Global Financial Crimes - Transaction Monitoring Tuning & Optimization, Vice President
Global Financial Crimes - Transaction Monitoring Tuning & Optimization, Vice President
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Job Description
Do you want your voice heard and your actions to count
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG) one of the worlds leading financial groups. Across the globe were 120000 colleagues striving to make a difference for every client organization and community we serve. We stand for our values building long-term relationships serving society and fostering shared and sustainable growth for a better world.
With a vision to be the worlds most trusted financial group its part of our culture to put people first listen to new and diverse ideas and collaborate toward greater innovation speed and agility. This means investing in talent technologies and tools that empower you to own your career.
Join MUFG where being inspired is expected and making a meaningful impact is rewarded.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.Reporting into the Head of Financial Crimes Transaction Monitoring this new position has been created for the purpose of establishing GFCD Operations Intelligence & Analytics capabilities for BTMU.
One of several key positions in the new Global Financial Crimes Division Operations function this position will be responsible for (1) helping to identify detection scenarios (2) provide analytics support for developing tuning optimizing and modifying segmentation to improve transaction monitoring and screening systems (3) customer segmentation (4) helping to coordinate the implementation of scenarios which detect financial crime and (5) create statically representative samples to ensure that risk is not missed below the threshold. The incumbent is responsible for supporting leadership to ensure a globally consistent effort that enables continuing improvement to the transaction monitoring capabilities and further mitigate potential financial crime.
Major Responsibilities:
In connection with the Global Financial Crimes program - Develop mathematical or statistical theory to interpret customer KYC data and historical transaction data to group customers and non-customers into segments in order to monitor their activity in the correct thresholds.
Identify relationships and trends of historical transactional data for clustering for AML transaction monitoring.
Analyze the clusters/relationships and present the information to Senior Managers in the data visualization tools.
Create statistical representative samples for ATL/BTL testing in order to validate that the transaction monitoring model is effective and functioning accordingly.
Process large amount of data for statistical modeling and graphic analysis.
Perform model validation memorializing model selection rationales and defined assumptions.
Develop and test experimental designs sampling techniques and analytical methods in order to monitor new typologies and emerging risks.
Develop data mining methodologies including logistic regression random foresr xgboost and Bayesian networks.
Help develop of models involving tuning calibration segmentation and optimization.
Support the development of policies and procedures for AML transaction monitoring life cycle including reviews of scenario validation segmentation and optimization tools.
Support large strategic optimization and segmentation program to enhance and tune MUFG s GFCD Transaction Monitoring Program.
Recommend customer segmentation and optimization for MUFG s GFCD monitoring system across multiple lines of business.
Coordinate with regional Intelligence & Analytics teams to implement on the global model.
Work collaboratively across functional teams within GFCD to ensure effective and efficient operations with clearly defined roles and responsibilities.
Qualifications:
Knowledge of mathematics; particularly statistics.
Ability to code using SQL R or Python for customer segmentation and data analytics.
3 plus years experience designing analyzing testing and/or validating BSA/AML models and/or OFAC sanctions screening models.
5 plus years of financial services data analytics or statistics experience
Familiarity implementing testing or evaluating performance of financial crime and compliance systems.
Proven track record of strong quantitative testing and statistical analysis techniques as it pertains to BSA/AML models including name similarity matching classification accuracy testing unsupervised/supervised machine learning neural networks fuzzy logic matching decision trees etc.
Familiarity of current compliance rules and regulations of the FRB SEC OCC FATF FinCEN OFAC and familiarity with USA PATRIOT Act BSA/AML and OFAC screening regulations.
Familiarity with vendor models like Hotscan Actimize SAM/WLF SearchSpace RDC Bridger Insight ACE Pelican TCH OFAC Screening (EPN) FICO Credit/Debit Guardian Analytics and ThreatMetrix.
Bachelors degree in statistics mathematics quantitative analysis economics or related field is required.
Experience interfacing with banking regulators and enforcement staff.
The typical base pay range for this role is between $126k-$164k depending on job-related knowledge skills experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits retirement plans educational assistance and training programs income replacement for qualified employees with disabilities paid maternity and parental bonding leave and paid vacation sick days and holidays. For more information on our Total Rewards package please click the link below.
We will consider for employment all qualified applicants including those with criminal histories in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance (ii) the City of Los Angeles Fair Chance Initiative for Hiring Ordinance (iii) the Los Angeles County Fair Chance Ordinance and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment if any.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race color national origin religion gender expression gender identity sex age ancestry marital status protected veteran and military status disability medical condition sexual orientation genetic information or any other status of an individual or that individuals associates or relatives that is protected under applicable federal state or local law.Required Experience:
Chief
Employment Type
Full-Time
