Model Validator- FIU/AML/Sanctions

TEKsystems
$85.00 - $95.00 / hr
life insurance, sick time, 401(k), retirement plan
United States, Texas, Dallas
Feb 20, 2025
South State Bank is seeking a highly skilled and detail-oriented FIU/AML/Sanctions Model Validator to join our Financial Intelligence Unit. This role is critical in ensuring the integrity and effectiveness of our anti-money laundering (AML) and sanctions compliance models, particularly in the context of our recent acquisition of another bank. The successful candidate will conduct a limited scope review of the acquired bank's models and determine which models should be integrated into our production environment. Key Responsibilities: * Model Validation: Conduct thorough validation of AML, sanctions, and fraud detection models from the acquired bank to ensure they meet South State Bank's standards and regulatory requirements. * Assumption Analysis: Evaluate the underlying assumptions of the models to determine their validity and relevance. Recommend changes if necessary to improve model accuracy and performance. * Documentation: Prepare comprehensive documentation of the validation process, including methodologies, findings, and recommendations. Ensure all documentation is clear, detailed, and compliant with regulatory standards. * Communication: Collaborate with various stakeholders, including model developers, compliance officers, and senior management, to communicate validation results and recommendations effectively. * Integration: Assist in the integration of selected models into South State Bank's production environment, ensuring a seamless transition and minimal disruption to operations. * Continuous Improvement: Stay updated with the latest developments in AML, sanctions, and fraud detection methodologies. Propose enhancements to existing models and validation processes. Qualifications: * Education: PhD in a relevant field such as Statistics, Mathematics, Computer Science, or a related discipline is preferred. * Experience: Minimum of 5 years of experience in fraud model validation, with a strong background in AML and sanctions compliance. * Technical Skills: Proficiency in statistical software and programming languages such as SAS, R, Python, or similar tools. Experience with machine learning and data analytics is a plus. * Analytical Skills: Strong analytical and problem-solving skills, with the ability to critically evaluate model assumptions and performance. * Communication Skills: Excellent written and verbal communication skills, with a proven ability to document complex processes and findings clearly and concisely. * Attention to Detail: High level of attention to detail and accuracy in all aspects of work. * Regulatory Knowledge: In-depth knowledge of AML, sanctions, and fraud detection regulations and best practices. Pay and Benefits The pay range for this position is $85.00 - $95.00/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a fully remote position. Application Deadline This position is anticipated to close on Feb 26, 2025. About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.