Financial Conduct Authority

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

3 Incomplete applications

3 SME, 0 large

16 SME, 2 large

Specialist role: Data scientist
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.
Latest start date: Thursday 7 February 2019
Expected contract length: 12-24 months (initially 3 months)
Location: London
Organisation the work is for: Financial Conduct Authority
Maximum day rate: £600

Early market engagement: N/A
Who the specialist will work with: Working with FCA Data Scientists, with SMEs in financial crime and with some third party data vendors / collaborators
What the specialist will 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

Address where the work will take place: 12 Endeavour Square, London E20 1JN
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.
Security clearance: Standard FCA security clearance process (typically 2-3 days)

Additional terms and conditions: 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.

Buyers will use the essential and nice-to-have skills and experience to help them evaluate suppliers’ technical competence.

Essential skills and 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-have skills and experience: 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

How many specialists to evaluate

Cultural fit criteria

Assessment methods

Evaluation weighting

Technical competence

60%

Cultural fit

10%

Price

30%

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. Please can you confirm if these is a current incumbent in the role?: No, there is no incumbent in this or any of the roles.