Raymond James Financial, Inc

Senior Analyst, BSA/AML and Fraud Model Risk Management

Raymond James Financial, Inc$88K — $105K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Mathematics, Data Science, Computer Science, or a related field.
  • 3-6 years of professional experience in AML and Fraud model development and validation.
  • Strong understanding of risk management, data analytics, and compliance.
  • Familiarity with regulatory requirements such as the Bank Secrecy Act and USA PATRIOT Act is essential.
  • Professional certifications like ACAMS are encouraged.

Responsibilities

  • Develop and maintain relationships with BSA/AML and fraud model stakeholders.
  • Monitor changes in AML and fraud regulations and industry best practices.
  • Create and document validation plans for various models.
  • Lead model validations and assist in thorough documentation and analysis.
  • Ensure timely completion of model validations and annual reviews.
  • Maintain organized records of validation findings and remediation efforts.
  • Conduct ongoing monitoring and independent reviews of models.

Benefits

  • Medical, dental, and vision insurance.
  • Life insurance and critical illness coverage.
  • Disability benefits and accident insurance.
  • Retirement savings plan with employer contributions.
  • Paid time off including vacation, holidays, and sick leave.
Full Job Description
Job Description Summary
This Senior Analyst position will conduct model risk management and validation-related responsibilities in the independent validation and review of BSA/AML models, including (but not limited to) Transaction Monitoring, Customer Risk Scoring, and OFAC/Sanctions Screening systems, as well as fraud models.
Please note: This role is not eligible for immigration Work Visa sponsorship, either currently or in the future.

Job Description

Please note: This role is not eligible for immigration Work Visa sponsorship, either currently or in the future.

Essential Duties and Responsibilities:
  • Develop and manage working relationships with BSA/AML and fraud model stakeholders.
  • Monitor and keep abreast of changes in AML and fraud related regulations, industry best practices, and MRM policies.
  • Develop and evidence validation plans for BSA/AML and fraud-related models.
  • Lead, perform and/or assist in model validations for BSA/AML and fraud-related models, including model documentation, model policies and procedures, conceptual soundness, data quality, assumptions/limitations, output analysis and ongoing monitoring metrics.
  • Complete model validations and annual model reviews per validation plan.
  • Maintain organized tracking of validation findings, issues, and remediations.
  • Perform BSA/AML and fraud related model ongoing monitoring, annual review and other independent model review tasks.
  • Assist in model governance activities related to AML and Fraud models.


Knowledge, Skills, and Abilities:

Knowledge of:
  • BSA/AML and fraud models, regulatory requirements, including the Bank Secrecy Act, USA PATRIOT Act, and OFAC sanctions programs.
  • Model Risk Management regulatory guidance SR 26-2 and OCC 2026-13.
  • Statistics and other quantitative fields and data validation principles.
  • The role of models in financial crime detection and prevention.
  • Understanding of core model validation concepts and components.


Skill in:
  • Microsoft Excel and Word for documentation, data analysis, and reporting.
  • Clear written and verbal communication, especially in organizing findings and writing summaries.
  • Analytical thinking, attention to detail, and structured problem-solving.
  • Using data analysis software such as SQL, R, or Python for data validation and analysis.


Ability to:
  • Understand how BSA/AML and fraud models operate and produce outputs.
  • Learn regulatory expectations and apply them to model validation work.
  • Collaborate with cross-functional teams in Financial Crimes, Risk, IT, and Compliance.
  • Follow structured validation procedures and meet project deadlines.
  • Document findings in clear, professional language.


Educational/Previous Experience Requirements:
  • Bachelor's degree in Finance, Economics, Mathematics, Data Science, Computer Science, or a related field.
  • 3-6 years of professional experience in AML and Fraud model development and model validation, or work experience related to financial crime, data analysis, compliance.
  • Proficient and strong understanding of risk management, data analytics, audit, or related field.
  • Professional development, including certifications such as ACAMS is encouraged.


Education
Bachelor's: Applied Mathematics, Bachelor's: Data Science, Bachelor's: Finance

Work Experience
General Experience - 3 to 6 years

Certifications

Travel
Less than 25%

Workstyle
Hybrid

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

About Raymond James Financial, Inc

The Raymond James Technology and Communications Investment Banking Group is a committed and thoughtful partner that provides a full range of investment banking services and best practices. The group is comprised of experienced professionals that have extensive investment banking expertise. They leverage the industry expertise of Raymond James' award-winning research department. The group focuses on key sectors within technology and communications including: communications software, communication towers, defense electronics, enterprise software, internet infrastructure services, homeland security, IT services, mobile technology, semiconductors, software-as-a-service, telecommunications equipment, telecommunications infrastructure and support services, and wireless & wireline telecommunications services. They take pride in a client-centric approach to M&A, with focus on delivering independent solutions that creates value for the long term. The outcome of this unique approach may be seen in the successful transactions of their clients, including over 80 public offerings totaling $17 billion and over 85 strategic advisory transactions totaling over $5 billion in value since 1998.

Raymond James Financial, Inc Careers

Join the vibrant team at Raymond James Financial, Inc, a leading financial services company where innovation, leadership, and professional growth are at the forefront of our operations. As a hub of diversity and expertise, Raymond James offers unparalleled job opportunities that propel your career to new heights. Work You’ll Do At Raymond James Financial, Inc, you’ll collaborate with some of the most talented professionals in the financial industry. Our team is dedicated to providing strategic financial solutions and advice to our clients, helping them achieve their financial goals while fostering economic growth. With a culture rooted in leadership and diversity training, Raymond James is the perfect place to enhance your skills and thrive professionally. Join our market-leading team to assist a diverse range of clients, from individuals to large corporations, in navigating their financial planning with precision and innovative strategies. Lead in a role where your expertise directly influences the success and stability of our clients' financial futures. Work with a dynamic team of advisors and experts who are committed to pushing the boundaries of the financial sector through continuous innovation and exceptional client service. Raymond James Financial, Inc Job Opportunities Introducing the Raymond James Career Development Program We are committed to nurturing talent through our comprehensive career development program designed to provide every employee—from interns to senior leaders—with the tools and training necessary for success. Whether you’re just starting out with an internship or you’re a seasoned professional, Raymond James offers career paths that align with your ambitions and skills. Do Innovative Work Join a company where innovation is part of the daily routine. At Raymond James Financial, Inc, you’ll engage with cutting-edge financial tools and resources that keep you ahead in the industry. Our commitment to technology and innovation ensures that we stay at the forefront of financial services. Be Part of a Great Team Experience a collaborative environment where teamwork and networking are encouraged. Our inclusive culture supports diversity and offers benefits that ensure the well-being of all team members. At Raymond James, you’re not just an employee; you’re part of a family that values your unique contributions and supports your professional journey. Future-Proof Your Career Advance your career with Raymond James, where opportunities for growth are abundant. Benefit from our industry-leading training programs and gain certifications that will elevate your professional standing. With a focus on career longevity and satisfaction, Raymond James ensures that your professional journey is as rewarding as it is successful. Explore Discover the various positions available at Raymond James Financial, Inc that match your skills and interests. We are continuously hiring across multiple disciplines, eager to welcome passionate, curious, and solution-driven team players. Stay Connected Join Our Team Search open positions at Raymond James Financial, Inc and find the perfect match for your career aspirations. Explore a range of opportunities from financial advising to corporate roles that align with your professional skills and goals. Keep Up to Date Stay informed with the latest career tips, insider perspectives, and industry-leading insights—all from the professionals who thrive at Raymond James. Job Alert Emails Customize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Raymond James Financial, Inc. Join Raymond James Financial, Inc today and be part of a company that values innovation, leadership, and professional growth. Your future in the financial industry starts here.
Learn more about Raymond James Financial, Inc
Size
15,000 employees
Market Cap
$22.6 billion
Industry
Net Income
$862 million
5 Year Trend
+11.6%
Revenue
$8.3 billion
NASDAQ

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