AML Data Analytics Consultant

About Virtusa

Add the Middle East to your global professional experience and have the opportunity to work on some of the leading Digital Transformation programs.

Virtusa is one of the fastest growing IT Services companies in the Middle East with a growing client base in the UAE, KSA, Qatar & Oman, working with leading Banking and Financial Services, Travel, Telecom, and Enterprises firms in the region. We have partnered with our clients to win awards from Gartner, IDC, WfMC, and other analysts for our delivered work.

Role: AML Data Analytics Consultant

Skill: AML, Data Analysis

Experience: 7+ Years

Job Description:

1. Policies, Systems, Process & Procedures: Follow all relevant departmental policies, processes, standard operating procedures, and instructions to ensure work is carried out in a controlled and consistent manner.
2. Data Analysis and Continuous Improvement: Support the Compliance Technology, Data, and Reporting Department in identifying continuous improvement and sustainability opportunities for related systems, processes, and practices.
3. Support in the implementation of the AML Group compliance systems Road map as agreed with Compliance management, ensuring comprehensive SIT/UAT is carried out, including negative testing for every project with relevant resources.
4. Coordinate all relevant AML compliance system changes required in the existing platform per business requirements as change requests with Group IT, setting timelines, creating program structures, and updating systems architecture.
5. Conduct complete data analysis on Group Customers and transactions to establish transaction behavior/patterns, generating proactive intelligence to assist in recalibrating Customer segmentation for better monitoring.
6. Establish predictive Customer behavior patterns for improved Transaction Monitoring and pave the way for thematic reviews.
7. Map identified risks to internal data and systems, assess and analyze the bank's exposure, quantify the potential impact, and escalate to the team lead where threats or control vulnerabilities are identified.
8. Provide inputs into Compliance risk models and systems.

Minimum Qualification: Bachelor's degree in computer science/technology or finance systems.

Minimum Experience: At least 4 years of experience in risk analysis, data analytics, or a relevant statistical discipline; at least 2 years of experience in an AML Financial Crime Compliance role.