AML and Fraud Model Validation
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Industry/Sector
Not ApplicableSpecialism
Risk ArchitectureManagement Level
Senior AssociateJob Description & Summary
At PwC our people in data and analytics focus on leveraging data to drive insights and make informed business decisions. They utilise advanced analytics techniques to help clients optimise their operations and achieve their strategic goals.In data analysis at PwC you will focus on utilising advanced analytical techniques to extract insights from large datasets and drive data-driven decision-making. You will leverage skills in data manipulation visualisation and statistical modelling to support clients in solving complex business problems.
Focused on relationships you are building meaningful client connections and learning how to manage and inspire others. Navigating increasingly complex situations you are growing your personal brand deepening technical expertise and awareness of your strengths. You are expected to anticipate the needs of your teams and clients and to deliver quality. Embracing increased ambiguity you are comfortable when the path forward isnt clear you ask questions and you use these moments as opportunities to grow.
Examples of the skills knowledge and experiences you need to lead and deliver value at this level include but are not limited to:
- Respond effectively to the diverse perspectives needs and feelings of others.
- Use a broad range of tools methodologies and techniques to generate new ideas and solve problems.
- Use critical thinking to break down complex concepts.
- Understand the broader objectives of your project or role and how your work fits into the overall strategy.
- Develop a deeper understanding of the business context and how it is changing.
- Use reflection to develop self awareness enhance strengths and address development areas.
- Interpret data to inform insights and recommendations.
- Uphold and reinforce professional and technical standards (e.g. refer to specific PwC tax and audit guidance) the Firms code of conduct and independence requirements.
PwC US Risk Analytics Center of Excellence Job Description
Overview
PwC is one of the most prestigious professional services firms in the world serving as the auditor to nearly half of the worlds largest banks. PwC US Risk and Regulatory (R&R) comprises of a highly experienced team of risk management specialists supporting global financial institutions in their risk management initiatives. R&R has significant exposure to and driver of industry leading practices and has deep knowledge of regulatory expectations. R&R professionals experience covers all financial model types including those used to manage credit risk market risk operational risk and compliance riskas well as those used for financial reporting valuations and economic capital estimation.
Risk Analytics Center of Excellence (CoE) is the India extension of R&R practice and provides key risk analytics services to global banks investment firms and asset management entities. It comprises of risk analytics professionals with stellar quantitative pedigree from premier institutions industry certifications in CFA FRM PRM etc. and proven professional credentials in risk modeling and analytics at reputed financial institutions and consulting firms. As an integral part of PwC US R&R Risk Analytics CoE drives risk analytics engagements opportunity pursuits and cutting-edge innovation using data science Artificial Intelligence Machine Learning and Deep Learning.
Experience level 2-6 years of experience.
Location: Bangalore
AML & Transaction Monitoring Expertise Strong background in AML audit regulatory requirements transaction monitoring typologies red flag analysis and hands-on experience with Actimize rules KPIs implementations and controls. Skilled in validating transaction authenticity aligning purpose codes with business activity/MCC classification and assessing coverage of high-risk corridors and typologies against FATF OFAC regulatory expectations industry red flags and internal risk appetite.
Rule Logic & Optimization Evaluate and enhance TM rule logic thresholds frequency and alert performance through analysis of historical alerts false positives and SAR conversion rates. Conduct gap assessments to identify under-coverage recommend calibration ATL BTL testing and review or drafting of Business Requirement Documents (BRDs) and technical documents to formalize monitoring enhancements.
Sanctions & Screening Knowledge Understanding of OFAC EU UN UK HMT sanctions regimes sanction screening models (watchlist filtering fuzzy matching name screening alert scoring) and familiarity with vendors like Fircosoft Actimize
WLF Accuity SafeWatch. Should have sound knowledge of model testing based on screening logic and fuzzy matching.
Fraud Model Validation & Controls Expertise in fraud model audit and end-to-end validation including variable selection modeling approaches calibration performance metrics and implementation. Ensure alignment with industry best practices and governance controls to strengthen fraud and AML monitoring frameworks.
Governance & Communication Strong written and verbal skills to prepare validation reports governance decks and regulatory responses with experience in ongoing monitoring periodic reviews of sanction/fraud models and false positives reduction techniques.
Travel Requirements
Job Posting End Date
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 155 countries with over 284,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by vis ... View more
