Quantitative Modeler Manager - AML

U.S. Bank; Charlotte (NC); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability insurance

Parental leave

Job summary

U.S. Bank is seeking an experienced professional to advance its AML monitoring program within the FIU, leading model development from data exploration to production and ensuring governance documentation.

The role requires strong quantitative skills, communication abilities, and a track record of delivering analytical projects across multiple teams, regulators, and business partners.

Qualifications

• Bachelor’s degree in a quantitative field with 10+ years of relevant experience; or MA/MS with 6+ years; or PhD with 5+ years.
• Experience building BSA/AML monitoring applications and documentation.
• Ability to drive analytical projects and coordinate with stakeholders.

Responsibilities

• Partner with EFCC and FIU to understand transaction monitoring applications and processes.
• Enhance and own existing models and drive the full model-development lifecycle.
• Create robust development documentation and collaborate with Model Risk Validation.
• Monitor models and defend methodologies to examiners and stakeholders.

Skills

Regression techniques

Time series analysis

Model validation tests

Data analysis

Communication skills

Project management

Interpersonal skills

Quantitative reasoning

Education

Bachelor’s degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

SAS

Python

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

NOTE: This position is not eligible for visa sponsorship.

This individual will work with a team of Financial Intelligence Unit (FIU) analysts responsible for supporting the development, production, and ongoing maintenance (including tuning and performance monitoring) of the Bank’s Anti-Money Laundering (AML) Transaction Monitoring systems. These systems include the Actimize SAM Security Blanket model as well as a portfolio of targeted monitoring models developed internally via SAS/SQL/Python.

The ideal candidate for this position will have prior experience developing BSA/AML monitoring applications and related professional documentation (development documents, procedure manuals, PowerPoint presentations, etc.). The candidate must be highly motivated, organized, and an effective manager of time with the ability to handle multiple priorities simultaneously. This individual will have proven capabilities driving analytical projects that require communication and coordination with team members and stakeholders.

Additionally, this candidate will play a key role in advancing the AML monitoring program at U.S. Bank into more sophisticated anomaly detection systems. The candidate must be able to demonstrate expertise in true machine learning modeling approaches. The role is highly technical and requires significant interaction with both internal and external review and validation functions, along with the ability to explain complex concepts in a manner appropriate for various levels of audiences.

Essential functions

• Partnering with team members in Enterprise Financial Crimes Compliance (EFCC) and the FIU to become familiar with various transaction monitoring applications, approaches and processes.
• Supporting/owning/enhancing existing models
• Driving the full model-development lifecycle, from data exploration to pilot to production level models.
• Creating robust model development documentation specific to U.S. Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address any concerns related to the models throughout the life of the program.
• Ongoing model monitoring in partnership with another FIU team, requiring research and analysis as appropriate based on performance metrics and Below the Line testing efforts.
• Defending modeling approaches/methodologies/design decisions to both internal and external examiners.

Professional communication skills are crucial as this individual (and their work product) will represent the FIU team to EFCC senior leadership, Model Risk Management, internal audit and quality assurance functions, business partners, and regulators.

Basic Qualifications

• Bachelor’s degree in a quantitative field, and 10 or more years of relevant experience

OR

• MA/MS in a quantitative field, and six or more years of related experience

OR

• PhD in a quantitative field, and five or more years of related experience

Preferred Skills/Experience

• Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS, Python, or similar package
• Advanced data compilation, programming skills and qualitative analysis skills
• Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Thorough knowledge of applicable regulatory rules, guidance, or supervisory letters
• In depth knowledge of Bank products and services
• Demonstrated independence, teamwork and leadership skills
• Strong analytical, organizational, problem-solving, negotiation, and project management skills
• Excellent interpersonal, verbal and written communication skills

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

This position is not eligible for visa sponsorship.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave104(See text)But**...??