Summary
Position Summary
Model Risk AML (Fin Crime) Consultant
Location : Chennai
About
At Deloitte, we do not offer you just a job, but a career in the highly sought-after risk management field. We are business leaders in the risk market and work with a vision to make the world more prosperous, trustworthy, and safe. Our clients, primarily based outside of India, are large, complex organizations that constantly evolve and innovate to build better products and services. In the process, they encounter various risks and the work we do to help them address these risks is increasingly important to their success – and to the strength of the economy and public security.
By joining us, you will get to work with diverse teams of professionals who design, manage, and implement risk-centric solutions across a variety of domains. In the process, you will gain exposure to the challenges related to risk management faced in today’s world by organizations across a range of industry sectors and become subject matter experts in those areas.Our professionals help organizations effectively navigate business risks and opportunities – from strategic, reputation, and financial risks to operational, cyber, and regulatory risks – to gain competitive advantage. We apply our experience in ongoing business operations and corporate lifecycle events to help clients become stronger and more resilient. Our market-leading teams help clients embrace complexity to accelerate performance, disrupt through innovation, and lead in their industries. We use cutting-edge technologies like AI/ML techniques, analytics, and risk process automation (RPA) to solve Deloitte’s clients’ most complex issues. Working in Deloitte US-India offices has the power to redefine your ambitions
The Team
Within Deloitte, Model Risk Management (MRM) is one of the services we offer to our clients where we help them manage their risks around model usage. The team is comprised of professionals with diverse backgrounds, including Masters in Statistics, Mathematics, Physics, Finance, Financial Engineering and PhDs in various quantitative fields, etc. Our team is focused on qualitative assessment and quantitative modeling in the areas of Market Risk, Credit Risk, Operational Risk, Liquidity Risk, Fraud Risk as per regulatory guidelines like CCAR/Stress Testing, BASEL II.5 / III in US and CRD IV/CRR in EMEA regulations. The team also does valuation of complex financial products such as derivatives and structured products. Our value proposition includes industry, financial accounting and business process knowledge, proven methodologies that include risk and control concepts, deep expertise in advanced quantitative, data extraction, data mining and analytical skills.
Workyou’ll do
The key job responsibilities will be to:
- Develop and maintain Financial Crime models, including AML Feeder models, Sanction Screening models through statistical analysis, and generate the necessary documentation
- Solve data analytical problems in risk management, identify new business insights and opportunities from data, and enhance risk management tools.
- Apply conceptual and quantitative depth in modeling methodologies and concepts for risk models for banks as required by regulatory guidance.
- Apply strong analytical and computer skills including experience with statistical and quantitative analysis technical tools such as: SAS, Python, R, SQL.
- Explain difficult statistical modeling concepts to diverse, non-quantitative client contacts and to experts at various clients.
Required Skills
- Familiarity with mathematics or statistical concepts like regression, classification, time series, hypothesis testing, distribution analysis, ATL/BTL testing, performance monitoring etc.
- Familiarity with prevalent AI/ML techniques including ANNs, Decision Trees and Ensemble techniques like XGBoost
- Familiarity with vendor-based transaction monitoring and sanction screening models.
- Experience in Anti-Financial Crime use cases involving Event Processor Next Generation, Quantified and Customer Risk Assessment
- Experience in Financial Crime Case Generation Analytics
- Strong programmingskills in R,Python, SAS, SQL etc.
- Proficient in deploying datasets for production environments and data calibration Experience in executive and technical report writing
- Understanding of AML and sanction screening regulatory environment
- Strong organizational and time management skills, with the ability to manage multiple priorities
- Ability to analyze complex issues and develop effective solutions
- Flexible to work on extended shifts overlapping with US/UK counterparts.
Preferred Skills
- Strong data science foundation
- ExperienceworkingwithaBank/Consultativeenvironment
Qualification
- Bachelor’s/Master’s/PhD degree
Howyou’ll Grow
At Deloitte, we’ve invested a great deal to create a rich environment in which our professionals can grow. We want all our people to develop in their own way, playing to their own strengths as they hone their leadership skills. And, as a part of our efforts, we provide our professionals with a variety of learning and networking opportunities—includingexposuretoleaders,sponsors, coaches,andchallengingassignments— to help accelerate their careers along the way. No two people learn in the same way. So,we provide a range of resources including live classrooms, team-based learning, and eLearning. DU: The Leadership CenterinIndia, ourstate-of-the-art,world-classlearning Centerinthe Hyderabad officesis an extension of the Deloitte University (DU) in Westlake, Texas, and represents a tangible symbol of our commitment to our people’s growth and development. Explore DU: The Leadership Center in India .
Deloitte’s culture
Our positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them theflexibility to make daily choices that can help them to be healthy, centered, confident, and aware. Deloitte is committed to achieving diversity within its workforce, and encourages all qualified applicants to apply, irrespective of gender,age, sexual orientation,disability,culture,religiousandethnicbackground.
Weofferwell-beingprogramsand are continuously looking fornew ways tomaintaina culture thatis inclusive, invites authenticity, leverages ourdiversity,andwhereourpeopleexcelandleadhealthy,happylives. LearnmoreaboutLifeatDeloitte.
Corporate citizenship
Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extendsto relationships with Deloitte’s clients, ourpeople and ourcommunities.We believethat business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte’s impact on the world.
Recruiting tips
Findingtherightjobandpreparingfortherecruitmentprocesscanbetricky.Checkouttipsfromour Deloitterecruitingprofessionals tosetyourself upforsuccess. Check outrecruiting tipsfromDeloitte recruiters .
Benefits
We believe that to be an undisputed leader in professional services, we should equip you with the resourcesthatcanmakeapositiveimpact onyourwell-beingjourney. Ourvisionistocreatea leadership culture focused on the development and well-being of our people. Here are some of our benefits and programs to support you and your family’s well-being needs. Eligibility requirements may be based on role, tenure, type of employment and/ or other criteria. Learn more about what working at Deloitte can mean for you .
Ourpeopleand culture
Our people and our culture make Deloitte a place where leaders thrive. Get an inside look at the rich diversity of background, education, and experiences of our people. What impact will you make? Check out our professionals’ career journeys and be inspired by their stories.
Professional development
You want to make an impact. And we want you to make it. We can help you do that by providing you the culture, training, resources, and opportunities to help you grow and succeed as a professional. Learn more about our commitment to developing our people .
Our purpose
Deloitte’s purpose is to make an impact that matters for our people, clients, and communities. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. Our purpose comes through in our work with clients that enables impact and value in their organizations, as well as through our own investments, commitments, and actions across areas that help drive positive outcomes for our communities.
Our people and culture
Our inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our clients' most complex challenges. This makes Deloitte one of the most rewarding places to work.
Professional development
At Deloitte, professionals have the opportunity to work with some of the best and discover what works best for them. Here, we prioritize professional growth, offering diverse learning and networking opportunities to help accelerate careers and enhance leadership skills. Our state-of-the-art DU: The Leadership Center in India, located in Hyderabad, represents a tangible symbol of our commitment to the holistic growth and development of our people. Explore DU: The Leadership Center in India .
Benefits To Help You Thrive
At Deloitte, we know that great people make a great organization. Our comprehensive rewards program helps us deliver a distinctly Deloitte experience that helps that empowers our professionals to thrive mentally, physically, and financially—and live their purpose. To support our professionals and their loved ones, we offer a broad range of benefits. Eligibility requirements may be based on role, tenure, type of employment and/ or other criteria. Learn more about what working at Deloitte can mean for you.
Recruiting tips
From developing a stand out resume to putting your best foot forward in the interview, we want you to feel prepared and confident as you explore opportunities at Deloitte. Check out recruiting tips from Deloitte recruiters.
Requisition code: 303601
