Senior Manager - BSA/AML & Sanctions Modeling and Analytics
WFA Digital Insight
The demand for anti-money laundering specialists has grown significantly, with a 25% increase in job postings in the last year alone. As fintech companies like Mercury continue to disrupt the financial services industry, the need for skilled professionals who can develop and implement effective financial crime detection models has never been more pressing. With the rise of remote work, candidates now have more opportunities than ever to join innovative companies like Mercury and make a real impact in the fight against financial crime. Before applying, candidates should be aware that this role requires a strong analytical background and experience with financial crime compliance programs.
Job Description
About the Role
The Senior Manager - BSA/AML & Sanctions Modeling and Analytics role at Mercury is a critical position that requires a unique blend of analytical skills, financial crime compliance knowledge, and experience with modeling and analytics. As a key member of the BSA/AML & Sanctions compliance team, you will be responsible for developing and implementing financial crime detection models that help protect Mercury, its customers, and the broader financial ecosystem from bad actors and harmful activities. You will work closely with cross-functional teams, including risk strategy, engineering, and compliance, to build and oversee models that effectively detect and mitigate financial crimes risks.Mercury is a fintech company that provides banking services to ambitious entrepreneurs, and as such, it is essential that we have a robust financial crime compliance program in place. The BSA/AML & Sanctions compliance team serves as the oversight function for the overall AML & Sanctions program, and this role will play a critical part in enhancing our financial crime detection models.
What You Will Do
- Build and maintain financial crime detection models, including transaction monitoring, sanctions screening, and customer risk scoring models
- Develop and execute the modeling and analytics roadmap supporting Mercury's Financial Crimes Compliance program
- Partner with senior Compliance, Product, and Data leaders to translate regulatory requirements into effective analytical frameworks
- Champion analytical excellence, model governance, and innovation in AML and Sanctions detection approaches
- Design, implement, and maintain statistical and machine learning models for transaction monitoring, sanctions screening, customer risk scoring, and alert optimization
- Ensure models and rules have appropriate documentation in line with Mercury's Model Risk Management framework
- Evaluate and tune existing detection models and rules to reduce false positives while maintaining regulatory rigor
- Develop data-driven methods to identify new typologies, emerging risks, and evolving financial crime trends
- Partner with Model Risk Management to support validation and performance monitoring of models to ensure compliance with internal and regulatory standards
What We Are Looking For
- 5-8 years of experience leading modeling and analytics functions for financial crimes compliance
- Strong analytical background with experience in data analysis, statistical modeling, and machine learning
- Experience with financial crime compliance programs, including BSA/AML and Sanctions
- Ability to build and scale the modeling and analytics function, including hiring, establishing norms, and delivering excellence along the roadmap
- Excellent technical writing skills, with the ability to translate complex concepts into plain English
- Experience with Model Risk Management and regulatory requirements
Nice to Have
- Experience with cloud-based data platforms, such as AWS or Google Cloud
- Knowledge of programming languages, such as Python or R
- Experience with data visualization tools, such as Tableau or Power BI
- Certification in a related field, such as CFE or CCEP
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a innovative fintech company that is disrupting the financial services industry
- Collaborative and dynamic work environment with a team of experienced professionals
- Flexible working hours and remote work options
- Professional development opportunities, including training and certification programs
- Access to the latest tools and technologies, including data analytics and machine learning platforms
How to Stand Out
- Develop a strong understanding of financial crime compliance programs, including BSA/AML and Sanctions, and be prepared to discuss your experience and knowledge in these areas
- Highlight your analytical skills, including data analysis, statistical modeling, and machine learning, and be prepared to provide examples of your work
- Showcase your technical writing skills by providing examples of complex concepts translated into plain English
- Be prepared to discuss your experience with Model Risk Management and regulatory requirements, and how you have ensured compliance in previous roles
- Research Mercury's company culture and values, and be prepared to discuss how you align with them and how you can contribute to the team's success
- Be prepared to provide examples of your experience with data visualization tools, programming languages, and cloud-based data platforms
- Don't be afraid to ask questions during the interview process, such as what a typical day in the role looks like, or what opportunities there are for professional development and growth
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