Financial Crimes Model Risk Manager
Company: Disability Solutions
Location: Green Bay
Posted on: October 18, 2024
Job Description:
At Associated Bank we strive to create an inclusive culture
where different perspectives are valued and recognized as strengths
critical to our success. If you thrive in an environment where your
growth and development are encouraged and supported, then
Associated Bank may be the right place for you.As a Financial
Crimes / AML Model Risk Manager, you will have primary ownership of
the models utilized in all of the financial crime programs - BSA,
OFAC, Fraud, etc. this position ensures that the MRM regulatory
obligations from a model governance perspective for model stand up,
tuning, monitoring and validation is met. You will function as an
integral member of the Financial Crimes AML Practice and assist the
team in performing all aspects of MRM including but not limited to
model development, model validation, documentation, KRI monitoring,
tuning and optimization. The MRM Manager will be required to
perform statistical analysis and will work closely with the
Financial crime teams, model governance group, and our corp risk
intelligence analysts..Due to work requirements, candidates must be
located within 30 miles of Green Bay or Milwaukee, WI.We invite you
to view the opportunity below.As a Financial Crimes Model Risk
Manager, you will:
- Understand the area of financial crime and model related
requirements - laws, regulations, industry trends and company
framework designed to establish processes to detect and prevent
money laundering, fraud, sanctions breaches and terrorism
- Understand the business, risk profile, policies, procedures,
processes, controls and in-scope systems in the space of financial
crime
- Ensure appropriate documentation with the development, tuning,
validation and independent review (where necessary). Assist with
development and execution of model development and ensure adherence
to validation and independent review, audit scope, regulatory
exams
- Perform statistical analysis and testing / effective challenge
of financial crime models, including conceptual soundness, data
inputs, governance, outcomes, ongoing monitoring and documentation
in accordance with MRM supervisory guidance
- Ensure appropriate model development/validation/independent
review report for each model detailing all the testing with
evidence and results
- Assist with ongoing KRI review of model output to identify
drift/breaches and help with the process for tuning, with focus on
both efficiencies and effectiveness
- Assist in developing and ongoing creation of reporting for
management review as well as committees and exams (audits,
regulatory, and board committee reporting
- Apply knowledge of BSA/AML, Fraud and OFAC sanctions trends,
systems, and processes to evaluate models and findings for risk and
develop value-added recommendations
- Work closely with the LOB to understand impact to business
goals and customer experience. Collaborate on monitoring and
thresholds that support model success in terms of both financial
crime requirements but also customer and growth goals
- Work closely with the FID teams and Corporate Risk Intelligence
analysts to optimize the work flows and processes related to
models, tuning, validation and reporting
- Assist project and initiative support to ensure that
requirements are defined and that project goals align to our FID
model approach and strategies and that our models stay current and
commensurate with risk and changeEducation
- Bachelor's Degree or equivalent combination of education and
experience statistics, mathematics, financial crime, data
analytics, forensic accounting or related fields. Required
- Master's Degree statistics, mathematics, financial crime, data
analytics, forensic accounting or related fields.
PreferredExperience
- 6-8 years Financial Crimes model development or model
validation with a banking institution or professional services
firm. RequiredIn addition to core traditional benefits, we take
pride in offering benefits for every stage of life.
- Retirement savings including both 401(k) and Pension
plans.
- Paid time off to volunteer in your community.
- Opportunities to connect with others through our
diversity-focused Colleague Resource Groups.
- Competitive salaries with professional development and
advancement opportunities.
- Bonus benefits including well-being programs and incentives,
parental leave, an employee stock purchase plan, military benefits
and much more.
- Personal banking, loan, investment and insurance
benefits.Associated Bank serves more than 120 communities
throughout Wisconsin, Illinois and Minnesota and we consider our
colleagues critical to our continued success. See why our
colleagues continually vote us a best place to work in the Midwest.
Join our community on Facebook, LinkedIn and X.Compliance
StatementAssociated Bank is an equal opportunity employer committed
to creating a diverse workforce. We support a work environment
where colleagues are respected and given the opportunity to perform
to their fullest potential. We consider all qualified applicants
without regard to race, religion, color, sex, national origin, age,
sexual orientation, gender identity, disability or veteran status,
among other factors.Fully complies with all applicable enterprise
policies and procedures. Acts in compliance with all applicable
laws and regulations as outlined in training materials, including
but not limited to Bank Secrecy Act. Responsible for reporting
suspicious activity to Financial Intelligence. Responsible to
report all customer complaints as prescribed and procedure
violations to management or HR.Responsible to report ethical
concerns as needed to Associated Bank's anonymous Ethics
Hotline.Associated Bank provides additional assistance to
individuals with disabilities throughout the application &
interview process. Please contact
leavesandaccommodations@associatedbank.com if you need an
accommodation at any time during the interview process.Associated
Banc-Corp is an Affirmative Action and Equal Opportunity Employer.
Associated Banc-Corp participates in the E-Verify Program. E-Verify
Notice English or Spanish. Know Your Right to Work English or
Spanish.Associated Bank is Pay Transparency compliant.
Keywords: Disability Solutions, Green Bay , Financial Crimes Model Risk Manager, Accounting, Auditing , Green Bay, Wisconsin
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