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28/09 Ajay Asati
HR at Solytics Partners

Views:224 Applications:19 Rec. Actions:Recruiter Actions:13

Solytics Partners - Data scientist - AML/Screening/Transaction Monitoring/Model Validation (3-6 yrs)

Pune/Bangalore Job Code: 1161502

Data scientist AML (Screening or Transaction Monitoring) Model Validation

Job Description:

We are looking for skilled financial crime Analysts with Experience in validation of Name Screening Solution of Transaction Monitoring System


- Develop/validate variety of AML models in compliance with global regulatory requirements as well as satisfying business needs, complying to internal model validation standards.

- Analytical understanding of the screening system or transaction monitoring and ability to tune the rules to reduce the false positives.

- Validation of AML models such as transaction monitoring, threshold analysis/tuning, wire transfer monitoring, chain analysis, customer risk rating models

- Assist with development and execution of specific validation plan to include reviews of inputs, outputs, model theory, controls and documentation. Model calibration assistance may also be required.

- Review the underlying assumptions, inputs, conceptual soundness and theory, developmental evidence, implementation and output of the model being evaluated.

- Perform statistical analysis, benchmarking and back-testing of AML models.

- Identify and quantify model risk associated with the model being validated.

- Document results of model validation procedures. Prepare validation report and technical documents for the model being validated.


- The candidate should have 3+ years of experience in the validation of sanctions screening processes and Transaction Monitoring systems.

- Sound knowledge of regulatory practices in AML, OFAC and sanctions, and local laws

- Well versed with threshold tuning methodologies & implementation. Exposure to ATL/BTL

- Very strong experience in SAS, R, python, and SQL programming.

- Experience with Model Validation preferably experience managing a model validation engagement is required

Experience required with one or more of the following systems:

- Actimize

- Verafin

- Mantas


- Norkom

- Patriot Officer

- BAM+

- FCRM (Fiserv)

- Experience calibrating the models preferred

- Excellent written and verbal communication skills with a focus on detailed and clear technical writing

Other skillsets:

- The candidate should have attention to detail and excellent analytical, problem-solving, and time management skills.

- Oral and written communication skills in English and the ability to understand compliance policies and process assigned tasks in accordance with procedures.

- Willingness and commitment to walk extra mile to achieve client delight and ensure high quality output delivery within stringent timelines

- Ability to manage own assignment independently and help the team when needed.

- Ability to work with colleagues/clients located globally, and client. Strong stakeholder management skills

Women-friendly workplace:

Maternity and Paternity Benefits

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