MB Financial Bank Data Governance & Analytics Specialist (Financial Crimes)- 6111 N River Rd in Rosemont, Illinois

Job Description:


This positionsupports the Data Governance and Analytics team within the Financial Crimes Risk Management Department (“FCRMD”). The team’s overall responsibility is to assist in the development, enhancement, implementation and optimization of the Bank’s Anti-Money Laundering (“AML”) and Fraud surveillance strategies, through extensive use of analytics. This position is responsible for evaluating the effectiveness of AML & Fraud transaction monitoring alerts and performing Close-to-Line (“CTL”) analysis, as well as, Above-the-Line (“ATL”) and Below-the-Line (“BTL”) sensitivity testing when required.

This role will require heavy participation in AML & Fraud Rule tuning exercises through the usage of statistical analysis on large datasets. The objective of this team is to optimize alert thresholds within the transaction monitoring systems and increase the overall effectiveness of alerts. Sr. Analytics Specialist will work closely with Data Governance and Analytics Supervisor in developing and documenting automated transaction monitoring scenarios and corresponding data-driven tuning methodologies.

This position is also responsible for supporting the overall design, development, and delivery of management metrics utilizing multiple systems within the FCRMD environment including Fiserv, Hyperion, AS400, and more. Moreover, Sr. Analytics Specialist will also participate in systems’ enhancement & testing initiatives on a periodic basis in close collaboration with FCRMD Systems Manager.

This role will provide candidate with an opportunity to develop subject matter expertise in AML and Fraud monitoring processes as well as provide direct exposure to executive management. Moreover, candidate will be provided an opportunity in future to lead and roll out governance programs for FCRMD.


These are the most significant job duties performed. The size, scope and complexity of assigned duties and responsibilities are dependent on the level and experience of the incumbent. To perform this job successfully, an individual must be able to perform each assigned essential duty satisfactorily. Other responsibilities or special projects not specifically mentioned may also_ be assigned.

  • Conducts regular quantitative analysis of AML and Fraud Monitoring system output to verify model accuracy, efficiency, and effectiveness of alerts generated.

  • Develops expertise in transaction life cycle from source systems through the AML, Prepaid, and Fraud monitoring platforms and via client risk assessments.

  • Assists with enhancing current tests including, but not limited to, CTL, ATL, BTL, SAR testing, population distribution analysis.

  • Automates statistical/quantitative models to test effectiveness of proposed threshold parameters for existing/new rules. Models should be multi-variate in nature to incorporate all rule testing aspects as identified above.

  • Leads work-stream efforts to analyze metrics and determine potential improvements required for yield optimization, and develop actions/strategies to enhance detection of suspicious activity.

  • Ensures that the AML and Fraud transaction monitoring rules monitor for appropriate high-risk products/typologies such as international exposure, new accounts, structuring, and more.

  • Builds relationships with investigation units, documenting and understanding key feedback.

  • Performs ad-hoc reviews as a result of events, issues or areas of concern and applies discovery analytics to evaluate potential risks and provide process based business solutions internally.

  • Provides innovative solutions to testing/tuning methodologies and provide effective planning for model governance; work with business control unit to enhance process workflow internally.

  • Builds relationship with Vendors to escalate code alterations and any parameter changes as required due ineffectiveness of current rules, and/or troubleshoot system glitches.
  • Maintains ongoing customer review score tracking in Access/SQL/SAS/Excel databases.
  • Assists or leads efforts when needed in periodically testing for system efficiencies, enhancement & testing initiatives.
  • Assists in the development of metrics, KPIs, KRIs, Production Reports, and other line of business-level reporting.

  • Provides subject matter expertise in various systems and reporting tools.

  • Presents metrics, rule updates, ad hoc analysis to upper management using ppt/memos/etc.

  • Liaises with external vendors, as necessary, to troubleshoot issues.

  • Leads weekly/monthly team meetings on status updates.

  • Assists with FCRMD special projects.

  • Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required Compliance training.

  • Continuously supports the Bank’s Mission Statement and Core Values.

Supervisory Responsibilities_

This position has no supervisory responsibilities.


_The requirements listed below are representative of the knowledge, skill, and/or ability required to perform this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

**_Education and Work Experience


Bachelor's degree from a four-year college or university in Business or Quantitative subject field (e.g., Economics, Mathematics, Statistics, Actuarial Science, Computer Science, Finance); and three or more years of proven experience in analyzing data in the financial services sector, or related industry. Tuning and optimizing AML and/or Fraud monitoring systems and scenarios is a plus. SQL coding experience is a plus. Microsoft Access or other database building is a plus.



Certificates and Licenses**

Professional certification (e.g., ACAMS, CFE,) preferred.

**_Job –Specific Knowledge Required


  • Business Analysis –demonstrated experience with identifying trends and tracking key deliverables and risks such as: effectiveness of programs year-over-year in improving overall performance and achieving desired business results.

  • Operational/Regulations Processes -Knowledge on organization’s policies, regulations, objectives, and initiatives according to the job’s responsibilities. Ability to establish, conduct and track (audit) operational processes properly, and implement changes. Preferred to have experience working with OCC and/or Fincen Regulators.**

  • Project Management -Knowledge of project coordination, identification of business needs, work plan, time management, team management and status reports. Must demonstrate leadership, logic, and reasoning skills.Identify risks/issues affecting project work progress and recommend solutions. During the course of system upgrade or similar, candidate should be willing to collaboratively share workload with all other team members to deliver testing results on time and/or identify potential issues and lead investigative effort.

  • Risk/Compliance - Knowledge of one or more of the following: Risk/System Auditing, Fraud Prevention, Risk Management, Compliance Administration, Regulatory Requirements, and Data Management. Regulatory Requirements include knowledge of all applicable local and federal laws and regulations (OFAC Testing, OCC & Fincen Guidelines, etc.)

  • Strategy Development/Governance– Ability to work collaboratively with multiple business units to establish control checkpoints for internal process workflow alongside database workflow; knowledge of risk strategy development constant monitoring/re-evaluation of existing strategy for potential rewrites (rule rewrites, SAR recommendation rewrites, etc.)



To perform the job successfully, an individual should demonstrate the following competencies.**__


  • Advanced knowledge in Microsoft applications, particularly, Excel and Access, preferred.
  • Experience with the Fiserv/FCRM and the Crowe Horwath DCI systems, QlikView, Tableau, SAS, Python, Knowledge Seeker Spotfire, SQL, R-Studio, MS VBA and Visio a plus.
  • Identifies opportunities to increase accuracy and optimize resources and develops / recommends / implements solutions.
  • Strong aptitude for understanding and analyzing large amounts of data from multiple sources.
  • Performs complex analysis of data, processes, policies, procedures and/or systems.
  • Produces unambiguous, comprehensive and accurate interpretations.
  • Develops insightful, value-added and actionable analyses with detailed explanations regarding drivers of those results.
  • Writes clearly and informatively. Edits work for spelling and grammar.
  • Presents organized and thorough information and data appropriate for intended audience.
  • Prioritizes regular workload, special tasks and concurrent projects, allocating time and resources to ensure that work is completed accurately and efficiently within established time frame.
  • Self-motivated. Works with minimal supervision.
  • Consults with Team members and management as needed to complete assigned responsibilities.
  • Establishes and maintains effective, collaborative work relationships both internally and externally. **


_The physical demands and work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.



Physical Demands: While performing the duties of this Job, the employee is regularly required to use hands to finger, handle, or feel; and to talk or hear. The employee is frequently required to sit.

Work Space:Office / cubicle work space with moderate noise level.

_Hours of Work

  • Normal business hours with occasional overtime and/or extended hours this may include nights / weekends.

  • Local travel between branches required sometimes.

_Stress Levels

  • Stress levels may increase due to special projects and/or during examinations or audits.

  • Job is always fast-paced and deadline sensitive.

MB Financial is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class._

As a part of the MB Financial hiring process all applicants will be required to submit to and pass a pre-employment urine drug screening.