VP – AML Transaction Monitoring Lead

VP – AML Transaction Monitoring Lead

Requirements

• Strong knowledge of AML TM solutions to assist with data mapping, system configuration/tuning, and performance optimization.
• Solid understanding of AML TM and other financial crime compliance regulations and industry best practices.
• Excellent communication and problem-solving skills, with the ability to manage relationships with competing work priorities across a wide range of stakeholders including technical teams, compliance officers, vendors, consultants and senior management.
• Comfortable adapting to and thriving in a dynamic, fast-paced environment which offers Banking-as-a-Service (BaaS) to Fintech clients.
• Strong analytical skills to diagnose issues, propose solutions, and implement changes effectively.
• Bachelor’s Degree in a Technical Field (e.g., Computer Science, Engineering, Information Technology, or a related field). Master’s degree highly desired.
• 10 + years of experience in financial crimes compliance, AML, KYC or related regulatory fields.
• Familiarity with scripting or querying languages (e.g. SQL) to aid in data analysis and TM operations.
• Experience working with large datasets and an understanding of data flows within compliance systems.

Responsibilities

• Serve as the subject matter expert (SME) for TM systems, with a deep technical understanding of how they work, including data segmentation, data flows, Above-the-Line/Below-the-Line tuning for scenario thresholds, and associated troubleshooting.
• Manage and spearhead projects related to the enhancement and optimization of the Firm’s TM system. Lead system upgrades, integration, and tuning/optimization efforts ensuring alignment with regulatory standards including active involvement in implementation of ISO20022 standards from a TM perspective.
• Act as the central point of contact and coordinate efforts between compliance end users, senior management, external vendors, consultants, and internal IT teams to ensure timely project delivery and system performance in a fast-paced work environment. Work closely with stakeholders to assess upgrades, or system enhancements. Ensure vendor compliance with agreed-upon deliverables and SLA.
• Understand data workflows from ingestion to reporting and develop strategies to optimize system configurations, minimize false positives and enhance detection capabilities through segmentation and tuning efforts.
• Actively participate in internal and external audits as well as TM model validation efforts by serving as key TM SME, thereby providing detailed and timely documentation in coordination with the vendor and IT as needed, addressing requests for information. Additionally, review final reports and take ownership of key findings related to transaction monitoring systems related items.
• Guide, mentor, and train TM systems analysts in order to achieve high performance and alignment with compliance objectives.
• Establish monitoring protocols for system performance and generate reports and escalate issues on transaction monitoring.

Preferred Qualifications

• Proven experience managing complex system projects with multiple stakeholders preferred.
• Experience working with Velocity (provided by Alacer) for AML Transaction Monitoring preferred.
• CAMS or equivalent certification in AML transaction monitoring preferred.