Principal Data Scientist (BSA/AML & OFAC Compliance)

About the position

The role involves providing independent data science, machine learning, and analytical insights using member, financial, and operational data to support critical decision making within the BSA/AML and OFAC Compliance department. The position requires expertise in financial crime compliance and regulatory requirements, which is essential for effective performance. The candidate will need to understand business needs and identify opportunities for new models and optimization of existing models to enhance risk detection, regulatory reporting, and operational efficiency. The role also involves leveraging cutting-edge data science techniques to design and develop descriptive, predictive, and prescriptive models that drive meaningful insights and impact across the organization. The individual is regarded as an advanced professional in the data science field and is expected to conduct complex work under minimal supervision, exercising wide latitude for independent judgment. Additionally, the candidate will mentor lower-level staff.

Responsibilities

• Provide independent data science and analytical insights using member, financial, and operational data.
• Support critical decision making within the BSA/AML and OFAC Compliance department.
• Understand business needs and identify opportunities for new models and optimization of existing models.
• Enhance risk detection, regulatory reporting, and operational efficiency.
• Leverage data science techniques to design and develop descriptive, predictive, and prescriptive models.
• Conduct complex work under minimal supervision and with wide latitude for independent judgment.
• Mentor lower-level staff.

Requirements

• Expertise in financial crime compliance and regulatory requirements.
• Strong understanding of data science and machine learning techniques.
• Ability to design and develop analytical models.
• Experience in risk detection and regulatory reporting.

Nice-to-haves

• Experience in mentoring or training lower-level staff.
• Familiarity with BSA/AML and OFAC regulations.