Senior Manager Compliance Data Analytics
1 week ago
JOB TITLE: Senior Manager Compliance Data Analytics
DEPARTMENT: Compliance
REPORTING TO: Head of FCC & MLRO
JOB PURPOSE: The person will report to the Head of FCC. He/she will work with Compliance and IT to develop data analytics capability and actionable insights for the function. Translating regulatory reporting requirements into highly accurate data models and set strategy for how we ensure the best possible data accuracy.
Core duties and responsibilities:
- Develop and leverage innovative data analytics methodology and algorithms to reduce false positive rates.
- Drive actionable insights through data analytics to identify new and emerging financial crime patterns to pro-actively develop detection/prevention scenarios in transaction monitoring system.
- Extract, validate, transform, and load data from multiple sources including data warehouse, big data platform and other data sources available in the bank to provide efficient and effective analytics for the Financial Crime Compliance department.
- Undertake periodic assessment on AML/CFT typologies and scenarios configured in the transaction monitoring system.
- Support maintenance and enhancement of existing systems and controls owned by the team.
- Pro-actively manage data quality issues as they arise.
- Responsible for developing and delivering insightful dashboards for Financial Crime team by incorporating key performance measures and indicators that drive bank's performance measurements across products, segments and channels and update senior leadership regularly on the health of the business and any early warning indicators.
- Transform analytic insights into understandable and actionable recommendations and communicate them effectively across the organization.
- Using appropriate Machine Learning algorithms and techniques, develop advanced analytics and predictive analytics solutions.
- Manage consolidation, collection, and reporting of KPIs pertaining to Compliance and Risk functions.
JOB CONTEXT:
- Understanding key performance indicators and strategic priorities of the business.
- Provide actionable insights and recommendations using descriptive or predictive analytics to support increased profitability and market dynamics.
- Knowledge about latest trends and enhancements in analytics industry particular to banking.
COMMUNICATION & WORKING RELATIONSHIPS:
- Ability to translate analytical insights into understandable and actionable recommendations and communicate them effectively across the organization.
- Communicate effectively and in business language the outcome of statistical and advanced predictive analytics.
- Be the primary change management person within the organization for successful adoption of analytics and data-driven culture.
- Be the key interface between COMPLIANCE and internal teams such as IT and Operations for all data and analytics related dependencies and successful implementation of analytics solutions.
FRAMEWORK, BOUNDARIES & DECISION MAKING AUTHORITY:
- As a senior member of the Compliance team, empowered to make necessary decisions pertaining to data analytics.
- His assessment, suggestions and recommendations are major inputs for management decision-making.
QUALIFICATIONS:
- Bachelor's degree in Computer Science / Statistics / Mathematics from a reputed university.
- Understanding and proficiency in Analytics and BI tools like – SAS, SQL, Power BI, etc.
- Strong communication and interpersonal skills.
EXPERIENCE:
- At least 10+ years of experience in the banking/financial services sector including, typologies, systems and data analytics.
SKILLS:
- Experience and understanding of a wide variety of analytical techniques including machine learning techniques.
- Ability to clearly present data-rich insights to senior management using appropriate graphics and business language.
- Strong commercial acumen and ability to distill complex analysis into easily understandable, business-oriented insights.
- Ability to visualize and develop graphical presentations for decision support.
- Excellent written and verbal communication skills.
- Ability to build and motivate a team to achieve well-communicated expectations.
- Strong negotiating and consensus-building abilities.
SENIORITY LEVEL: Mid-Senior level
EMPLOYMENT TYPE: Full-time
JOB FUNCTION: Information Technology and Accounting/Auditing
INDUSTRIES: Banking and Financial Services
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