Senior Manager, Specialty Compliance and Ethics - Model Governance Specialist (Anti-Money Laundering & Fraud Detection)

Position Summary...

As a Model Governance Specialist, you will ensure the integrity and compliance of models used in Anti-Money Laundering (AML) and Fraud Detection. You'll collaborate with cross-functional teams, lead governance committee activities, oversee model inventories, and support external validations and vendor selections. The role also involves stakeholder communication, peer reviews, and training initiatives, while staying current on industry trends and regulatory changes.

What you'll do...

As a Model Governance Specialist, you will play a key role in financial services with a focus on Anti-Money Laundering (AML) and Fraud Detection. You will be responsible for ensuring the integrity of models in Anti-Money Laundering (AML) and fraud detection, manage model risks, and adherence with internal and regulatory standards. Work closely with cross-functional teams to ensure that models are robust, compliant, and effective in identifying and mitigating financial crimes.

• Ensure all governance activities comply with internal policies and standards. Stay updated with the latest regulatory changes related to AML and Fraud Detection models.
• Define and maintain model governance and EUC standards and procedures.
• Collaborate with the Model Development team to understand the models used for AML and Fraud Detection. Ensure development and implementation of the model aligns with governance standards.
• Oversee model governance and global fraud interdiction committee activities including charter updates, voting protocols, meeting minutes and agenda management.
• Maintain model and EUC inventory refreshes and oversee annual census and certification processes. Conduct ongoing model and EUC determination and risk assessments.
• Regularly monitor the performance of AML and Fraud Detection models. Identify any performance issues and work with the Model Development team to resolve them.
• Regularly communicate with stakeholders about model performance, risks, and compliance issues.
• Perform peer review of model owner test cases to ensure robustness and adherence with procedural standards.
• Provide model and EUC training and guidance to other team members and key stakeholders.
• Participate and coordinate external model validations and 3rd party model governance reviews.
• Lead and coordinate RFP and vendor selection processes.
• Drive resolution of model governance related correction action plans.
• Stay updated on emerging trends, technologies, and regulatory changes in the field of AML and fraud detection.

• A bachelor's degree in Computer Science, Mathematics, or a related field.
• Experience with model governance, validation, and risk management.
• Knowledge of AML and Fraud Detection practices in financial services.
• A strong analytical mindset with problem-solving capabilities and attention to detail.
• Excellent communication and presentation skills.
• Keen attention to detail and a commitment to maintaining high standards of accuracy and integrity.
• Understand concepts and tools for ML/AI, Gen AI and building AI Agents.