Quantitative Model Development Officer II- Anti-Money Laundering

Truist; Charlotte (NC); On-site; USD 140,000 - 200,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Tax-preferred savings accounts

401k plan

Vacation & sick days

Holidays

Restricted stock units

Deferred compensation plan

Job summary

Truist Financial Corporation seeks an experienced leader to drive AML model development, validation, and governance. You will design and document models using rules, statistics, and machine learning, partnering with cross-functional teams to reduce false positives while ensuring regulatory compliance.

You will mentor others, present technical findings to stakeholders, and support examinations, while helping recruit and grow top quantitative talent within the firm.

Qualifications

• Ten years of experience in quantitative model development, documentation and validation in finance.
• Seven+ years of model development experience using SAS or similar tools.
• Strong English written and verbal communication skills.
• Ability to translate complex math into actionable results.
• Strong work ethic; ongoing professional and technical development.
• Excellent organization and prioritization abilities.
• Advanced degree in statistics, econometrics, OR, actuarial science or related field.

Responsibilities

• Own the model development life cycle from data through deployment and validation.
• Develop, monitor, and report model performance; align with stakeholders.
• Ensure compliance with model risk management policies and Truist requirements.
• Mentor and train colleagues to accelerate model development.
• Present findings to model users, stakeholders and oversight groups.
• Be the main contact for model questions; support regulatory examinations.
• Assist in recruiting and retaining quantitative talent.

Skills

SAS

Model development

English communication

Quantitative analysis

Problem solving

Organization

Education

Statistics/OR/Actuarial

Masters/PhD

Tools

SAS

Job description

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Regular or Temporary

Regular

Language Fluency

English (Required)

Work Shift

1st shift (United States of America)

Job Description

Lead model development efforts to build, assess, continually improve, and document Financial Crimes risk models, thereby enhancing the organization’s ability to detect and mitigate risks with primary focus on Anti-Money Laundering (AML) models. Leverages best practices, modeling experience, and input from model stakeholders to design and develop models incorporating rules-based logic, quantitative analysis, machine learning techniques, and hybrid approaches. Provides quantitative expertise by analyzing large datasets, identifying patterns, and building anomaly detection frameworks to improve monitoring precision. Partners with cross-functional teammates engaged in model tuning to minimize false positives while maintaining prudent risk coverage and ensuring regulatory compliance. Leads periodic model review and validation support efforts and subsequent issue remediation efforts. Supports the organization’s commitment to robust AML governance and operational effectiveness.

Essential Duties And Responsibilities

• Conduct/own most aspects of the model development life cycle. The model development life cycle includes data acquisition, assessing data integrity, model development, documentation, implementation assistance and assisting with closing assurance provider issue related to the model.


• Develop, maintain and supervise monitoring, performance reporting, and change-management processes. Work with stakeholders to ensure models fulfill the business objectives set for them.


• Ensure model development projects and processes comply with Truist requirements for model risk management and other policy requirements.


• Assist with mentoring and training to accelerate model development in areas of techniques, process and business knowledge.


• Advocate towards user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers and oversight groups.


• Serve as core point of contact to address model questions within the firm as needed, including assurance providers (e.g., Corporate Model Risk Management, Corporate Audit, and regulators). Support regulatory examinations and address respective requests.


• Assist with identifying, recruiting, and maintaining, quantitative talent.

Qualifications

Required Qualifications

• Ten years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models with concentration in a particular financial domain


• Seven+ years of model development experience using SAS or other applicable model development software/programming tools


• Strong English communication skills, both written and verbal


• Ability to distill complex mathematical concepts into actionable results


• Strong work ethic; promote and conduct continued development of personal and associate knowledge base and technical skills


• Organization skills: Ability to communicate and manage competing organizational priorities effectively


• Problem solving skills: Strong problem solving skills


• Education: Advanced degree or equivalent experience in Statistics, Econometrics, Operations Research, Actuarial Science, Applied Mathematics, or other applied quantitative science, or equivalent education and related training

Preferred Qualifications

• Master's degree/PhD


• Relevant professional designation(s)


• Experience developing and monitoring machine learning models


• Experience developing and monitoring models in AML or financial crime contexts


• Hands-on experience with model lifecycle phases including assessing data quality, designing and developing models, documenting models, supporting validations, monitoring model performance, and remediating issues


• Certification in AML or data science (e.g., CAMS, SAS, or equivalent)


• Knowledge of graph-based analytics or network analysis in AML

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation

• medical insurance


• dental insurance


• vision insurance


• life insurance


• disability insurance


• accidental death and dismemberment insurance


• tax-preferred savings accounts


• a 401k plan


• 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during the first year of employment


• 10 sick days (also prorated)


• paid holidays


• defined benefit pension plan


• restricted stock units


• deferred compensation plan

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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