Head of Financial Crimes Modelling Analytics
Company: Mizuho Financial Group
Location: New York
Posted on: May 8, 2024
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Job Description:
Head of Financial Crimes Modelling & AnalyticsThe Compliance
function manages compliance and regulatory risk by establishing
compliance policies, providing training, conducting compliance
reviews, and coordinating regulatory examinations and relations. -
The Financial Crime Compliance team within Compliance is
responsible for the Anti-Money Laundering (AML), Sanctions, and
Anti-Bribery & Corruption programs.SummaryThe -Head of FCC
Modelling & Analytics -is responsible for ensuring that the AML and
Sanctions models and systems are designed appropriately and
executed effectively that they are meeting all required model
governance standards. - The models include the customer risk
rating, transaction monitoring, and transaction filtering. - To
achieve success this person will partner closely with stakeholders
from AML, Sanctions, the Chief Information Office (including
technology, operations, and data management), and the
businesses.ResponsibilitiesExecute the annual Transaction
Monitoring (TM) Risk & Typology Coverage Assessment,
including:Maintaining a list of risks and typologies identified by
regulators, standard-setters (FATF), and law enforcementIdentifying
the products and services that require TMMapping those risks and
typologies to our products and services that require
monitoringMaintaining an inventory of the monitoring in place (both
automated and manual) for our applicable products and
servicesDetermining the coverage of the applicable risks and
typologies in the monitoring in place for each applicable product
and servicePerform an annual Scope of Monitoring Exercise to
identify the source systems that feed the TM s and Sanctions
systems and the underlying transaction types for each system and
determines which are "relevant" requiring monitoring, and to
determine if the relevant codes are feeding the automated and
manual solutionsConduct a TM Productivity Assessment to ascertain
the effectiveness of the TM systemTune and optimize the models
based on the ATL/BTL and Productivity Assessment resultsExecute the
model risk framework and standards for the AML and Sanctions models
in accordance with the Mizuho Model Risk PolicyOversee the annual
KPMG model validation of the transaction monitoring and sanctions
modelsWork with IT to establish and monitor data quality controls
between point of exchange systems and our AML and Sanctions
systemsPartner with the CIO function on the broader Data Program
RoadmapLiaise with Head Office regarding model changes, approvals,
and communication of any issuesLead / coordinate user acceptance
testing and data validation programsQualifications10+ years'
experience in Modelling and Analytics with a focus on AML and
SanctionsBachelor's degree; master's degree desiredStrong knowledge
of the legal and regulatory obligations applicable to money
laundering and sanctionsExcellent writing, communication,
analytical, judgment and research skills with strong attention to
detail and the ability to multitaskAbility to communicate complex
topics to audiences in a simple and easy-to-understand mannerThe
expected base salary ranges from $200,000.00 - $275,000.00. Salary
offers are based on a wide range of factors including relevant
skills, training, experience, education, and, where applicable,
certifications and licenses obtained. Market and organizational
factors are also considered. In addition to salary and a generous
employee benefits package, successful candidates are eligible to
receive a discretionary bonus.#LI-NR1Other requirementsMizuho has
in place a hybrid working program, with varying opportunities for
remote work depending on the nature of the role, needs of your
department, as well as local laws and regulatory
obligations.Company OverviewMizuho Financial Group, Inc. is the
15th largest bank in the world as measured by total assets of -$2
trillion. Mizuho's 60,000 employees worldwide offer comprehensive
financial services to clients in 35 countries and 800 offices
throughout the Americas, EMEA and Asia. Mizuho Americas is a
leading provider of corporate and investment banking services to
clients in the US, Canada, and Latin America. Through its
acquisition of Greenhill---, Mizuho provides M&A, restructuring
and private capital advisory capabilities across Americas, Europe
and Asia. Mizuho Americas employs approximately 3,500
professionals, and its capabilities span corporate and investment
banking, capital markets, equity and fixed income sales & trading,
derivatives, FX, custody and research. Visit .------Mizuho Americas
-offers a competitive total rewards package.We are an EEO/AA
Employer - -M/F/Disability/Veteran.We participate in the E-Verify
program.We maintain a drug-free workplace and perform
pre-employment substance abuse testing.#LI-MIZUHOSummaryLocation:
New York, NY (1271 AOA/6th Ave)Type: Full time
Keywords: Mizuho Financial Group, Hempstead , Head of Financial Crimes Modelling Analytics, Accounting, Auditing , New York, New York
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