First Republic Bank

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Associate, AML Analytics

Associate, AML Analytics

ID 
2017-5409
Job Locations 
US-CA-San Francisco
Category 
Compliance

More information about this job

Overview

The role is responsible for supporting First Republic Bank’s (FRB) Bank Secrecy Act/Anti-money Laundering (BSA/AML) Department by calibrating, tuning, testing, and implementing enterprise wide systems that risk rank clients; screen for OFAC and negative news; and monitor and detect suspicious activity for BSA/ AML compliance. This role is also responsible for evaluating the effectiveness of these systems and monitoring models across FRB, and providing solutions to address any gaps.

Responsibilities

  • Identify, evaluate, and implement transaction monitoring rules, models, and parameters supporting FRB’s BSA-AML Compliance Program
  • Fine-tune the AML surveillance system (Actimize) to optimize the tradeoff between alert volume and alert quality and enhance reports to display trends, patterns and areas of risk related to monitoring processes
  • Rationalize and document business rules, thresholds, parameters and scoring methodology of the monitoring system
  • Write business specifications for IT and project management purposes where needed
  • Support ongoing tuning process
  • Interpret complex information and directions, interpret data and information in a timely manner and bring assigned tasks to completion
  • Conducting hands-on data analysis, data validation, predictive model development, and forecasting
  • Provide quantitative and qualitative analysis, including benchmarking and industry best practices studies
  • Conduct all work activities in accordance with change management, model governance, and other control procedures
  • Provides automated and ad-hoc data delivery for examiners, auditors, internal investigations and analytics
  • Stay abreast of current technology developments and BSA/AML trend to understand current BSA/AML environment and how new/emerging product(s) can assist department in meeting strategic goals/plans

Qualifications

Must Haves:

 

  • Bachelor’s degree or higher in Mathematics, Physics, Computer Science, Statistics, Economics, or equivalent
  • Good knowledge of web application development, business intelligence reporting/data warehousing/customer analytics concepts
  • 2 years of hands-on experience using data and statistical analysis, SQL and database/data mining, and reporting tools (Python, SAS and / or R, SQL, Excel, JSON)
  • Demonstrated ability to communicate technical solutions clearly to senior management, business users, business analysts/data analysts and technology teams
  • Quick learner and strong analytical and problem-solving skills
  • Excellent oral, written communication, and interpersonal skills
  • Excellent independent research, analysis, and documentation skills
  • Highly self-motivated, flexible and adaptable with a confident “do the right thing” team-player attitude
  • Ability to multi-task and prioritize varied workload with frequently changing priorities, and deliver in a high pressure environment
  • Ability to work independently and as a member of a cross-functional team, and self-organized
  • Ability to conduct and document work activities in accordance with a strict regulatory compliance culture

 

Preferred:

 

  • Master’s degree in Mathematics, Physics, Computer Science, Statistics, Econometrics, or equivalent
  • Experience in analytics and predictive modeling – hands on model development and strong mastery of modeling approaches and data mining tools and algorithms.
  • Experience with software development processes and technology, and software quality assurance
  • Experience of working within a Compliance function within financial industry
  • Experience with the regulatory oversight, examination, and/or other audit processes
  • Knowledge/understanding of BSA/AML regulations

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