Sanctions Compliance

1 month ago

mumbai, India TIAA Full time
Compliance Associate
The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general supervision, this job assists team members with identifying, investigating, and reporting compliance risks.
Key Responsibilities and Duties Supports compliance risk assessments to identify compliance issues, concerns, and deficiencies. Assists with investigations in response to complaints and/or potential violations of rules, regulations, policies, and procedures. Supports organization and implementation of compliance audits. Assists with the design and implementation of corrective action plans to resolve problematic compliance issues and to ensure that compliance deficiencies are corrected. Drafts reports on the results of compliance and ethics initiatives of the business unit. Maintains documentation of compliance activities to provide a record of issues, and to ensure easy accessibility and retrieval of documents. Assists with the implementation of preventative measures and compliance processes, while contributing to the revision of policies and procedures to improve the general operation of business unit compliance programs as needed. Educational Requirements University (Degree) Preferred Work Experience 2+ Years Required; 3+ Years Preferred Physical Requirements Physical Requirements: Sedentary Work
Career Level
6IC

Job Title: Enterprise Compliance Senior Data Analyst (Sanctions)

Business Area: Legal, Risk & Compliance

Job Code:

Job Tier:

Associate

Job Family: AML and Sanctions Compliance

FLSA:

No

Position Summary: Describe below the primary purpose and function of this job

The BSA Technology Senior Data Operations Analyst will assist in the tuning and optimization of AML monitoring systems. This individual will assist in conducting tuning on a periodic basis to ensure that the parameters utilized are set at the most optimal level for the settings to produce statistically relevant alerts. The BSA Technology Senior Data Operations Analyst will work with the BSA AML Tuning and Analytics Director to implement the optimization and tuning process that will design and develop the statistical methodologies for customer segmentation and statistical threshold analysis that will be deployed within TIAA’s Enterprise AML and sanctions programs. Further, this role requires the individual to work with the appropriate business unit/ AML partners to assist in performing all necessary tasks required to conduct the periodic tuning and optimization of the AML monitoring systems.
 

Key Duties & Responsibilities : 

The following duties are generally representative of the nature and level of work assigned and are not necessarily all-inclusive:

Responsible for developing an understanding of various Bank Secrecy Act (BSA)/ Anti-Money Laundering (AML) monitoring and Sanctions screening models, underlying data, business and functional requirements and assist in documenting reports Research and understand data from various systems to support AML model tuning and optimization team Collaborate with other operations analysts to contribute to the development of AML detection models Identify relationships and trends in data, as well as any factors that could affect the model results Conduct through testing and validation of AML models, documenting results and recommending improvements Assist in tuning and optimization of existing models for enhanced accuracy and efficiency Work closely with compliance, governance, and IT teams to ensure alignment with regulatory standards Communicates results to onshore/offshore team including key findings, issues, resolution, and takeaways Collaborate with IT teams to troubleshoot and resolve AML platform related issues Support satisfactory end user experience by testing system upgrades, patches, and other changes Provide day-to-day assistance with onshore/offshore analytics team Provide subject matter expertise to support data analytics related initiatives across the organization Assist management in special projects, reports, training, and/ or presentations to communicate program updates

Management/Leadership Responsibility:

No Management responsibilities

Budget Responsibility:

No Budget Responsibilities

Impact of Role

Area of Impact – Financial Crime Compliance team

Skills Required

3+ years of experience accessing and analyzing large volumes of data using data analysis tools (e.g., SQL, Python, Tableau, SAS) and programming languages (e.g., Python, R) 2+ years of experience with statistical modeling/data mining (decision tree, logistic regression, cluster analysis, etc.) Excellent verbal and written communication skills. Excels in a fast pace, agile project life cycle Experience with data validation, data linage, and model risk validation Knowledge of BSA requirements, including transaction monitoring, sanctions screening, and customer risk scoring. Analytical background with statistical knowledge for customer segmentation and threshold calibration. Works well independently. Ability to collaborate with individuals across business and/or functional lines. Proficiency in learning new software systems as technology evolves. Flexibility to adapt to changing priorities to meet business needs. Proven research, analysis, problem-solving and decision-making skills

Functional Knowledge Required

Good understanding of BSA/AML products such as Nice Actimize, Moody’s, Lexis Nexis Bridger or Fircosoft, Refinitiv, etc. Knowledge of regulations as applied to BSA/AML, OFAC, and FinCEN. Demonstrated success with working in collaborative and contributing to a strong analytically focused team eventually gathering AML/BSA or Economic Sanctions experience Knowledge of financial services (brokerage, insurance, retirement, trust, and investment operations). Proficient in the Microsoft Office suite (Word, Excel, PowerPoint) and Teams. ACAMS certification or willingness to purse certification

Job Requirements And Qualifications : 

Required Education:

BA/BS

Graduate ( Mandatory )

Preferred Education:

BA/BS

University degree in Intelligence Analysis, Mathematics, Economics, Computer Science, Data Science, Engineering, MIS, Information Management, or Statistics

Required Experience:

3-5 years

Preferred Experience:

5-10 years

Overall

Hiring Preference

Shall be supporting US, typically working hours:

(3:00 PM PM IST to 12:00 PM IST)

Required Licenses/Certifications:

Other

Related SkillsAdaptability, Business Process Understanding, Compliance, Compliance Trends, Critical Thinking, Detail-Oriented, Influence, Relationship Management, Risk Monitoring, Strategic Thinking

_____________________________________________________________________________________________________

Company Overview

TIAA Global Capabilities was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA Global Capabilities is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.

 
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

  • Sanctions Compliance

    1 week ago

    Mumbai, Maharashtra, India TIAA Full time

    Compliance Associate The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general...

  • Sanctions Compliance

    1 month ago

    Mumbai, Maharashtra, India Nuveen Full time

    Compliance AssociateThe Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general supervision,...

  • Sanctions Compliance

    1 week ago

    Mumbai, Maharashtra, India Nuveen Full time

    Compliance AssociateThe Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general supervision,...

  • Sanctions Compliance

    4 weeks ago

    Mumbai, Maharashtra, India Nuveen Full time

    Compliance AssociateThe Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general supervision,...

  • Avp - Compliance Sanctions Advisory

    2 weeks ago

    Mumbai, India MUFG Bank, Ltd., Mumbai Branch Full time

    **Do you want your voice heard and your actions to count?** Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term...

  • Sanctions Compliance

    3 weeks ago

    Mumbai, Maharashtra, India TIAA Full time

    Compliance Associate The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general...

  • Sanctions Compliance

    1 month ago

    Mumbai, India TIAA Full time

    Compliance Associate The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general...

  • Sanctions Compliance

    3 weeks ago

    Mumbai, India TIAA Full time

    Compliance Associate The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general...

  • Group Assistant Manager, Sanctions and Trade Compliance

    1 week ago

    Navi Mumbai, Maharashtra, India DP World Australia Full time

    Working under the direction of DP World's Group Compliance organization, conduct compliance assessments for international cross-border transactions and third party relationships, with a specific focus on ensuring compliance with applicable laws and regulations related to economic sanctions and trade compliance (., export controls) across DP World Freight...

  • Nuveen Aml

    2 weeks ago

    Mumbai, India TIAA Full time

    Compliance Associate The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general...

  • Officer - Compl Sanctions Intmd Analyst- Hybrid

    1 month ago

    Mumbai, India Citi Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Officer - Compl Sanctions Intmd Analyst- Hybrid

    1 month ago

    mumbai, India Citi Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Officer - Compl Sanctions Intmd Analyst- Hybrid

    1 month ago

    Mumbai, India 23443 Citibank N.A. India - INR CCY Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Officer - Compl Sanctions Intmd Analyst- Hybrid

    3 weeks ago

    Mumbai, India 23443 Citibank N.A. India - INR CCY Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Officer - Compl Sanctions Intmd Analyst- Hybrid

    4 weeks ago

    mumbai, India 23443 Citibank N.A. India - INR CCY Full time

    Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training...

  • Officer - Compl Sanctions Intmd Analyst- Hybrid

    1 week ago

    Mumbai, Maharashtra, India 23443 Citibank N.A. India - INR CCY Full time

    Whether you're at the start of your career or looking to discover your next adventure, your story begins here. At Citi , you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks. We're fully committed to supporting your growth and development from the start with extensive on-the-job training and...

  • C12 - Payments and Receivables Global Sanctions

    3 weeks ago

    Mumbai, India Citi Full time

    **Description**: **Key Responsibilities**: - Develop and maintain effective project management controls to ensure that agreed delivery times and functionality met for Operations and Business teams. - Ensure that, in co-operation with the regional ICRM hubs, a good oversight of major global initiatives is maintained, whilst onboarding CS solutions globally -...

  • Specialist, Compliance

    1 week ago

    Mumbai, Maharashtra, India DBS Bank Full time

    About the Company:Join our team at a leading financial institution offering a range of services including relationship management and credit assessment. Be a part of a dynamic environment where you can enhance your skills and contribute to the success of our clients.Key Responsibilities:- Provide support to Relationship Managers and Credit Officers for new...

  • Associate - Sanctions Compliance (Legal)

    4 weeks ago

    Mumbai, Maharashtra, India TIAA Full time

    Compliance Associate The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general...

  • Associate - Sanctions Compliance (Legal)

    3 days ago

    Mumbai, Maharashtra, India TIAA Full time

    Compliance Associate The Compliance Advisor assists with broader planning of business unit compliance programs in order to ensure organization functions are in compliance with all relevant laws, regulations, and policies and to prevent illegal, unethical, or improper business practices within the organization. Working independently under general...