Anti-Financial Crime - Group Strategic Analytics - AFC Modelling Analytics Manager, APAC

Level: Vice President

Client: European Investment Bank

Location: Hong Kong

Details of the Division and Team:

The Management Board has delegated to Anti-Financial Crime (“AFC”) as an independent control function the tasks and measures for the prevention of money laundering, the fight against terrorist financing, the monitoring of financial and commercial sanctions, and the fight against other criminal activities.

AFC's goal is to identify risks resulting from financial crimes that could jeopardise the organisations integrity and thus its success. We prevent these risks as effectively as possible, or, if they do occur, we investigate and clear them up appropriately in the interest of all parties involved. The framework of AFC is derived from legal, regulatory and internal requirements including specific country guidelines of the countries in which the organisation is active.

Within AFC's entire value chain, the AFC Modelling (AFCM) function ensures an integral part of the control environment by using a risk-based approach to manage the models that translate the above goals and expectations into concrete controls and analysis. Geographically, the function is rolled out globally and is part of Group Strategic Analytics (GSA), an end-to-end quantitative analytics and model delivery function for the organisation.

The role in scope is part of a broader team covering all APAC and EMEA countries as well as the organisation’s home base. Reporting line goes directly into the AFC Modelling regionals heads in APAC and EMEA.

What we will offer you:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• Competitive salary and non-contributory pension
• 20 days’ annual leave, plus public holidays
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives
• The opportunity to support a wide ranging CSR program plus take volunteering leave days

Your key responsibilities:

• Responsible for the entire Model Management Lifecycle regarding all Transaction Monitoring related controls. From the identification of the respective underlying AML risk on a product level and the assessment of risks via existing controls, to the definition of compensating controls to mitigating identified residual risks, to the regular assessment of controls effectiveness and efficiency to the holistic regular review of all models used.

• Ensure that models used within the APAC region meet defined standards from the AFCM Transaction Monitoring Operating Model and adequately cover the underlying risks; Pursue a scientific approach to bring together a variety of AML obligations and demands and manage them to cover AML risks. Your analysis results support the global AFCM function in their respective areas of responsibility. In addition, your results are the basis for further investigations; Lead and develop a team of analysts and ensures the regional obligations in APAC are fulfilled and expectations around model management and compliance against regulatory obligations are met.

• Immediate action is on the global standardisation of systems, processes, models and analysis: the obligation is to follow global standards and to comply with regional specifics and be the SME in technology driven AFCM projects.

• Lead and motivate team members, enable “feedback” culture; Close stakeholder alignment with senior management on regional level, other AFC representatives and internal auditors.

• Engaged to use new technologies and approaches in the area of Financial Crime Analytics; Analyse data via several tools, technics and approaches; Improve transaction monitoring models, analytical processes, and resulting documentation.

• Support different AFCM departments regarding data analysis and MI; Preparation and presentation of analysis results; Coordination of the APAC countries and their respective demands on AML Modelling topics.

Your skills and experience:

• Academic degree in mathematics, economics, computer science, data science, information management, statistics, social sciences or a comparable qualification with a quantitative background is desirable

• Performed same/similar function in a lead capacity for 5 years with a provable record of having dealt successfully with regulators, monitors, inspectors and authoritative bodies

• Good ability to quickly understand and manage complex requirements

• Experience in analytics and data mining and statistical analysis as well as experience in model validation

  process and project lifecycle is desirable

• Excellent knowledge of the current Microsoft Office programs (Excel, Word, PowerPoint), Quant

  Methodologies, coding with Python and PySpark, big data handling via Hadoop and Oracle Mantas

  
  

  How we’ll support you:

• Flexible working to assist you balance your personal priorities

• A culture of continuous learning to aid progression

• A range of flexible benefits that you can tailor to suit your needs

• Training and development to help you excel in your career