Associate Consultant/Consultant - Model Development - AML(Anti-Money Laundering)/Actimize

About Northern Trust Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service. Job Summary Associate Consultant/Consultant, a key member of the Model Development Team, plays a crucial role in the Risk Analytics and Data Service Team. The role involves contributing individually to the development and maintenance of AML (Anti-Money Laundering) models. The ideal candidate will take ownership of the AML transaction monitoring framework and leverage data-driven approaches to enhance model performance. Job title: Associate Consultant/Consultant Location: Bangalore/Pune Experience: 4-8 years of relevant experience Major Duties - Manage, monitor, and optimize Actimize SAM models, including tuning thresholds, scenarios, and segmentation logic. - Utilize quantitative analysis, statistical modeling, and machine learning techniques to detect suspicious activity and minimize false positives. - Collaborate with model validation and governance teams to ensure compliance with regulatory requirements. - Work closely with IT and data teams to maintain the integrity and availability of data pipelines supporting Actimize SAM and related AML systems. - Assist in internal and external audits, regulatory reviews, and model validation documentation. - Engage with various committees and senior management. Qualification - Master's in Statistics/Economics/Mathematics or an advanced degree in a quantitative area. - Alternatively, B.Tech/M.Tech from a tier 1 college with an MBA in a related field. Skills Required - Proficiency in Data Science and machine learning models. - 3+ years of experience in banking and AML/Financial Crime Compliance, with direct exposure to Actimize SAM. - Strong grasp of risk concepts and quantitative modeling techniques, with experience in model validation considered a plus. - Proficiency in R, Python, SAS. - Strong organizational and interpersonal skills. - Excellent verbal and written communication skills in English. - Experience working in a multicultural and global environment. Working With Us As a Northern Trust partner, you will be part of a flexible and collaborative work culture within an organization that values financial strength and stability. Opportunities for internal mobility are encouraged, senior leaders are approachable, and you can take pride in contributing to a company committed to supporting the communities it serves. Join us in a workplace with a greater purpose and apply today to explore how your interests and experience align with one of the world's most admired and sustainable companies. Reasonable Accommodation Northern Trust is dedicated to collaborating with and providing reasonable accommodations to individuals with disabilities. If you require an accommodation during any stage of the employment process, please reach out to our HR Service Center at MyHRHelp@ntrs.com. Apply today and discuss your flexible working preferences with us as we strive to achieve greater together.,