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Corporate - Model Risk Governance & Review - Model Review Group – Anti Money Laundering - ED

Req #: 170087933
Location: Jersey City, NJ, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:
The Model Review Group (MRG) is responsible for conducting model validation firm-wide to help identify, measure, and mitigate Model Risk.  MRG works closely with LOB, Risk and Finance professionals to review findings, on-going model risk measurement and risk mitigating strategies.
AML models cover Anti Money Laundering, Trade Surveillance, Sanctions Screening, Know Your Customer (KYC), Client Due Diligence (CDD), and other forms of financial crimes monitoring. This is a fast developing space and presents great growth opportunities.
Key Responsibilities:
  • Independently review, analyze and test models used in Compliance Analytics for BSA/AML.
  • Maintain effective challenge, critical thinking, independence, consistency and strong compliance to policy and procedures in model review activities.
  • Effectively manage business priorities to complete high quality model review work.
  • Effectively support regulatory and audit requests.
  • MSc or PhD in Mathematics, Physics, Engineering, Finance or Statistics.
  • Mid-level experience (5-10 years) in a Model Validation or Front Office Quant role.
  • Excellent understanding of the statistical, mathematical and numerical methods used in quantitative finance.
  • Thorough knowledge of at least one programming language such as C/C++/Python.
  • Excellent written communication skills.
  • Familiar with SR 11-07.
  • Previous experience of regulatory and audit interaction.
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