Model Development - AML Actimize

About Northern Trust

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Job Summary

Team: Model Development

Associate Consultant/Consultant, is a key member of the Risk Analytics and Data Service Team and Responsible for acting as an individual contributor in the development and maintenance of AML (Anti-Money Laundering) models. The ideal candidate will act as an owner of the AML transaction monitoring framework and will use data-driven approaches to optimize model performance.

Job title: Associate Consultant/Consultant

Location: Bangalore/Pune

Experience: 4-8 years of relevant experience

Major Duties

• Responsible to manage, monitor, and optimize Actimize SAM models, including tuning thresholds, scenarios, and segmentation logic;
• Perform quantitative analysis, statistical modelling, and machine learning techniques to identify suspicious activity and reduce false positives.
• Collaborate with model validation and governance teams to ensure compliance with regulatory requirements
• Work with IT and data teams to ensure the integrity and availability of data pipelines supporting Actimize SAM and related AML systems.
• Support internal and external audits, regulatory reviews, and model validation documentation.
• Responsible for interaction with different committees and/or senior management.
  
  

Qualification

• Master in Statistics/ Economics/Mathematics/advanced degree in quant area
• Or B.tech / M.tech from tier 1 college with MBA in related field
  
  

Skills Required

• Strong understanding Data Science and machine learning models.
• 3+ years of experience in banking and AML/Financial Crime Compliance, with direct experience with Actimize SAM.
• Strong conceptual and technical knowledge of risk concepts and quantitative modelling techniques – experience in model validation a plus
• Experience in R, Python, SAS.
• Strong organizational and interpersonal skills
• Excellent verbal and written communication skills (English)
• Experience of working in a multi-cultural and global environment
  
  

Working With Us

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

About Our Pune Office

The Northern Trust Pune office, established in 2016, is now home to over 3,000 employees. The office handles various functions, including Operations for Asset Servicing and Wealth Management, as well as delivering critical technology solutions that support business operations across the globe.

Our Pune team takes our commitment to service to heart. In 2024, they volunteered more than 10,000+ hours into the communities where they live and work. Learn more.

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