Compliance Rules Analyst

Company: MoneyGram
Location: Garland
Posted on: September 10, 2020

Job Description:

Job Summary The Compliance Rules Analyst/Manager is responsible for analyzing and mining data in various AML and Fraud data sources to interpret and recommend rules and internal controls for anti-money laundering and anti-fraud. The Compliance Rules Analyst/Manager will be responsible for working within the business rules management environment to support creation, testing, optimization, and maintenance of business rules that monitor money laundering and fraud risks. The incumbent will be responsible for proactively developing, maintaining, and accessing the effectiveness and sufficiency of current rules. The incumbent will also be responsible for serving as the lead subject matter expert on all key rule and control developments, trend modeling, and monitoring. Primary Responsibilities Works within a Business Rule Management environment to support creation, testing, optimization, and maintenance of business rules that monitor and control money laundering and fraud risks. Focus on critical analytics and data mining skills to help drive efficiencies and transparency of the rules platform. Identifies key risks and mitigating factors of AML/CTF, fraud and other risks factors such as: product/services, geographic, customer or operational. Conducts statistical analyses to quantify risk, business impacts, and develop parameters. Performs a method for ongoing assessment of the effectiveness and sufficiency of current rules and develops associated reporting and reporting of money laundering and fraud rules. Conducts research and analysis of source data in connection with creating and maintaining all compliance rules. Improves decision making and analytics needed to set parameters and thresholds for business rules. Continually evaluates new variables to consider when writing new rules to respond to business needs, translating those needs into sets of configurable rules and considering potential impacts to the system. Assists with maintaining rules platform, deploying rule sets, and triaging and tracking quality assurance and system issues. Performs other duties as assigned. Education BA /BS degree in a quantitative field such as mathematics, statistics, quantitative finance, econometrics, engineering, computer science, or actuarial sciences. CAMS of CFE certification within 12 months of hire. Masters or PhD, preferred. Experience 7 years of experience in the analytics or quantitative research team at a leading financial services organization, consulting firm, or a leading analytic solutions provider. Thorough understanding and experience working with mass analytic/big data technologies. Money laundering/anti-fraud compliance or risk management experience. Experience in any of the following areas: AML Compliance Technology, fraud detection/prevention technology, Bank Secrecy Act or anti-money laundering compliance, FATF guidance, preferred. Essential Skills Experience working with -- ----------Business Rules Engines-- -------- - tools and methodology. Demonstrated analytical skills -- --------" ability to find and evaluate information from internal and external sources and make sound decisions about compliance. Experience harvesting rules from functional and technical business requirements, documenting business rules vs writing a use case. Strong technical skills to include SQL Server, Advanced SQL, Transact SQL or PL/SQL skills used in a data analytics capacity. Strong PC skills to include MS Excel pivot tables & V-Lookups, Word, report writers and database applications. Interest and ability in working both independently and highly collaboratively. Demonstrated professional oral and written communication skills. Excellent demonstrated organizational skills, including time management, record keeping, self-scheduling, and follow-up. Quantitative risk modeling experience, strongly preferred.

Keywords: MoneyGram, Garland , Compliance Rules Analyst, Professions , Garland, Texas