State Street is looking to enhance detection accuracy and operational efficiency in sanctions screening through advanced AI/ML models and data-driven strategies.
Requirements
- Strong expertise in AI/ML model development, validation, and governance.
- Advanced programming skills in Python and experience with data science frameworks.
- Deep understanding of sanctions screening, watchlist management, and financial crime compliance.
- Ability to manage complex, multi-stakeholder projects in Agile environments.
- Excellent problem-solving and critical thinking skills with a focus on scalability and automation.
- Familiarity with global sanctions and financial crime compliance frameworks, including OFAC/EU/UK/UN regulations, Travel Rule, and model risk management principles preferred.
- Strong understanding of adapting sanctions models for ISO 20022 migrations, instant settlement, and digital assets/tokenization preferred.
Responsibilities
- Lead design, development, and optimization of sanctions screening models, including AI/ML and rules-based frameworks.
- Act as Subject Matter Expert (SME) for model tuning and validation as it relates to regulatory examinations.
- Partner with Product Owners and Engineering teams to translate business requirements into scalable technical solutions.
- Develop and maintain performance metrics, KRIs, and monitoring plans to ensure model stability and compliance.
- Drive innovation through NLP, predictive analytics, and continuous learning techniques to reduce false positives and improve detection accuracy.
- Collaborate with global stakeholders to align model strategy with enterprise compliance objectives and regulatory expectations.
- Support cloud migration and integration of sanctions models into AWS environments.
Other
- At least one or a combination of the following is required: Bachelor’s or Master’s degree in Data Science, Computer Science, Statistics, or related field.
- 6+ years of experience in financial crime compliance, data science, or model risk management.
- Direct experience leading, designing, or deploying AI/ML models and other workflow automation tools.
- CAMS or equivalent FinCrime certification preferred.
- Occasional travel to other local office locations will be required to foster collaboration and maintain strong partnerships across teams.
