AML Model Validation Manager
The AML Model Validation Manager at Interactive Brokers (IBKR) is responsible for leading the independent validation of Anti-Money Laundering (AML) and financial crime detection models across the company's global entities. This role involves overseeing a team of model validation analysts to ensure regulatory compliance through rigorous model review, testing, and documentation. The position requires deep technical expertise in Python and SQL, combined with strong knowledge of AML and financial crime regulations.
Key responsibilities include supervising and mentoring a team of two model validation analysts, assigning validation projects based on team capabilities and priorities, and conducting performance evaluations. The manager will lead independent validation of models across multiple domains, such as Money Movement/Transaction Monitoring scenarios, Trade Surveillance models, Sanctions screening, Geographic Risk Rating (GRR) models, and Customer Risk Rating (CRR) models. This involves comprehensive validation assessments, including conceptual soundness, data integrity, model methodology, performance testing, and ongoing monitoring review. Additionally, the role entails developing and executing validation test scripts using Python and SQL to assess model accuracy, calibration, and performance.
The ideal candidate should possess a Bachelor's degree in Computer Science, Data Science, Statistics, Mathematics, Finance, or a related quantitative field. A minimum of seven years of experience in model validation, model development, or quantitative analysis is required, with at least three years specifically in AML or financial crime model validation or development. The candidate should also have at least two years of people management or team leadership experience. A deep understanding of AML/BSA regulations, OFAC sanctions, and financial crime typologies is essential, along with knowledge of model risk management frameworks and regulatory guidance such as SR 11-7 and OCC 2011-12. Advanced proficiency in Python and NoSQL for data analysis, statistical testing, and model validation is necessary, as well as expert-level SQL skills for complex data extraction, manipulation, and analysis.
Compensation includes a competitive salary package, performance-based annual bonuses in cash and stock, and a hybrid working model with four days in the office per week. Benefits also encompass group medical and life insurance, modern office amenities with fully stocked cafeterias, monthly food cards, company-paid snacks, hardship/shift allowances with company-provided transportation, attractive employee referral bonuses, and frequent company-sponsored team-building events and outings.
Interactive Brokers is a global financial services company headquartered in Greenwich, Connecticut, with offices in over 15 countries. The company has been at the forefront of financial innovation for over four decades, known for its cutting-edge technology and client commitment. IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. The company serves individual investors and institutions, including financial advisors, hedge funds, and introducing brokers. Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Joining IBKR offers the opportunity to be part of a dynamic, multi-national team that simplifies and enhances financial opportunities using state-of-the-art technology.