Previous Job
AML Optimization
Ref No.: 18-04261
Location: Miami, Florida
Position Type:Direct Placement
Our client is looking for an AML Optimization officer to work on-site at their clients.

Essential Duties and Responsibilities:

  • Creating detailed plans regarding the scheduling of tuning and testing related to the production and pre-production monitoring rules within various AML monitoring and OFAC/sanctions screening technology and analytics solutions systems.
  • Utilizing visualization techniques to display data and the results of analysis in clear straightforward presentations that can be understood by non-technical readers.
  • Develop models and execute ongoing monitoring for client transactions.
  • Determine gaps in our optimization process and make recommendations for continued regulatory compliance.
  • Defining the methodology/approach in a clear and concise manner to support the model optimization efforts.
  • Playing a key role in communicating issues identified during the tuning/testing process to management and IT programming/technical staff.
  • Developing documentation related to production and pre-production tuning efforts and parameter changes for AML transaction monitoring and OFAC/sanctions screening systems to ensure a comprehensive audit trail is maintained.
  • Assisting management as directed for tracking system changes, data validation and parameter changes for AML monitoring and OFAC/sanctions screening systems to ensure a comprehensive audit trail is maintained.
  • Assisting with the evaluation of monitoring and screening solutions and correcting errors to maintain systems following implementation.
  • Planning and preparing technical reports, memoranda, and desktop procedures in order to document program development.
  • Individually leading projects and successfully collaborating on larger projects.
  • Assisting management in conducting data validation and other system testing.
  • Meeting with internal audit, model validators and regulators as needed.
  • Mentor junior analysts as appropriate.


Knowledge of:

  • Financial services companies (retail banking, small business banking, commercial, institutional, private banking).
  • Statistical techniques and methodology (sampling approaches), and/or regulatory/risk analyses.
  • Statistical/data analytical skills, including data quality validation, descriptive statistics and predictive modeling experience.
  • AML and Sanctions regulations, including the Bank Secrecy Act, USA PATRIOT Act and OFAC.
Skill in:

  • Statistical software packages such as SAS, SPSS, etc.
  • AML transaction monitoring systems (preferably Mantas) and/or OFAC/Sanctions screening systems (preferably LexisNexis Bridger).
  • MS Excel and Word.
  • Strong Verbal and written communication.
Ability to:

  • Understand production output from AML monitoring and OFAC/sanctions screening technology.
  • Produce meaningful reports from output of AML monitoring and OFAC/sanctions screening technology for communication to senior management.
  • Execute the ongoing testing and model optimization strategy.
  • Develop procedures documenting the processes implemented by the AML Optimization team.
  • Leverage knowledge of advanced statistical techniques to create models