Model Risk Management Specialist

This is a fully remote position, open to applicants in Canada, +6 more countries.

📋 Description

• Conduct independent validation of Transaction Monitoring, Customer Risk Assessment, Screening, and AI models developed using Claude or ChatGPT.

• Examine pre- and post-development model documentation, data quality, accuracy, accessibility, and testing methodologies.

• Evaluate model performance, accuracy, and stability.

• Analyze model risk and identify any potential biases.

• Review AI models associated with the AML/CFT program.

• Ensure compliance of Transaction Monitoring and Customer Risk Assessment models with EU AML/CFT Directives, US BSA/AML regulations, and FATF recommendations.

• Perform AML/CFT risk assessments to identify higher-risk customer segments, products, and geographic areas.

• Assess the effectiveness of controls and mitigating measures.

• Develop and implement procedures for ongoing model monitoring and maintenance.

• Complete annual reporting and certification processes.

• Monitor model performance, identify any degradation, and conduct regular reviews and updates of the models.

• Collaborate with Model Engineering, model owners, AML/CFT subject matter experts, business units, and risk management teams.

• Prepare model validation reports, risk assessments, and regulatory compliance documentation.

• Develop and enhance model validation frameworks while identifying best practices and industry standards.

⛳️ Requirements

• A Bachelor's degree in a quantitative discipline such as mathematics, statistics, computer science, or engineering.

• Over 3 years of experience in model validation, risk management, or a related field, ideally within AML/CFT.

• Strong grasp of machine learning and statistical modeling techniques.

• Comprehensive understanding of fiat and cryptocurrency payment flows.

• Proficient in programming languages such as Python, R, or SQL.

• Experience using data visualization tools like Tableau or Power BI.

• Strong knowledge of financial markets, products, and services.

• Exceptional written and verbal communication skills, capable of conveying complex technical concepts to non-technical audiences.

• Professional certifications such as FRM, CDA, or CAP are advantageous.

• Familiarity with AML/CFT transaction monitoring and Customer Risk Assessment systems is a plus.

• Knowledge of cloud-based technologies is beneficial.

• Experience with agile development methodologies is a plus.

🏝️ Benefits

• Applicants have the option to redact or remove age, date of birth, or educational attendance/graduation dates from their resumes.

• Qualified candidates with criminal histories are considered in accordance with the San Francisco Fair Chance Ordinance.

• Job-related skills or work-style assessments are consistently applied and do not solely determine employment decisions.

• Commitment to equal opportunity employment.

• All employees are required to participate in Kraken product dogfooding upon joining the company.