AML Modeling & Analytics Specialist

U.S. Bank; Chicago (IL); On-site; USD 112,000 - 131,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation & holidays

Job summary

U.S. Bank is seeking a highly skilled quantitative analyst to join the Enterprise Financial Crime Compliance (EFCC) team.

The role focuses on evaluating AML Transaction Monitoring models, monitoring performance, and communicating findings to model owners, auditors, regulators, and leadership. The candidate will perform code reviews, test model thresholds, and document analyses with a strong emphasis on data-driven decision making in a regulated environment.

Qualifications

• Bachelor’s degree in a quantitative field with ≥8 years of relevant experience.
• MA/MS in a quantitative field with ≥5 years of related experience.
• PhD in a quantitative field with ≥4 years of related experience.

Responsibilities

• Conduct in-depth analytical research into model performance and behavior changes, including investigation of shifts in alert volumes, customer populations, and transaction patterns to identify drivers and assess impacts.
• Execute and document periodic testing and performance reviews per regulatory expectations and internal risk standards.
• Review model behavior, limitations, and assumptions; identify control gaps and remediation actions.
• Conduct comprehensive code reviews and code change assessments for AML Transaction Monitoring models to ensure alignment with intent, standards and regulatory requirements.
• Provide constructive feedback to model and code owners to support issue resolution and continuous improvement.
• Assess threshold & sampling soundness through Below-the-Line reviews and support calibration decisions.
• Prepare and present materials for senior leadership, Model Risk Management, Corporate Audit, and regulatory partners.

Skills

Quantitative modeling

Data analysis

Model risk concepts

Communication

Education

Bachelor's degree in quantitative field

MA/MS in quantitative field

PhD in quantitative field

Tools

SAS

SQL

Python

Job description

U.S. Bank is seeking a highly skilled quantitative analyst to join the Enterprise Financial Crime Compliance (EFCC) team.

The role focuses on evaluating AML Transaction Monitoring models, monitoring performance, and communicating findings to model owners, auditors, regulators, and leadership. The candidate will perform code reviews, test model thresholds, and document analyses with a strong emphasis on data-driven decision making in a regulated environment.