Financial Crime Analytics Expert

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24×7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.

About Businessline/Function :

CIB Client Engagement and Protection IT having focus on applications servicing Client Lifecycle management, Due Diligence /KYC , Customer Relation Management,  Service Request Management, Referential, Transaction monitoring (AML), Data & Document Platform. 

Landscape includes projects that are a mix of established and some under transition to new platforms, custom developed as well as commercial products. Teams are in EUR, NA, India working in a distributed mode following Agile practices, CI-CD DevSecOps Practices with focus on Automation Testing coverage, monitoring tools, observability.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

Job Title:

Financial Crime Analytics

Date:

20-Mar-23

Department:

CEP IT

Location:

Mumbai / Bangalore / Chennai

Business Line / Function:

Transaction Monitoring – AML

Reports to:

(Direct)

Global Head of AML IT

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

N/A

Directorship / Registration:

NA

Position Purpose

The CE&P – AML IT team is in charge of AML Monitoring tools for CIB and all regions. AML Monitoring tools are mainly used by Financial Security Compliance and CIB ITO LoD1.

The evolution of AML tools by integrating new technologies/approaches for improving detection of suspicious activities and optimizing investigations is key to effective monitoring.

In this context, we are looking for an Financial crimes Research and Development Manager (AML) for the Cash Management/Global Market/Correspondent Banking business lines whose role will be to oversee and develop strategies, tools and technologies aimed at:

·       detecting, preventing and combating money laundering.

·       Industrialise the Fine Tuning process

The professional must have AI/ Model skills with background in financial industry, preferably in Transaction monitoring and AML. Individual contributor who is hands-on and also can manage the project.

Responsibilities

Direct Responsibilities

• Supervise the research and development team in the design and continuous improvement of AML tools in Financial crimes.
• Participate in the development of strategies and models for proactive identification of money laundering risks.
• Analyze trends and data to develop more effective detection methods (reduction of false positives).
• Design, develop and test algorithms and predictive analysis models for proactive detection of suspicious activities, primarily for Global Markets.
• Design and develop a framework for ‘continuous tuning’ of models based on Machine Learning/Artificial Intelligence technology to detect ‘edits’ of detection tools and improve the effectiveness of the tuning process
• Lead the evaluation and implementation of new technologies to automate AML alert investigation processes.
• Evaluate and propose the integration of new technologies and innovative solutions to improve existing processes.
• Be a driving force for changing the skills of the entire AML IT team on AI topics
• Document development stages, test results and ensure clear communication with stakeholders.
• Work with compliance teams to ensure compliance with anti-money laundering regulations and standards.

Contributing Responsibilities

Technical & Behavioral Competencies

• Extensive experience in financial crimes and combating money laundering.
• Thorough knowledge of anti-money laundering methods and regulations (e.g. : FATF, EU Directives).
• Strong team management skills and ability to lead research and development projects.
• Excellent communication and collaborative skills.
• Expertise in data analysis and use of technological tools for AML detection.
• Practical experience in software development, data analysis and statistical modelling.

·       Business Skills

o   Cash management payments: Swift, SEPA, local payments. (Proficient)

o   Global Market (Proficient)

o   IT / Business relation (Expert)

o   Compliance Financial Security (Proficient)

o   IT Skills : database  

·       Transversal Skills

o   Ability to manage a project (Expert)

o   Analytical ability (expert)

o   Ability to understand, explain and support change (Expert)

·       Behaviors Skills

o   Ability to Deliver/Results driven(Expert)

o   Ability to collaborate (Expert)

o   Adaptability (Expert)

o   Personal Impact/Ability to influence (Proficient)

o   Resilience (Proficient)

Specific Qualifications (if required)

                                                     

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to deliver / Results driven

Adaptability

Personal Impact / Ability to influence

Resilience

Transversal Skills: (Please select up to 5 skills)

Ability to manage a project

Analytical Ability

Ability to understand, explain and support change

Ability to set up relevant performance indicators

Choose an item.

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 7 years

Other/Specific Qualifications (if required)

·       Good knowledge of CIB

·       Strong knowledge on AI preferably in context of AML Model Development / Optimization / Tuning / Investigation