The purpose of this role is to deliver analysis inline with client business objectives, goals, and to maintain, develop and exceed client performance targets.
Job Description:
Primary Responsibilities for a Risk Data Scientist on the BSA/AML/OFAC Model Development and Monitoring Team:
- Design and develop transaction monitoring scenarios.
- Improves segmentation for the scenarios/models using techniques such as clustering.
- Executes periodic tuning for the threshold parameters of the scenarios through sample collection.
- Develops post processing models to reduce the number of false positives generated by the scenarios using techniques such as rare event logistic regression and machine learning algorithms.
- Researches and develops algorithms that incorporates fuzzy logic for OFAC sanction screening and other types of screening processes.
- Develops post processing models that incorporate Natural Language Processing techniques to reduce the number of false positives.
- Implementation of models.
- Develops and executes ongoing monitoring plan to monitor the performance of the models.
- Documentation of the model development, especially the implementation process.
- Supports model validation activities.
- Ad hoc analysis to address requests from business partners.
*This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.
Requirements
- Bachelor’s degree in Statistics, Data Science, Operations Research, Industrial Engineering, Mathematics, or Physics, AND six (6) years related experience.
- Master’s degree in Statistics, Data Science, Operations Research, Industrial Engineering, Mathematics, or Physics, AND four (4) years related experience.
- OR PhD degree in Statistics, Operations Research, Industrial Engineering, Mathematics, or Physics, AND two (2) years related experience.
Skills and Competencies
- High proficiency with Python, R, SAS, and SQL.
- Advanced data sourcing and management skills.
- Enhanced experience with web scraping.
- Knowledge and experience with CDSW platform.
- Experience with software development, especially deployment.
- Experience with classification models.
Location:
DGS India - Bengaluru - Manyata N1 Block
Brand:
Merkle
Time Type:
Full time
Contract Type:
Permanent
Top Skills
What We Do
We are dentsu. We team together to help brands predict and plan for disruptive future opportunities and create new paths to growth in the sustainable economy. We know people better than anyone else and we use those insights to connect brand, content, commerce and experience, underpinned by modern creativity. We are the network designed for what’s next
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