Financial Crimes Compliance Quality and Model Risk Mgmt Analyst

Chubb is hiring an AVP, Financial Crimes Compliance Quality and Model Risk Mgmt Analyst!

We are seeking a highly skilled and experienced Mid-Senior Level Compliance Professional with expertise in model risk management for financial crimes software, specifically including sanctions filters.

The ideal candidate will have experience with model validations, testing & tuning, and / or DFS 504 reviews on a sanctions filter.

The successful candidate will be responsible for ensuring the efficacy and accuracy of our financial crimes compliance software, as well as other quality assurance tasks related to compliance.

This role operates on a 3+2 hybrid schedule (3 days in office, 2 days remote) in a Chubb office, though the preference is New York, NY / Jersey City, NJ / Philadelphia, PA / or Whitehouse Station, NJ.

Responsibilities :

• Develop and implement model risk management strategies and policies for financial crimes software within the compliance department.
• Conduct periodic assessments to identify any potential risks, issues, or deficiencies within the financial crimes software and its associated model.
• Collaborate with cross-functional teams, including IT, legal, risk, and compliance, to ensure compliance with relevant regulations and industry best practices.
• Design and execute testing plans to evaluate the effectiveness and accuracy of the financial crimes software, including the sanctions filters.
• Provide recommendations and solutions to enhance the performance and efficiency of the model, ensuring compliance with both internal policies and regulatory requirements.
• Develop and maintain up-to-date documentation of model risk assessments, controls, and other compliance-related activities.
• Stay informed about the latest trends, regulations, and best practices within the financial crimes compliance and model risk management fields.
• Assist in training and mentoring junior compliance professionals on model risk management practices.
• Testing and tuning filter.
• Build risk and control framework for broader testing.
• Testing controls and writing assurance reports.
• Development of automated controls.

Qualifications :

• Bachelor's degree in a relevant field such as finance, business, data science, etc.
• 3-8 years of experience in compliance, with a focus on financial crimes compliance and model risk management.
• Extensive knowledge and expertise in assessing and managing model risk within the financial crimes software, including experience with sanctions filters.
• Actimize or other financial crimes system experience is a plus
• Ability to write SQL or Python scripts and code to build automated controls
• Strong understanding of relevant regulations, such as Bank Secrecy Act (BSA), USA PATRIOT Act, OFAC regulations, and other global sanctions requirements.
• Proven experience in developing and implementing model risk management strategies and policies.
• Proficient in conducting risk assessments, audits, and quality assurance activities within a compliance function.
• Excellent analytical and problem-solving skills, with the ability to identify potential risks and develop effective solutions.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.

The pay range for the role is $102,000 to $168,000. The specific offer will depend on an applicant’s skills and other factors.

This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package, more details on which can be found

on our careers website

• The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
6 days ago