Job
Description
About Northern Trust Northern Trust is a globally recognized, Fortune 500 financial institution with a rich history dating back to 1889. Committed to providing innovative financial services and guidance, Northern Trust serves successful individuals, families, and institutions worldwide by upholding core values of service, expertise, and integrity. With over 130 years of experience and a team of more than 22,000 partners, we leverage cutting-edge technology and exceptional service to cater to the needs of our sophisticated clients. Job Summary Joining the Model Development Team at Northern Trust as an Associate Consultant/Consultant, you will play a vital role in the Risk Analytics and Data Service Team. Your responsibilities will involve contributing to the development and upkeep of Anti-Money Laundering (AML) models. As the owner of the AML transaction monitoring framework, you will utilize data-driven approaches to enhance model performance effectively. Job title: Associate Consultant/Consultant Location: Bangalore/Pune Experience: 4-8 years of relevant experience Major Duties In this role, you will be responsible for: - Managing, monitoring, and optimizing Actimize SAM models, including tuning thresholds, scenarios, and segmentation logic - Utilizing quantitative analysis, statistical modeling, and machine learning techniques to detect suspicious activities and minimize false positives - Collaborating with model validation and governance teams to ensure adherence to regulatory requirements - Working closely with IT and data teams to maintain the integrity and accessibility of data pipelines supporting Actimize SAM and related AML systems - Providing support for internal and external audits, regulatory reviews, and model validation documentation - Engaging with various committees and senior management as required Qualification To be considered for this role, you should possess: - A Master's degree in Statistics, Economics, Mathematics, or a related quantitative field OR a B.Tech/M.Tech from a tier 1 college with an MBA in a relevant field Skills Required The ideal candidate will demonstrate: - Proficiency in Data Science and machine learning models - 3+ years of experience in banking and AML/Financial Crime Compliance, with specific knowledge of Actimize SAM - Strong understanding of risk concepts, quantitative modeling techniques, and experience in model validation (a plus) - Proficiency in R, Python, and 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 have the opportunity to be part of a dynamic and collaborative work environment. We encourage movement within the organization, provide accessibility to senior leaders, and take pride in our commitment to community service. Join us in a workplace that values inclusivity and offers opportunities for personal and professional growth. Apply today to explore how your skills and interests align with one of the world's most reputable and sustainable companies. Start your journey with us and discover the possibilities of a fulfilling career at Northern Trust. #MadeForGreater Reasonable Accommodation Northern Trust is dedicated to supporting individuals with disabilities and providing reasonable accommodations as needed. If you require accommodation during any stage of the employment process, please reach out to our HR Service Center at MyHRHelp@ntrs.com. We are eager to have you on board and look forward to creating a diverse and flexible work environment that suits your needs. Apply now and let's work together towards achieving greater success. About Our Bangalore Office Established in 2005, the Northern Trust Bangalore office is home to over 5,600 employees. Our office provides a vibrant and engaging workspace with amenities such as the Arrival Hub Jungle, GameZone, and the Employee Experience Zone, designed to enhance the experience for both clients and employees. Learn more about our office and join us in shaping the future of finance.,
