BSA/AML & Sanctions Systems Analyst Sr

Flagstar; Hicksville (NY); On-site; USD 110,000 - 160,000; Full time

Job summary

Flagstar Bank is seeking a Sr. BSA/AML & Sanctions Systems Analyst to lead tuning and administration of AML systems, including transaction monitoring, customer risk rating, CTR reporting, and OFAC screening.

The role involves implementing AML enhancements and supporting regulatory reporting. You will collaborate with BSA business groups, IT, and external vendors to define testing strategies, maintain documentation, and produce routine AML risk reports.

Qualifications

• Undergraduate degree in business, information systems, or data analytics.
• 4+ years of experience in data analytics, compliance technology, and risk management.
• Experience with AML transaction monitoring apps or major compliance products such as FCRM, Mantas, or Actimize.

Responsibilities

• Analyze data and interpret results to drive compliance and mitigate risk.
• Maintain AML models, rules, and interface tables; support testing and upgrades.
• Collaborate with vendors and internal IT to implement AML enhancements and regulatory reporting.

Skills

Analytical skills

Model risk management

Data analytics

Regulatory compliance

Vendor collaboration

Education

Undergraduate Degree in Business Administration, Information Systems, or Data Analytics

Tools

MS SQL Server

Microsoft BI

Cognos

Fiserv FCRM

Mantas

Actimize

Job description

Position Title

BSA/AML & Sanctions Systems Analyst Sr

Location

Hicksville, NY 11801

Job Summary

The BSA/AML & Sanctions Systems Analyst Sr is a seasoned financial technology professional with vast experience in AML systems rules engine tuning, AML systems administration, support, and implementation of small / medium scale AML enhancement and compliance projects. Manages various AML systems including but are not limited to; Transaction monitoring model, Customer risk rating model, CTR reporting, OFAC screening and regulatory reporting systems.

Job Responsibilities:

JOB RESPONSIBILITIES

• Responsible for performing analysis, interpreting results and developing actionable insights to accelerate operational excellence, demonstrate compliance and mitigate risk.
• Presents data and analysis in a clear and concise manner allowing the audience to quickly understand the results and recommendations so they can make informed data driven decision.
• Supports and maintains vendor models used by the AML group for transaction monitoring, customer risk rating and sanctions screening.
• Applies appropriate quantitative techniques such as exploratory data analysis, regression analysis, supervised and unsupervised learning, feature engineering, statistical sampling, and data visualization.
• Maintains and creates AML rules, control system parameters, and interface tables.
• Develops scenarios involving tuning, calibration, segmentation and optimization.
• Develops, coordinates, and executes AML system testing activities involving multiple departments for system upgrades, conversions and migration.
• Ensures issues are identified, tracked, reported on and resolved in a timely manner.
• Maintains AML system support logs, issue logs, and user access lists.
• Develops and maintains all AML system related procedures, statistics, and special reports using host system report writers and other tools.
• Creates, maintains and updates documentation for AML systems including parameter changes and administrative procedures.
• Provides routine and ad hoc reporting tied to AML/BSA compliance and risk.
• Works directly with and serves as the liaison between BSA business groups, bank IT teams and external vendors.
• Collaborates with multiple vendors and provide subject matter expertise and critically analyze the recommendations provided for AML systems enhancement.
• Coordinates with vendor teams for application support and periodic upgrades.
• Participates in vendor user groups.
• Uses independent judgement and discretion to make decisions.
• Analyzes and reovles problems.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required Undergraduate Degree (4 years or equivalent) in Business Administration, Information systems, or Data Analytics.
• Minimum experience required: 4+ Years of relevant experience in data analytics, compliance technology and risk management.
• Experience with AML transaction monitoring applications or other major compliance products, preferably Fiserv FCRM not excluding Mantas and Actimize.
• Experience with database technology platforms preferably MS SQL Server or similar database technologies.
• Experience with reporting tools, preferably Microsoft BI or Cognos business intelligence desired.
• Proven experience working with model risk management in the model validation process.

Preferred Qualifications:

• ACAMS certification is a plus.

Job Competencies:

• Excellent knowledge of AML transaction monitoring applications and compliance products, preferably Fiserv FCRM not excluding Mantas and Actimize.
• Strong analytic skills and problem solving with the ability to extract, collect, organize, analyze and interpret trends or patterns in complex data sets.
• Advanced analytics and statistics skills.
• Advanced knowledge of business intelligence/data exploration and visualization tools.
• Good knowledge of database technology platforms preferably MS SQL Server or similar database technologies.
• Strong knowledge of model risk management in the model validation process.
• Highly developed analytical skills.
• Ability to effectively collaborate with multiple vendors and provide subject matter expertise and critically analyze the recommendations provided for AML systems enhancement.
• Ability to define detailed testing strategy and identify risks for AML enhancement, migration and integration projects.
• Ability to effectively work with internal business groups and external vendors.
• Ability to manage multiple projects.
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relation