Job Description
The BSA Risk Analytics Specialist is responsible for developing, designing, maintaining, and validating BSA models, tools, methodologies, and alert schemes to identify, mitigate, monitor, control and report BSA risk factors and suspicious activity that impact Amerant Bank in accordance with bank policies, procedures and regulatory guidance. Acts as the data steward responsible of the framework’s integrity, quality, and classification of data relevant to the key BSA/AML/OFAC compliance systems.
Responsibilities - Responsible for the daily balancing of the Transaction Monitoring System; working in conjunction with the BSA System Admin and Compliance Risk Strategy and Planning Officer to address any discrepancies with Information Technology.
- Develop and fine tune transaction monitoring rules to identify, mitigate, and control BSA risk factors in accordance with bank policies, procedures, and regulatory guidance.
- Understand the designing, training and evaluating machine learning models, including neural networks and generative AI
- Maintain appropriate documentation of designed BSA models, tools, and methodologies to ensure continuity and adherence to original standards, configuration, and procedures.
- Participate and provide guidance in the system design and implementation of the BSA models, tools and methodologies developed by Market Risk Analytics
- Collaborate with Model Risk Management (MRM) Unit in the validation of the models by providing required documentation, executing back-testing, on-going model monitoring
- Act as the data steward responsible of the BSA data framework responsible of the integrity, quality, and classification of data relevant to the key BSA/AML/OFAC compliance systems.
- Collaborate in the creation of data dictionaries and data sourcing process maps and procedures related to the key BSA/AML/OFAC compliance systems
- Assist in the end-to-end data lineage documentation and performs quality assurance
- Develop and maintain dashboards and reports to monitor key risk indicators (KPIs)
- Assist in the data extraction for the Enterprise Risk Management metrics of the BSA/OFAC area
- Assist in the data extraction of the metrics to complete the Money Laundering Risk Report and BSA/OFAC Risk Assessments of bank processes, systems, products, geographies, and customers by producing the necessary data extraction, validation, automation, and analysis of potential BSA/OFAC risks.
- Provide monthly reports to internal customers within the BSA Risk and CDD/EDD units and Liaisons as needed. Reports are pulled on a case-by-case basis depending on the list of requirements from audits and regulatory entities.
- Actively participate in the execution of projects, processes and initiatives that encompass all aspects of the BSA/AML/OFAC data program.
- Translate BSA requirements into technological (programming) language and on the other hand, able to glimpse the systems’ capabilities to improve the bank’s BSA/AML program.
- Provide assistance during OCC exam, audit reviews, and system validations conducted by third parties.
- Perform other duties as assigned by management.
Minimum Education and /or Certifications: A bachelor’s in finance, economics, computer science, statistics, mathematics, engineering, or a related quantitative field. Alternate experience and education in equivalent areas such as economics, finance, or risk, is acceptable. Experience in more than one area is strongly preferred.
Minimum Work Experience Requirements: Minimum of three (3) years of relevant experience in data management and/or analytics.
Technical and/or Essential Knowledge: Strong verbal, written communication, and organizational skills with the ability to summarize and present findings in a clear and concise manner. Training, presentation, and analytical skills. Independent thinker and ability to manage numerous tasks and sensitive information in a professional manner in a fast-paced deadline driven environment. Ability to work collaboratively with cross-functional units; ability to navigate a complex organization to influence people across cultures. Ability to manage confidential and sensitive information in a professional manner. The role requires a range of both technical and business-oriented skills, including programming, data modeling, and PowerBI. MS Word Advanced, MS Excel Advanced, and MS PowerPoint Advanced are required. Bilingual English/Spanish preferred.
Job Tags
Work experience placement,