AML Model Validation

As a Transaction Monitoring SAS AML Model Validation Specialist, you play a crucial role in ensuring the accuracy and effectiveness of AML (Anti-Money Laundering) models utilized for transaction monitoring. Your responsibilities include: - Having a deep understanding of SAS AML solutions, statistical modeling, and regulatory requirements. - Demonstrating extensive experience in SAS AML, encompassing model development, implementation, tuning, and validation. - Conducting thorough validation of sanctions screening models, focusing on data integrity, model performance, and output accuracy. - Performing detailed data analysis to evaluate the performance and accuracy of AML models, with a keen eye on identifying potential weaknesses or areas for enhancement. - Developing and implementing validation methodologies and frameworks aligned with industry best practices and regulatory guidelines. - Conducting quantitative and qualitative analysis to evaluate model risk and performance effectively. - Collaborating with model developers, compliance teams, and other stakeholders to address validation findings and enhance model robustness. - Preparing comprehensive validation reports and documentation for internal and regulatory review. - Keeping abreast of the latest regulatory requirements, industry trends, and advancements in transaction monitoring technologies. - Providing recommendations for model improvements and enhancements based on validation results. - Working closely with the AML team, data scientists, and IT department to ensure effective implementation and validation of models. - Generating regular reports on model performance, validation outcomes, and any necessary adjustments or recalibrations.,