transaction monitoring. The role involves ensuring compliance with regulatory requirements, enhancing model performance, developing knowledge and implementing new solutions in order to meet the ever-changing needs of our clients.
This position will be based out of our offices (Kochi/ Thiruvananthapuram) in the state of Kerala.

Your key responsibilities

• Build a team of Seniors and Analysts to drive the model validation related activities.
• Lead and oversee sanction screening and transaction monitoring model validation engagements including rule-based systems anomaly detection and machine learning algorithms.
• Develop and implement strategies for model fine-tuning and performance enhancement.
• Collaborate with cross-functional teams to integrate model outputs into business processes.
• Provide training and guidance to team members on model validation processes and best practices.
• Conduct regular reviews (both qualitative and quantitative analysis) and audits of model performance and compliance.
• Lead the development of reports on model performance and validation outcomes and present to senior management on an on-going basis.
• Prepare detailed validation reports and documentation for regulatory bodies and internal stakeholders.
• Develop, implement and continuously improve the validation frameworks including back-testing, threshold setting and performance metrics.
• Stay abreast of regulatory changes and advancements in model validation techniques.
• Lead multiple assignments and related initiatives.
• Develop strong working relationships with the client and onshore client teams.
• Good to have experience in Risk Management or other Risk Consulting engagements.
• The job would require travel (Over 50%) to client locations in Middle East and North Africa such as Dubai, Kuwait, Riyadh, Doha etc.
• Mentor and coach junior team members, enabling them to meet their performance goals and successfully grow their careers.
• Manage the engagement budgets and support superiors in developing marketing collaterals, business proposals and new solution / methodology development.

Skills and attributes for success

• Proficient in SQL and Python.
• Familiarity with database management and data analysis tools.
• Experience in system implementation/fine-tuning, cloud deployment and project management.
• Familiarity with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
• Exceptional command over spoken and written English.
• Globally mobile and flexible to travel to onsite locations at a short notice.
• Highly analytical, organised, and meticulous consulting skills; attention to detail and quality assurance.
• Demonstrate strong project management skills, inspiring teamwork, and responsibility with engagement team members.
• Ability to multi-task, work well under pressure with commitment to deliver under tight deadline.
• Strong organizational skills with ability to prioritize effectively.
• Work experience in similar industry (Big 4 preferred).

 
To qualify for the role, you must have

• Bachelor’s degree in engineering, Finance, Statistics, Economics or a related quantitative field; advanced degree preferred.
• 5 to 8 years of relevant experience working with business consulting firms.
• A valid passport for travel.
• Preferably, you may also have
• Masters in a related field.
• AML, CTF Certification (CAMS, CAFP).
• Experience / certifications in Cloud Data Architecture, Data Engineering.