AML & Compliance Data Analyst

Job Description

Short DescriptionCommercial bank Innovation Services is hiring an AML & Compliance Analyst to join our dynamic team . The role requires strong experience within AML and Compliance as well as Data Analytics .Job SummaryTo strengthen our AML compliance framework, leveraging specialized capabilities in the Fircosoft platform for advanced rule writing and fine-tuning. The individual will lead initiatives to refine and optimize transaction monitoring, placing a strong emphasis on precise rule configuration and fine-tuning in Fircosoft. Mastery in SQL and data visualization through Power BI is essential for producing detailed analytics and comprehensive reporting. The role involves driving automation initiatives and process enhancements to increase efficiency and accuracy in compliance operations. Collaborative efforts with governance, IT units, and other business sectors are pivotal to ensuring a seamless and compliant operation in line with international FATCA & CRS standards.Key Accountabilities

• Expertise in Fircosoft Platform: Demonstrated hands-on experience with rule writing, hits investigation, and analysis in Fircosoft. Capable of designing mitigation solutions, fine-tuning rules to minimize false positives, and enhancing rule effectiveness. Familiarity with Fircosofts suite for detecting suspicious activities is a plus.
• Address and resolve logic and configuration issues in Monitoring scenarios by conducting tuning & optimization exercises and reviewing and addressing open AML TM & Sanctions findings from Model Validation, including adjustments using Fircosofts rule-writing capabilities.
• Oversight of rule optimization processes, including an assessment of whether rules, both internal and those within Fircosoft, are appropriately delivering high-quality cases to compliance investigators.
• Support the implementation of AML Group compliance systems Roadmap as agreed with the Compliance management. Keep the Project Lead & Head of Compliance - Technology, Data, and Reporting updated.

• Co-ordinate for the delivery of comprehensive SIT/UAT scripts development vetted by all relevant stakeholders with agreed criteria.
• Monitor and report any inaccuracies in the integrity of data feeds made to the transaction monitoring systems, including those feeds interfacing with Fircosoft.
• Co-ordinate with relevant stakeholders to ensure smooth and proper delivery and provide periodic status updates to the reporting manager.
• Work in partnership with AML Governance to develop and drive initiatives that transform and modernize the capabilities and services of Monitoring within the AML Ops function. This includes performing deep dives to interpret data quality issues, identifying remediation using Fircosoft where applicable, and tracking resolutions.
• Communicate production issues with key stakeholders such as business lines, AML Governance, and the IT Department, ensuring any issues related to Fircosoft are quickly addressed and resolved.

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