Data Analytics Pilots on Financial Crime - Data Scientist (Transactions) - 1 of 3 roles

Tender description

Summary of the work Phase 1 = 3 pilot projects relating to financial crime: Support Pilot /POC build of a customizable transactions data simulator, initially for creating a specific type of transaction. Create taxononmy & database of data (internal and external) to identify firm risk. Customisation tool to generate data, testing sanction screening tools. Specialist role Data scientist Expected Contract Length 12-24 months (initially 3 months) Latest start date Thursday 7 February 2019 Maximum Day Rate £600 Early Market Engagement N/A 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 support Pilot /POC build of a customizable transactions data simulator, initially for creating a specific type of transaction (e.g. payment data between retail banks) Skills & Experience • Our expectation is that the transaction monitoring workstream will require Data Science and big data engineering skills: • Python/R • Agent based models • Supervised learning models • Unsupervised learning models • Experience with cloud computing Nice to Haves • Our expectation is that the transaction monitoring workstream will require Data Science and big data engineering skills • Experience with AWS cloud • Experience with agent based modelling software (e.g. Netlogo, Mesa, etc.) • Parallel computing • Object-orientated programming • Exposure to operational risk assessments and the identification of setting of risk indicators. • Strong commercial awareness of financial drivers and risk activities within banking. • Understanding of payment activities in banking, particularly relating to AML and compliance. • Experience with transaction monitoring systems such as Actimize, Mantas, Fortent etc. • Exposure to anti financial-crime work within a UK-regulated bank and proven experience of AML/KYC requirements. Work Location 12 Endeavour Square, London E20 1JN Working Arrangments 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. 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. 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 Evaluation Weighting Technical competence 60% Cultural fit 10% Price 30% Questions from Suppliers 1. Would you consider BPSS clearance? All 3rd Party Contractors/Consultants or Work Experience people working at the FCA will be required to complete and return security forms and undergo appropriate checks before they are permitted access to the FCA building and/or systems. These forms will be sent once the indivdual's have been selected. 2. Could you please confirm whether the role will be inside or outside of IR35? This role will be outside of IR35. 3. A number of the 'nice-to-have' skills are duplicates of the 'essential skills'. Please can you provide some greater clarity as to which skills are essential and which are nice-to-have as they can't really be both. The FCA does not believe there has been a duplication. Please can advise. 4. Confirmation of Q3. The duplication is in the first bullet point for both 'essential' and 'nice to have' sections."Our expectation is that the transaction monitoring workstream will require Data Science and big data engineering skills:"Is the a merely an introduction into the remaining bullet points and as so does it require a 100 word answer? The "Our expectation is that the transaction monitoring workstream will require Data Science and big data engineering skills:" is indeed a 'header' lining up the points below it.Please enter "N/A as directed by the FCA" for your response to that first requirement in 'Essential' and 'Nice to have' criteria across all roles.