at Crowe LLP in Chicago, Illinois, United States
Job Description
Your Journey at Crowe Starts Here:
At Crowe, you have the opportunity to deliver innovative solutions to today's complex business issues. Crowe's accounting, consulting, and technology personnel are widely recognized for their in-depth expertise and understanding of sophisticated process frameworks and enabling technologies, along with their commitment to delivering measurable results that help clients build business value. Our focus on emerging technology solutions along with our commitment to internal career growth and exceptional client value has resulted in a firm that is routinely recognized as a "Best Place to Work." We are 75 years strong and still growing. Come grow with us!
Job Description:
The AML Model Validation Manager is expected to lead and execute model validation testing processes on systems which support Financial Crime programs, including transaction monitoring, customer risk assessment/rating, fraud detection and watchlist screening/interdiction systems. Responsibilities will include designing and/or updating testing strategies (e.g., creation of or enhancement to risk and control matrices) which will aid in the independent testing of these systems. Testing could include control conceptual design testing, control operating effectiveness testing, and/or issue validation testing. Candidates will be required to execute analytical projects working closely with senior stakeholders and clients to deliver value to financial institution clients. Testing in the Model Validation domain will include:
Review of model governance, including processes surrounding their effectiveness
Critical challenge of model design and development
Testing of data inputs, including data quality issues, data mapping, ETL processes, and balancing and reconciliation controls
Testing that the model logic is working as intended
Assessment of model user access controls, key performance indicators (KPIs), and alert review processes
Evaluation of model performance, including tuning and sanctions sensitivity testing
Documentation of testing using standardized work papers and model validation reports and other client deliverables
Engagement Management: provide oversight and guidance to the testing team for efficient engagement delivery, maintain engagement budget, provide timely reporting of engagement progress to the client and engagement executive.
Qualifications:
Bachelor's and/or advanced degree with a concentration in Data Management or Analytics; Finance; Computer Science, Management Information Systems, or Statistics/Mathematics.
4+ years of experience within the Financial Crime industry.
4+ years of model validation, AML system implementation, data lineage, or quality testing experience.
Basic knowledge of the software development lifecycle.
Demonstrated experience with data analysis, business analysis, and data validation, activities with financial services institutions.
Demonstrated experience with performing independent testing on models, including an understanding of risks/controls and experience documenting testing within workpapers.
Experience executing model validations of financial crime systems, including but not limited to: Verafin, Actimize, BAM/BAM+, YellowHammer, FCRM, FinanSeer, FiServ, Lexis Nexis Bridger, FircoSoft, Quantexa, Palantir, Accuity, RDC, and others.
Demonstrated experience and knowledge of banking and compliance systems.
Demonstrated experience working in a results-driven environment within a team environment.
Strong organizational, interpersonal, and presentation skills.
Ability to actively engage with stakeholders to collect information, and issues, and make recommendations for business and process improvements.
Highly effective verbal and written communication skills and the ability to interact with all levels of management.
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.
Ability to work with IT and business personnel.
Travel up to 60% as required by client needs.
Preferred:
Prior professional services/consulting firm experience
Experience with data extraction tools such as SQL/Python.
Experience with visualizing and communicating analytical results using technologies such as Tableau, Power BI, Cognos, QlikView, Spotfire, and D3
Build a Successful Future in Consulting
At Crowe, Consulting professionals provide thought leadership, process expertise, and technology insight in order to help clients identify, assess, evaluate, and reduce risks. Our Consulting professionals serve large organizations across many industries in an environment where innovation and new ideas are highly encouraged. Through various programs, we provide you with learning and reinvention through high-impact formal and systemic training,... For full info follow application link.
EOE M/F/D/V
