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Model Risk Management Specialist

Kraken· Compliance
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RemoteFull-timePosted 1mo ago

About the role

We are seeking a highly skilled Model Risk Management Specialist focusing on Transaction Monitoring and Customer Risk Assessments models for AML/CFT. Responsible for independent validation, regulatory compliance, risk assessment, monitoring, collaboration, documentation, and methodology development.

Responsibilities

  • Model Validation: perform independent validation of Transaction Monitoring / Customer Risk Assessment / Screening models, AI models (built in Claude or ChatGPT), including reviewing model pre & post development documentation, data quality, accuracy, access and testing methodologies; assessing model performance, accuracy, and stability; evaluating model risk and identifying potential biases; reviewing AI Models for AML/CFT Program
  • AML/CFT Regulatory Compliance: ensure Transaction Monitoring and Customer Risk Assessment models comply with AML/CFT regulations (EU directives, US BSA/AML, FATF)
  • Risk Assessment: conduct risk assessments to identify potential AML/CFT risks, identify higher-risk customer segments, products, and geographies; assess effectiveness of controls and mitigants
  • Model Monitoring and Maintenance: develop and implement procedures for ongoing model monitoring and maintenance (annual reporting & certification, tracking performance, regular reviews and updates)
  • Collaboration and Communication: work with Model Engineering, AML/CFT SMEs, business units and risk management teams
  • Documentation and Reporting: prepare and maintain model validation reports, risk assessments, regulatory compliance reports
  • Methodology Development: contribute to development and maintenance of model validation methodologies, frameworks, best practices

Qualifications

  • Bachelor's degree in a quantitative field (e.g., mathematics, statistics, computer science, engineering)
  • 5+ years of experience in model validation, risk management, or related field ( AML/CFT preferred)
  • Understanding of international Model Risk Management rules/regulations (e.g., OCC SR 11-7)
  • Strong understanding of machine learning and statistical modeling techniques
  • Deep understanding of fiat and crypto payment flows
  • Proficiency in programming languages (Python, R, SQL)
  • Experience with data visualization tools (Tableau, Power BI)
  • Strong understanding of financial markets, products, and services
  • Excellent written and verbal communication skills

Skills

Required:Model validationAML/CFT regulatory knowledgeProgrammingCommunication
Nice to have:Data visualization

Benefits

  • (Not explicitly listed in the description)
Last updated Sep 16, 2026. Interested? Apply on the company site.

About Kraken

setter-30setter-30-2026-q1
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