Quantitative Model Analyst 3

U.S. Bank; Minneapolis (MN); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability

Parental leave

401(k) plan

Vacation days

Holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a highly skilled quantitative analyst to develop, validate, test, document, and implement complex statistical models used to monitor suspicious activity within customer accounts.

The candidate will own existing models and support development of new models to identify anomalous transactions indicative of illicit activity, while receiving direction from senior analysts and working independently on designated subjects.

Qualifications

• Bachelor’s degree in a quantitative field with 5+ years of relevant experience OR MA/MS with 3+ years OR PhD with <2 years of related experience.
• Experience with transaction monitoring or financial crime detection models is preferred.
• Excellent communication skills and ability to present complex model results to non-technical stakeholders.

Responsibilities

• Create/develop models and review/model documentation.
• Conduct periodic performance assessments and calibration of models.
• Ensure models meet regulatory expectations and internal risk standards.
• Communicate model performance, limitations, and findings to stakeholders across compliance, risk, and technology teams.
• Develop deliverables including model artifacts, performance assessments, and monitoring procedures.

Skills

Statistical modeling

Python

SAS

SQL

AML regulations

Model validation

Communication

Education

Bachelor’s degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Job description

Job Description

NOTE: This position is not eligible for current or future visa sponsorship.

This position will report to the Enterprise Financial Crimes Compliance Financial Intelligence Unit Monitoring Management & Development team. The candidate will develop, validate, test, document, and implement complex statistical models used to monitor suspicious activity within U.S. Bank customer accounts.

The candidate will both take ownership of existing models and support the development of new models designed to identify anomalous transaction activity by Bank customers that is indicative of potential illicit activity. The candidate will receive direction from their manager and other senior analysts, while also working independently on their designated subject matter.

Key responsibilities include creating/developing models, creating/reviewing model documentation, conducting periodic performance assessments, tuning/calibration and ensuring models meet regulatory expectations and internal risk standards.

The position also requires clear communication of model performance, limitations, and findings to stakeholders across compliance, risk, and technology teams. The candidate must have excellent communication skills and be able to tailor communications to multiple target audience with the appropriate level of technical detail for each.

Common deliverables include:

• Model development artifacts
• Model performance assessments
• Documentation of model implementation and monitoring procedures
• Business requirements for model integration
• Ongoing monitoring reports and related code
• Presentations and written summaries for internal and regulatory audiences

Basic Qualifications

• Bachelor’s degree in a quantitative field, and five or more years of relevant experience
• MA/MS in a quantitative field, and three or more years of related experience
• PhD in a quantitative field, and less than two years of related experience

Preferred Skills/Experience

• Experience with internally developed and/or vendor-provided models for transaction monitoring or financial crime detection
• Advanced knowledge of statistical modeling techniques and validation methodologies
• Strong programming skills in SAS, Python, SQL, or similar
• Understanding of AML regulations
• Ability to interpret and communicate complex model behavior to non-technical stakeholders
• Strong organizational, analytical, and project management skills

Demonstrated ability to work independently and collaboratively across teams

LOCATION EXPECTATIONS

This role requires working from a U.S. Bank Location three (3) or more days per week.

Benefits:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,175.00 - $115,500.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.