VP Customer Risk Rating (Model Development)

New York, NY | Direct Hire

Post Date: 09/14/2017 Job ID: 12030 Industry: AML Manager, BSA Manager, OFAC Manager, Risk Manager-Operations

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VP Customer Risk Rating (Model Development)

(located in Manhattan)

Responsible for Encompassing the whole chain of Risk-taking and monitoring; Developing and reviewing Customer Risk Rating model.

Job duties include:
CRR Model development and maintenance
- Implementation and maintenance of the context of BSA/AML
and OFAC risk model development/maintenance:
- BSA/AML and OFAC CRR model Methodology documentation
- Calibrate risk factors /parameters involved in the context of
the regulatory requirements and their consistency with the internal risk
processes and policies.
- Monitor of the internal model performance through regular testing and
Benchmarking exercises, and implementation of appropriate actions in
order to maintain the required level of model performance.
- Manage the implementation and the dissemination of the CRR model
within the internal system and process within the Bank.
- Perform annual regulatory stress test and communication to the senior
management of the results.
- Oversee and instruct the update of CRR metrics
Business Integration and model implementation
- Oversee the customer risk rating of each business department
- Instruct each business department to update customer risk rating in the system
- Roll-out validation and the following annual validation of CRR metrics
- Oversee the process of gathering customer and transactional data as well as calculation of risk assessment on a periodic basis based on the
methodology and data document of BSA/AML & OFAC risk assessment
- Collect and manage internal requests from LOB regarding CRR risk model development or improvement.
Reporting and training
- Provide and organize CRR training to Lines of Businesses
- Report to management on CRR model implementation
- Regulatory reporting and communication regarding CRR development
and implementation
5 years above experience in BSA/AML and OFAC and BSA model development/validation in banking industry; 3 years above experience in KYC/RiskAssessment/model function

General Skills:
Business acumen; communication skill, creative problem solving; leadership and management; analytical skill; writing skill; technical skill; project management; relationship management; team work; planning and organizing; coaching.
General Knowledge:
Knowledge of U.S. Banking regulations and compliance practice, compliance risk management, and Risk Governance Framework.
Specialty Knowledge
A significant experience in the area of risk modeling (BSA/AML and OFAC); Sound knowledge of regulatory requirements, especially regarding BSA/AML and OFAC

CRR; Knowledge of data management and computational software; Knowledge of U.S. Banking regulations and compliance practice with strong emphasis on all spects of BSA, AML and OFAC; Ability to implement the banks policies and procedures.


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Franca Diona

Franca Diona has over 15 years of recruitment experience. She is a graduate of Iona College with a Bachelor of Arts specializing in public relations. She started her career in the music business working for major radio stations in the tri-state area. She furthered her career promoting the world-renowned musician Debbie Gibson. She utilized her skills expanding into the financial industry as a recruiter. Being a part of Adams Consulting Group has allowed Franca to broaden her craft by setting goals and striving to achieve them. She remains energetic and enthusiastic about getting the job done at ACG.

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