Manager/Lead Manager - Core Modelling/Statistical Modelling/Predictive Modelling - BFSI

Purpose of Department

- Global Analytics Centres (GAC) provides support to various business groups and functions. Members of the GAC are involved in data analysis, model and strategy development and implementation, reporting and data management. These analyses form the information basis for strategic planning by the senior management for businesses and enables effective decision making to satisfy business needs and requirements along with addressing unforeseen challenges.

- This role within the Decision Sciences job family supports various analytical projects for the Compliance Analytics function. The compliance analytics team will be involved in providing best-in-class Analytics solutions to the Financial Crime and Regulatory Compliance functions across lines of businesses and geographies within the organization. The team caters to both strategy and operations aspect of managing financial crime through a combination of the following activities

- Enable Bank to monitor their customer transactions and generate automated alerts for activities that may be unusual and indicative of potential money laundering.

- Design, deploy, monitor and maintain models in various scenarios for Transaction Monitoring / Client screening

- Support Financial Crime Compliance Operations with analytical solutions for increased efficiency and operational effectiveness through models, scorecards and data attestation frameworks

- Define Compliance Metrics and Design / Deploy MI dashboards to provide insight into system / process performance

- Support System Implementation teams to ensure zero defect

The incumbent for this role is expected to

- Conceptualize and build analytical solutions using statistical techniques (if required) to provide insight into the changing dynamics of Compliance activities; Execute the assigned projects/ analysis as per the agreed timelines and with accuracy and quality through involvement in any or all of the following activities

- Data Quality Analysis, Segmentation, Threshold Setting and Tuning for Transaction Monitoring

- Trend Analysis and Dashboard Creation based on Visualization technique

- Data Implementation Checks and Quality Assurance

- Develop Statistical models and data attestation frameworks

- Perform regular analysis of data and provide multi-dimensional views of the data to support compliance; Design and deploy visualizations to facilitate senior management decision making at tactical as well as strategic level

- Leverage consulting skills to identify process improvement opportunities and demonstrate the value proposition of analytical solutions amongst stakeholders

- Perform R&D on available data to come up with new and enhanced analysis of data; leverage advanced statistical/ math modelling where required to provide future state analysis and participate in proactive strategy building

- Maintain regular communication with business to understand changes in requirements, feedbacks and recommendations

- Ensure adherence with all the applicable compliance policies (Data security policy, AML, operational risk, Functional manual, Group Compliance Manual, Audit recommendations, Internal Control requirements, regulatory guidelines etc.) and business standards of Organization as applicable. Take timely action on Audit comments and be able to demonstrate compliance with Internal controls

- Mentor, guide and oversee junior team members as required

- Graduation / Post Graduation degree in Statistics, Mathematics, Economics on any other quantitative discipline

- At least 6 years of experience of working in Analytics for BFSI domain. Prior experience of Operations Analytics/ Collections Analytics/ Risk Analytics domain would be strongly preferred.

- Knowledge of statistical techniques and exposure to tools like SAS / SQL is required

- Should be highly skilled in communicating complex ideas.

- Strong analytical thought process and aptitude for problem solving.

- Should be adept in using MS Office with exceptional MS Excel Skills. Exposure to VBA will be advantageous.

- Experience and Exposure to visualization technologies such as Qlikview/ Spotfire/ Tableau