Senior Associate

Senior Associate

Job Summary of Senior Associate:

This role involves analytical research in support of the Compliance Department with a focus on AML/BSA, and requires expertise in SQL, Python, and ETL for the design, development, and implementation of business solutions. Additionally, this position plays a critical role in optimizing model performance, collaborating with stakeholders, and enhancing compliance technology initiatives.

Job Duties and Responsibilities of Senior Associate:

• Collaborate with Model Owners, Model Risk Management, and stakeholders to translate business requirements into technical specifications for model development, tuning, optimization, and performance monitoring.
• Assess model health using statistical methods, evaluate assumptions, and drive remediation efforts.
• Support Compliance Risk Model projects, collaborating with SHUSA and its subsidiaries to design performance metrics.
• Ensure compliance with legal and regulatory requirements, providing necessary information to support independent audit activities.
• Conduct analytical research in support of the Compliance Department, focusing on AML/BSA.
• Develop complex queries with SQL, Python, and ETL to analyze data and create reporting solutions, including stored procedures, view queries, and tables.
• Serve as a Subject Matter Expert in implementing technology initiatives to enhance compliance data repositories, reporting, and analytics, with a focus on AML/BSA compliance.

Qualifications and Experience of Senior Associate:

• Bachelor's Degree or equivalent work experience in Mathematics, Physics, Statistics, or a related quantitative field.
• Master's Degree in Computer Information Systems, Business Analytics, or related field is preferred.
• 9+ years of experience in AML/OFAC exposure and Model Development.
• Experience in model development, tuning, and optimization for AFC/AML models.
• Proficient in Python, SQL, statistical methods, and model development in cloud environments.
• Experience handling large datasets and performing data analysis to identify trends and patterns.
• Ability to lead complex projects, ensuring operational risk awareness.
• Solid understanding of the banking regulatory environment and its impact on risk management practices.
• Strong track record of delivering high-quality results, overseeing projects, and managing operational risk.
• Ability to adhere to organizational policies, procedures, and compliance requirements.

Benefits of Senior Associate:

• Comprehensive medical, dental, and vision insurance plans.
• Retirement savings plans, including 401(k) matching contributions.
• Generous paid time off (PTO) policies.
• Life insurance and long-term disability coverage.
• Opportunities for professional development and training.
• Work-life balance programs and employee wellness initiatives.

Salary: $108,750 - $195,000 per year

About Company:

Our company is a global leader in financial services, providing innovative solutions to help clients navigate the complexities of the financial world. We are committed to maintaining a diverse and inclusive workforce, fostering an environment of collaboration and excellence. Our mission is to deliver exceptional service to our customers while adhering to the highest standards of compliance, risk management, and technological advancement. We embrace a culture that encourages continuous learning, personal growth, and the pursuit of professional excellence.