Company: Coast Capital Savings Federal Credit Union
Location: British Columbia (CA-BC), Help Headquarters
Job Type: Full-Time
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What’s the job?
The Senior Financial Crime Risk Analyst is a subject matter expert in the creation, design, and management of financial crime risk analytics, which includes rules, data profiles, and use of data science tools including modeling and machine-learning to detect financial crime risks. The incumbent develops and executes fraud rules and implements and administers anti-money laundering and anti-terrorist financing (AMLATF) transaction monitoring scenarios in alignment with the CCS financial crime risk mitigation strategies. The candidate will lead the development of CCS financial crime risk analytics.
What you’ll get to do:
• Collaborate with internal stakeholders to assess financial crime risks and identify controls, rules, and strategies, balancing the projected impact on member experience and internal resources against the expected returns of improved financial crime risk mitigation strategies.
• Responsible to improve the member experience around financial crime risks by improving fraud risk maturity of rules, profiles, and models throughout the member journey.
• Identify, assess, categorize and evaluate current fraud and AMLATF rules and controls through data mining, management, and analysis to address current and emerging fraud risks
• Responsible to implement and analyze anti-money laundering and anti-terrorist financing transaction monitoring scenarios.
• Analyze and report financial crime risks that are not mitigated by existing controls including risk events, control deficiencies, human resources, processes, and system inadequacies.
• Work with new data sources and apply appropriate approach (rules, profiling, and/or data science solutions).
• Extract and interpret data from a variety of sources in order to support data and/or information requirements and reporting which may extend to supporting other risk functions.
• Act as a subject matter expert for enterprise level projects in relation to financial crime risk controls, rules, profiling and model design.
• Responsible for technology financial crime risk assessments in this space for CCS directly related to analytics and data science.
• Maintain the integrity of financial crime risk-related data through proper data governance.
• Develop and deploy training tools in financial crime risk analytics to support accountabilities.
• Lead the development of CCS financial crime risk analytics and data science capabilities.
• Develop and maintain partnerships across the organization and, through collaboration, ensure financial crime risk mitigation strategies are in alignment with the risk appetite and business objectives of CCS.
• Maintain close relationships and communicate regularly with internal stakeholders across the organization, being an advocate for financial crime risk management.
• Build relationships and communicate with industry groups and associations (e.g. Interac, Visa, MasterCard, and FCAC).
• Provide day-to-day workloads to the Fraud Risk Analysts and other business lines through alert generation in fraud systems.
• Responsible for the performance of enterprise financial crime risk detection systems.
• Provide guidance to the business lines through the presentation of analysis of rules, profiles, and data science models.
• Responsible to write and deploy rules across all CCS financial crime risk management systems.
• Responsible to test and evaluate the fraud rules, profiles and data science tools (Models, ML, etc.)
• Proactive analysis of frauds in real-time to mitigate fraud risk to CCS through the use of real-time rules and technology.
• Create and deploy operational and management reporting in relation to financial crime risk management rules, profiles, and models.
• Perform research in financial crime risk analytics and data science innovations to identify and assess possible solutions at CCS.
• Complete ad-hoc analysis and research to find new approaches to solving financial crime risk and share results through visual stories to non-technical audiences.
• Risk Management Provide a 1st Line Of Defence in managing and mitigating all financial crime risks for CCS.
• Use a risk-based approach to identify and control potential financial crime risks to the organization.
• Work closely with Group Risk Management personnel to holistically manage and mitigate risk and provide the appropriate line of defense.
• Build and work collaboratively with the 2nd Line of Defence in a “support and challenge” relationship to ensure that the proper oversight is in place for financial crime risks related to fraud analytics and fraud data sciences.
Who are we looking for?
• Bachelor’s Degree or a diploma requiring 3 – 4 years of full-time study.
• Bachelor’s degree (M.A. or M.Sc. preferred) in any of the following disciplines: data sciences, analytics, computer science, mathematics/statistics and/or some relevant disciplines including risk management or criminology.
• Significant experience in programming, such as fraud software systems in scripting languages (SQL, SAS, Python, etc.).
• Deep understanding of financial crime risks and prevention strategies applicable to financial services.
• Knowledge of modeling and statistics tools such as R, SAS, etc.
• Extensive knowledge in using technology-based financial crime risk monitoring/detection prevention tools and reports.
• Knowledge of banking programs and systems.
• Ability to learn, adapt to and effectively use new software programs.
• Skills in data mining and analysis.
• Strong ability to create reports for a variety of audiences to provide details of the analytical work and support the implementation of new fraud strategies.
• Strong analytical and problem solving skills.
• Ability to perform detailed work under time constraints and/or pressure while maintaining a high degree of accuracy.
• Organizational and time management skills.
• Strong team player who can work well independently and with minimal supervision.
• Strong research skills.
• Effective verbal and written communication skills, including the ability to create presentations and reports for a variety of audiences.
At Coast Capital, we value diversity, equity and inclusion. We’re not all the same and we like it that way. We don’t just accept differences – we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. We believe, the more inclusive we are, the better our work will be.
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