Senior Data Scientist
Jersey City, NJ, USA | Sumitomo Mitsui Financial Group
Legal / Compliance
Job Description:85 people have viewed this job
Reporting to the Director, Sr. Manager, Analytics, in the Compliance Department, Americas Division, the Senior Data Scientist performs statistical analysis and data science work in support of the Compliance Analytics group’s goals and objectives and will evaluate methodologies and analyses for statistical rigor. This person will perform and oversee testing, tuning, and optimization work associated with the BSA/AML/OFAC models in Compliance. This person will also oversee and/or perform the collection, aggregation, analysis and visualization of customer, product, and transaction data for statistical analysis. They will develop reports for use by SMBC Americas Division and Head Office stakeholders and performs analysis in support of the design, implementation, and enhancement of BSA/AML tools and systems, including AML transaction monitoring and sanctions screening systems.
Perform statistical analysis and data science work in developing, tuning, testing, and optimizing BSA/AML/OFAC compliance models and systems.
Collect, aggregate, analyze, and visualize customer, product, and transaction data to identify trends and evaluate changes of customer, product, and transactional risk exposure.
Develop statistical analysis reports for submission to senior Branch management.
Apply data from BSA/AML Compliance Department stakeholders to translate qualitative risk factors into responsive risk models that leverage new technology.
Work with Japan Research Institute-America partners to develop and test tools and systems in line with policy and regulatory expectations.
Develop knowledge of new analytical techniques and data sources that provide ongoing risk mitigation, and how emerging data and technology issues may impact the achievement of BSA/AML Compliance Department’s objectives.
Ph.D or Masters degree in Statistics, Biostatistics, Economics, Computer Science, Mathematics, or related field.
4 to 7 years of experience in statistical/mathematical analysis or data science.
Experience in statistical consulting or data science/analysis. Experience in statistical computing, programming, data management and statistical software packages, e.g. R/Python/SAS/Stata
Experience in transforming business problems and requirements into statistical/analytics work product. Ability to develop work product independently and in a fluid environment.
Experience with SharePoint and Microsoft Office suite.
Strong reasoning ability and analytical skills.
Maintains high level of confidentiality; unquestionable character, integrity and professionalism.
Knowledge of vendor BSA/AML transaction monitoring and sanctions screening systems (e.g., Actimize, Fircosoft, Fortent) is a plus.
ACAMS certified or other equivalent industry certification is a plus.
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SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
SMBC is an EO employer – M/F/Veteran/Disability
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