Insight Global
Senior Anti-Money Laundering Quantitative Finance Analyst
Insight Global, Jersey City, New Jersey, us, 07305
Positions: Senior AML Quantitative Finance Analyst – 3 openings
Locations: Charlotte, ATL, Jersey City
Length: 6-18 month contract
Pay Rate: $99.99/hr
Must Haves:
- 3+ years experience in model development and/or model validation – NOT just testing, but true development/validation
- Proficient in Python, SAS, and SQL
- Masters or PhD in quantitative field: Mathematics, Physics, Finance, Economics, Engineering, Computer Science, Statistics.
Plusses
- CAMS Cert (Certified Anti-Money Laundering Specialist)
- 2+ years of experience building and understanding Anti-Money Laundering models and systems
- Familiarity with the Anti-Money Laundering techniques and typologies
Day to Day
Insight Global is seeking a Senior Quantitative Finance Analyst to conduct independent model validation, independent testing and review of complex models used to monitor and mitigate money laundering risk for one of our largest banking clients. The ideal candidate should be familiar with industry practices and have knowledge of up-to-date AML techniques. The candidate should also be able to provide both thought leadership and hands-on expertise in methodology, techniques, and processes in applying statistical and machine learning methods to manage the bank’s AML models and model systems.
The following information provides an overview of the skills, qualities, and qualifications needed for this role.
The qualified candidate will be responsible for a broad range of model validation activities, including: Review, critical assessment, and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation, and documentation. Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation. Performing model review activities including but not limited to independent model validation/challenge, annual model review, ongoing monitoring report review, required action item review, and peer review. Conducting governance activities such as model identification, model approval and breach remediation reviews to manage model risk. Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating, and interacting with the third line of defense (e.g., internal audit) as well as external regulators. Writing technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators Acts as a senior leader and subject matter expert on analytic/quantitative modeling techniques used for Anti-money laundering.
Compensation: $99.99/hr Exact compensation may vary based on several factors, including skills, experience, and education. Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.
The following information provides an overview of the skills, qualities, and qualifications needed for this role.
The qualified candidate will be responsible for a broad range of model validation activities, including: Review, critical assessment, and challenge of models on conceptual soundness, assumptions and limitations, data, developmental evidence in support of modeling choices, performance, implementation, and documentation. Development and implementation of effective testing plans and testing code to critically challenge models through empirical analyses and to verify model implementation. Performing model review activities including but not limited to independent model validation/challenge, annual model review, ongoing monitoring report review, required action item review, and peer review. Conducting governance activities such as model identification, model approval and breach remediation reviews to manage model risk. Communicating and working directly with relevant modeling teams and their corresponding Front Line Units; and if needed, communicating, and interacting with the third line of defense (e.g., internal audit) as well as external regulators. Writing technical reports for distribution and presentation to model developers, senior management, audit, and banking regulators Acts as a senior leader and subject matter expert on analytic/quantitative modeling techniques used for Anti-money laundering.
Compensation: $99.99/hr Exact compensation may vary based on several factors, including skills, experience, and education. Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.