Financial Crime Model Validation Manager
About the role
At Crowe Consulting—a dynamic business focused on solving problems for our clients—you will lead and execute model validation testing processes on systems that support Financial Crime programs, including transaction monitoring, customer risk assessment/rating, fraud detection, and watchlist screening/interdiction systems.
In this role, you will design and update testing strategies (e.g., creation or enhancement of risk and control matrices) to provide independent testing of these systems. Testing may include control conceptual design testing, control operating effectiveness testing, and/or issue validation testing. You will execute analytical projects, working closely with senior stakeholders and clients to deliver value to financial institution clients.
Responsibilities
- Review model governance, including processes surrounding model effectiveness.
- Critically challenge model design and development.
- Test data inputs, including data quality issues, data mapping, ETL processes, balancing and reconciliation controls, data lineage, throughput, and backtesting.
- Verify that model logic is working as intended.
- Assess model user access controls, key performance indicators (KPIs), and alert review processes.
- Evaluate model performance, including tuning and sanctions sensitivity testing.
- Document testing using standardized work papers and model validation reports and other client deliverables.
- Provide oversight and guidance to the testing team for efficient engagement delivery, maintain engagement budget, and provide timely reporting of engagement progress to the client and engagement executive.
Qualifications
- Bachelor's and/or advanced degree with a concentration in Data Management or Analytics; Finance; Computer Science, Management Information Systems, or Statistics/Mathematics.
- 4+ years of experience within the Financial Crime industry.
- 4+ years of model validation, AML system implementation, data lineage, or quality testing experience.
- Basic knowledge of the software development lifecycle.
- Demonstrated experience with data analysis, business analysis, and data validation activities with financial services institutions.
- Demonstrated experience performing independent testing on models, including an understanding of risks/controls and experience documenting testing within workpapers.
- Experience executing model validations of financial crime systems, including but not limited to: Verafin, Actimize, BAM/BAM+, YellowHammer, FCRM, FinanSeer, FiServ, Lexis Nexis Bridger, FircoSoft, Quantexa, Palantir, Accuity, RDC, and others.
- Demonstrated experience and knowledge of banking and compliance systems.
- Demonstrated experience working in a results-driven environment within a team environment.
- Strong organizational, interpersonal, and presentation skills.
- Ability to actively engage with stakeholders to collect information, identify issues, and make recommendations for business and process improvements.
- Highly effective verbal and written communication skills and the ability to interact with all levels of management.
- Strong teamwork, communication, and customer service skills.
- Strong analytical, attention to detail, organizational, and core project management skills.
- Knowledge of the challenges of data cleansing and integration.
- Ability to work with IT and business personnel.
- Travel as required by client needs.
Preferred Qualifications
- Prior professional services/consulting firm experience.
- Experience with data extraction and analysis tools such as SQL/Python.
- Experience visualizing and communicating analytical results using technologies such as Tableau, Power BI, Cognos, QlikView, Spotfire, and D3.
Pay
A reasonable estimate of the current range is $102,800.00 - $210,200.00 per year.
Benefits
Crowe offers a comprehensive total rewards package, including exceptional people experiences and opportunities for career growth in an inclusive culture that values diversity.