Who We Are:
Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.
Job Description
Oppenheimer & Co. Inc. is seeking an Anti-Money Laundering (“AML”) Testing and Model Validation Analyst to join its AML Compliance Department. The role requires the individual to be three days in office, which is located in downtown Manhattan.
Responsibilities:
- Perform analysis of various AML models and filtering programs through extensive reviews targeting model development, functionality and change management.
- Assess model conceptual soundness including limitations and assumptions, assure end-to-end data integrity, test model implementation accuracy and performance.
- Write validation reports clearly explaining the theory and logic behind design decisions, analyses performed, implications of results and recommended enhancements.
- Conduct code reviews to substantiate surveillance scenarios within various technology solutions.
- Assist other AML teams in periodic model and rule tuning exercises.
- Lead root cause analyses for issues and exceptions related to model application.
- Participate in other data or tech-related activities including creating ad-hoc data reports, interactions with IT developers and regulatory examiners.
Qualifications:
- Bachelor’s Degree in relevant discipline (e.g., IT, Computer Science, Mathematics, Statistics, Analytics, or other related field)
- Experience in AML or regulatory compliance, financial auditing or financial investigations
- Experience with validating AML models, particularly assessing:
- Model vs business objective alignment
- Model methodologies
- Rules, peer grouping, thresholds and risk settings
- Data quality, lineage and any supportive mathematical calculations
- Processing logic
- Stress testing
- Experience with some or all of the following technologies:
- Advanced Excel data analysis skills
- MS SQL queries, procedures, functions, and other database objects
- Understanding of ETL & Data warehouse principles
- Effective communication skills, both verbally and written
Compensation
For job postings in New York City, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the City of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $70,000.00 - $100,000.00 at the time of this posting. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.
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