Financial Crime Model Risk Validation Consultant

M&G; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

An international financial services company in London seeks a Financial Crime Model Risk Validation Consultant to oversee model validation activities. The role demands expertise in financial crime models, validation methodologies, and strong analytical skills. The ideal candidate is proficient in statistical tools such as Python and R and has a solid understanding of compliance requirements in the asset management sector.

Qualifications

• Experienced within financial crime validation, demonstrating understanding of risks in asset management and insurance.
• Proficient in validating AML and fraud models along with transaction monitoring tools.
• Strong skills in statistical analysis and model performance assessment.

Responsibilities

• Define and execute model validation methods and ensure compliance with regulations.
• Provide expert analysis relating to financial crime model validation and escalate findings as needed.
• Maintain documentation and support the assurance methodologies.

Skills

Financial crime risk understanding

Model performance testing

Statistical analysis

Communication skills

Critical thinking

Problem-solving

Tools

Python

R

SQL

SAS

MATLAB

Job description

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Financial Crime Model Risk Validation Consultant is an experienced role with day-to-day responsibility for executing financial crime model validation activities.

Financial crime responsibilities:

• Define and execute financial crime model validation methodology and activities in accordance with the established validation plan and validation process • Ensure that financial crime model validation methods are compliant with regulatory requirements. • Attest that financial crime models have been properly validated and reported to relevant internal and external parties. • Ensure that financial crime model validation documentation is complete, consistent, accurate, updated and approved. • Register and follow up on financial crime model risk validation findings, identified risks and agreed actions. • Escalate financial crime model risk validation findings issues. • Provide expert analysis and advice relating to financial crime model risk validation. • Support the maintenance of methodologies for 2LoD assurance and financial crime model validation.

Additional responsibilities:

• Other tasks and activities within the scope of your role or team as required from time to time.

Skill requirements:

• Experienced within financial crime and being able to demonstrate understanding of the financial crime risks inherent in the asset management and/or insurance sectors and regulatory knowledge relevant to these sectors. • Experienced in independent validation of AML, Fraud, Risk Rating, Screening models. • Experienced in independent validation of AML, Fraud transaction monitoring tools and associated models. • Experienced in model performance testing, back-testing, sensitivity analysis and benchmarking for assessing model effectiveness and identifying any weaknesses, biases or vulnerabilities in the model. • Proficiency in statistical models for anomaly detection. • Knowledge in fuzzy matching techniques and effectiveness testing including ATL and BTL testing • Strong communications skills, with the ability to liaise and collaborate with Compliance and Business Unit 1LoD model teams and communicate to senior stakeholders. • Strong critical thinking and problem-solving skills. • [DESIRED] Programme and data analysis skills in Python, R, SQL, SAS or MATLAB for model validation and analytics • [DESIRED] Feature Engineering and algorithm optimisation including AI-driven detection techniques • [DESIRED] Cloud platforms knowledge (AWS, Azure, GCP) and big data frameworks (Hadoop, Spark) • (DESIRED) Experience of working with Bridger or similar screening tools

Experience Level: Experienced Colleague

Recruiter: Helen Simons

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader , and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. Being a Disability Confident Leader means that candidates who meet the minimum criteria of a job, will be offered an interview if they 'opt in' to the scheme when applying.

Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional need,pleaselet usknow by contacting us at: [e-mail]