Fircosoft Watchlist Manager (WLM) – Functional Consultant

Job description:

1. Role Purpose

The Fircosoft WLM Functional Consultant will be a Financial Crime & Compliance (FCC) Practice, supporting large Banking and Financial Services clients across APAC, Japan and EMEA. The role is responsible for functional ownership, configuration, governance, and operational support of the Fircosoft suite—Watchlist Manager (WLM), Continuity, Trust, Filtering Engine v6.0, MultiLaw Manager, Simulation Manager, Stripping Detector, and Case Manager.

This includes enabling compliant sanctions/PEP screening, implementing regulatory changes, supporting UAT/production rollouts, and working directly with Compliance, AML Sanctions, Risk, Technology and Operations teams.

2. Key Responsibilities

A. Watchlist Governance & Administration

• Manage end-to-end watchlist lifecycle using Firco WLM (WLM-API, WLM-Web, Resource File Manager).
• Perform ingestion, normalization, validation and publishing of:
• OFAC, UN, EU, UK HMT, MAS, DFAT, Japan FSA lists
• Commercial PEP/Adverse Media datasets (WorldCheck, Acuris, Dow Jones)
• Internal sanction/blacklist/negative lists
• Maintain version control, maker–checker workflow and audit-compliant change logs.
• Define list segmentation & law profiles using MultiLaw Manager.

B. Screening Configuration – Firco Filtering Engine v6.0

• Configure fuzzy matching, phonetic rules, alias expansion and attribute scoring.
• Set and fine-tune High/Medium/Low threshold values for customer & payment flows.
• Apply risk-based tuning strategies to reduce false positives.
• Configure phrase filters, suppression rules and exception logic.

C. Simulation, Impact Analysis & Tuning

• Use Firco Simulation Manager for backtesting against historical data.
• Perform impact assessment for new lists, regulatory changes or threshold updates.
• Predict change in FP levels, alert volumes and operational workload.
• Prepare simulation assessment reports for Compliance acceptance.

D. Transaction & Customer Screening

• Work with Firco Continuity (real-time payments screening).
• Support Firco Trust (customer/KYC onboarding, periodic review).
• Validate SWIFT MT/ISO 20022 message mappings for sanctions-sensitive fields.
• Ensure correct routing based on corridors, currency, entity type and jurisdiction.

E. Case Management & Investigations Workflow

• Configure Firco Case Manager workflow, queues and escalation paths (L1 → L2 → L3).
• Define disposition codes, justification reasons and evidence checklist.
• Support integration with Actimize, Pega or internal case management tools.
• Validate hit qualification rules and functional classification accuracy.

F. Testing, Quality & Release Management

• Drive UAT test planning, scenario creation and execution support.
• Validate release packages, threshold updates, rule changes and list refresh cycles.
• Work with engineering teams on defect triage, business impact, and root cause analysis.
• Support production rollout, change request management and post-release monitoring.

G. Audit Support, Reporting & Regulatory Alignment

• Provide documentation & evidence for audits (internal, external, regulator).
• Support MAS 626, HKMA, Japan FSA, OFAC, FCA & EU compliance requirements.
• Produce MI dashboards: hit distribution, FP ratio, SLA performance, list update timelines.
• Contribute to periodic AML system governance forums and regulatory workshops.

3. Required Experience & Skills

Functional Skills

• 4–10 years of AML, sanctions screening or FCC domain experience.
• Strong hands-on experience in the Firco product ecosystem:
• WLM
• Continuity
• Trust
• Filtering Engine v6.0
• MultiLaw Manager
• Simulation Manager
• Stripping Detector
• Case Manager
• Deep understanding of sanctions controls & AML regulations across jurisdictions (OFAC, UN, EU, HMT, MAS, Japan FSA, HKMA).
• Strong functional understanding of payments (SWIFT MT, ISO20022), KYC, Trade Finance.

Technical Skills

• Ability to configure match-rules, rule-sets, thresholds and scoring logic.
• Experience with API-based integration, XML/CSV dataset handling, SQL for investigation queries.
• Experience supporting production incidents & troubleshooting functional issues.

4. Desired Qualifications

• ACAMS / ICA certifications preferred.
• Fircosoft Functional Certification highly advantageous.
• AML/Sanctions policy knowledge and practical regulatory experience.
• Experience working with Japanese, Singaporean or regional BFSI clients preferred.

Job Type: Full-time

Experience:

• Fircosoft: 1 year (Preferred)
• AML: 1 year (Preferred)
• Watchlist Manager: 1 year (Preferred)

Work Location: In person