Quantitative Modeler Manager - AML

Us Bank; Charlotte (NC); On-site; USD 126,820 - 149,200; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Disability coverage

Parental leave

401(k) retirement plan

Paid vacation

Holiday allowance

Adoption assistance

Sick leave

Job summary

U.S. Bank seeks an experienced analytics leader to advance AML monitoring. You will collaborate with EFCC and FIU to evolve transaction monitoring models, and you will drive the full lifecycle from data exploration to production, creating governance documentation and ensuring robust model validation.

The role emphasizes leadership, cross-functional communication, and strong analytical capabilities to explain complex concepts to diverse audiences within a highly technical environment.

Qualifications

• Bachelor’s degree in a quantitative field and 10+ years of relevant experience.
• MA/MS in a quantitative field and 6+ years of related experience.
• PhD in a quantitative field and 5+ years of related experience.
• Experience developing BSA/AML monitoring applications and related documentation.
• Strong analytical, communication and project management skills.

Responsibilities

• Partner with EFCC and FIU to understand transaction monitoring applications and processes.
• Support, own, and enhance existing models.
• Drive the full model-development lifecycle from data exploration to production.
• Create robust model development documentation for Model Risk Governance standards.
• Ongoing model monitoring with FIU and collaboration with validation teams.
• Defend modeling approaches to internal/external examiners.

Skills

Regression techniques

Time series analysis

Model validation

SAS

Python

Qualitative analysis

Leadership

Project management

Strong communication

Risk factors knowledge

Education

Bachelor’s degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

SAS

Python

Job description

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

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.

Diversity and Inclusion

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

Equal Opportunity Employer

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 E‑Verify program.

Compensation

Pay Range: $126,820.00 – $149,200.00. 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).

Background Checks

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). 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.

Workplace Conduct

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.