Job purpose

To optimize, maintain, and enhance the performance of the group-wide Fircosoft sanction screening system for payment screening and customer screening. The role involves fine-tuning configurations to improve detection accuracy, ensuring compliance with regulatory standards, minimizing false positives, and maximizing operational efficiency.

Key accountabilities

Generic accountabilities:

• Conduct regular system performance evaluations to identify areas for improvement in Fircosoft's payment screening and customer screening modules.
• Implement fine-tuning and rule adjustments to enhance screening accuracy.
• Ensure the screening system adheres to international sanctions, regulatory requirements, and group-wide compliance policies.
• Collaborate with group-wide compliance teams to align system functionality with regulatory updates.
• Analyze screening results and system performance metrics to identify trends and areas for adjustment.
• Generate reports on key performance indicators (KPIs) and system tuning activities.
• Work closely with IT, compliance, and operational teams to ensure smooth system operations and integration with existing workflows.
• Provide support during audits and regulatory inspections related to the sanction screening process.
• Establish and monitor quality control mechanisms to ensure the accuracy and efficiency of sanction screening processes.
• Conduct periodic reviews of screening workflows and recommend process improvements.
• Identify and mitigate risks associated with inadequate screening or system malfunctions.
• Maintain detailed logs of system changes to ensure traceability and accountability.

Specific accountabilities:

• Develop and modify Fircosoft screening rules, watchlist configurations, and fuzzy logic parameters to balance compliance and efficiency for the group-wide.
• Validate new rules and configurations in test environments before deployment.
• Identify patterns leading to false positives and implement strategies to reduce them without compromising compliance standards.
• Regularly monitor false positive rates and adjust thresholds accordingly.
• Manage Fircosoft system updates, patches, and enhancements to maintain optimal functionality.
• Ensure seamless integration with external data sources, such as regulatory watchlists and customer data systems.
• Investigate and resolve issues related to sanction screening system performance or accuracy.
• Provide timely resolutions for system anomalies affecting screening processes.
• Create and maintain comprehensive documentation for system configurations, tuning activities, and best practices.
• Train team members and stakeholders on system functionality and enhancements.
• Identify opportunities to automate repetitive tasks within the sanction screening process to improve efficiency.
• Configure system alerts for critical thresholds, such as rule mismatches, list updates, or system downtime.
• Proactively monitor real-time screening performance to address issues before they impact business operations.
• Customize rule sets for unique business requirements while maintaining global compliance standards.

Performance monitoring:

• Prepare regular updates and reports for stakeholders.

Vendor management:

• Liaise with third-party vendors or consultants for coordination of any system enhancement or upgrades.

Job success factors

• Deep understanding of Fircosoft's payment screening and customer screening functionalities, including rule creation and fine-tuning for group-wide.
• Strong knowledge of global sanction regulations, including OFAC, UN, and EU watchlists.
• Ability to analyze screening outcomes and metrics, identify trends, and implement effective tuning strategies.
• Proven ability to diagnose and resolve system performance issues efficiently.
• Effective communication and teamwork skills to liaise with cross-functional teams and stakeholders.

Education & experience

Education

• Master's degree in computer science/technology or finance systems.
• ACAMS certification or equivalent.
• In-depth knowledge of the industry's technology standards and regulations.
• Knowledge of regulatory requirements, standards, rules, and frameworks.

Experience

• 8+ years of AML/CTF experience in managing AML/CTF technology systems at a top tier international bank, which includes 6+ years of experience managing technology teams.
• Experience in advising or working in a compliance function with a focus on delivering a robust technology program.
• Strong interpersonal skills with the ability to communicate with impact, build healthy professional connections, influence outcomes, and simplify complex topics into actionable recommendations for decision-making.
• Ability to perform innovative thinking to solve complex problems with no established precedence while balancing risk, speed, and accuracy.
• Managerial level experience in data analytics, risk analysis, or similar statistics discipline.
• Proven experience in rule configuration, system optimization, and compliance alignment for sanction screening solutions.
• Experience in data analysis, reporting, and stakeholder management in a financial or regulatory compliance context.