Head of Financial Crimes Modelling Analytics - New York New York

Company: Mizuho Financial Group
Location: New York, New York
Posted On: 05/09/2024

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 More...

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