Data Analytics Pilots on Financial Crime - Data Scientist (Sanctions) - 3 of 3 roles

Tender description

Who Speclialist Work With Working with FCA Data Scientists, with SMEs in financial crime and with some third party data vendors / collaborators What Specialists Work On The FCA is running a number of pilots on the use of data science focused on assessing firm effectiveness at detecting financial crime. This role is for a Data Scientist to create a customisable tool to generate data with which to test sanctions screening tools Where the Work Takes Place 12 Endeavour Square, London E20 1JN Early Market Engagement N/A Working Arrangements Team will be expected to work on-site using FCA IT with occasional visits to third party collaborators where required. FCA work day is 7 hours (excluding 1 hour lunch break) no weekend work is required. The FCA does not pay expenses unless in exceptional circumstances and only in so far as it aligns with the FCA employee expenses policy. Work Location 12 Endeavour Square, London E20 1JN Security Clearance Standard FCA security clearance process (typically 2-3 days) Additional T&Cs The FCA reserves the right to terminate the Contract at the end of each of Phase. We are currently seeking resource for Phase 1 which is expected to last 3 months. The expectation is that Phase 1 resources will be available for Phase 2 and any further phases as approved by the FCA. Further details regarding the phases will be made available to shortlist listed bidders. Skills & Experience Our expectation is that the sanctions monitoring workstream will require data analysis/data science, statistics and record matching skills: Experience with compliance databases such as BVD, Worldcheck, LegalKey, etc. Experience with PEPs, sanctions and negative media screening. Data matching: entity resolution, fuzzy matching, duplicate detection, etc. Cloud computing Nice to Haves Our expectation is that the sanctions monitoring workstream will require data analysis/data science, statistics and record matching skills: Solid understanding of UK and European money laundering regulations, initiatives and directives Exposure to anti financial-crime work within a UK-regulated bank and proven experience of AML/KYC requirements. Experience collaborating with 3rd party vendors No. of Specialists to Evaluate 3 Cultural Fit Criteria Work as a team with our organisation and other suppliers Take responsibility for their work Be transparent and collaborative when making decisions Share knowledge and experience with other team members Assessment Method Evaluation Weighting Technical competence 60% Cultural fit 10% Price 30% Questions from Suppliers Budget range £600