Fircosoft – Tuning

Title : Fircosoft – Tuning

Location: Working Location in Chennai

Duration: Full Time

CREQ: Kindly upload other RAK Positions for now

• Minimum of 13 years of experience.
• Strong analytical skills required to organize and analyses multiple, complex data sets as well as strong interpersonal and organizational skills.
• Leadership skills to manage both on shore and offshore team of diverse staff.
• High computing skills
• Strong technical knowledge. Knowledge of sanction monitoring system.
• Strong analytical and problem-solving skills.
• Excellent communication and collaboration skills.
• Ability to work independently and as part of a team.
• Attention to detail and strong organizational skills.

Preferred Skills:

• Experience with other data visualization tools.
• Familiarity with other regulatory reporting tools and software.
• Professional certifications from Oracle university in Oracle database.

Functional Responsibilities

• Be responsible for the monitoring, implementation, and maintenance of Compliance Systems in accordance with regulatory standards.
• Ensure ongoing performance monitoring of compliance systems, with a focus on minimizing false positives to maintain operational efficiency.
• Ensure ongoing tuning of system parameters through statistical methods.
• Ensure parameters are thoroughly tested prior to deployment in production.
• Automate and improve system related processes and controls.
• Proactively identify discrepancies within compliance systems, communicate findings to Senior Management, and follow through to ensure timely and effective resolution.
• Maintain daily reporting of system performance metrics to the Head of Compliance Projects, Systems & Data, supporting informed decision-making and continuous improvement.
• Document and track all change requests received for optimizing the operational processes
• Perform tuning activities for FircoSoft’s Payment Screening and Name Screening modules.
• Conduct Algorithm Testing to validate detection logic and ensure optimal performance.
• Execute Completeness Validation Checks to ensure all relevant data is screened appropriately.
• Develop and optimize screening rules using FircoSoft modules:
• FMM (Firco Filtering Manager)
• FUM (Firco User Manager)
• FFF Classic (Firco Filtering Framework)
• Analyze and reduce False Positives while maintaining detection accuracy.
• Collaborate with Compliance and IT teams to align tuning strategies with regulatory requirements
• Maintain documentation of tuning changes, test results, and rule updates.
• Support audits and regulatory reviews by providing evidence of tuning effectiveness.
• Strong hands-on experience with FircoSoft solutions, especially FMM, FUM, and FFF Classic.
• Proficiency in rule writing, including syntax, logic structuring, and impact analysis.
• Deep understanding of Sanctions Screening, AML Compliance, and Regulatory Requirements.
• Experience in False Positive Analysis and Reduction Techniques.
• Familiarity with screening algorithms and data validation methodologies.
• Ability to interpret and apply watchlist data (OFAC, UN, EU, etc.) effectively.
• Strong analytical and problem-solving skills.
• Excellent documentation and communication abilities.