Senior Quantitative Model Development Analyst- AML and Financial Crimes

Truist; Charlotte (NC); On-site; USD 110,000 - 170,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Paid time off

Job summary

Truist is seeking an AML/Financial Crimes quantitative modeling specialist to drive development, implementation, monitoring, and governance of analytics within our Risk Analytics team.

You will support data analysis, feature engineering, model development, documentation, and post-deployment validation mitigation, working with cross-functional partners to ensure objective outcomes.

Qualifications

• Two or more years of experience developing, documenting, implementing, or validating quantitative models using SAS or other tools.
• Strong English communication skills, both written and verbal.
• Ability to distill complex mathematical concepts into actionable results.
• Strong work ethic and commitment to ongoing learning and skills development.
• Excellent organization and ability to manage competing priorities.

Responsibilities

• Develop, implement, monitor, and enhance AML/financial crimes quantitative models and analytics.
• Support all phases of the model development lifecycle: data analysis, feature engineering, modeling, documentation, and governance.
• Participate in model reviews and mitigation of validation findings post-deployment.
• Collaborate with partners to address model questions and communicate results.

Job description

Regular or Temporary: Regular

Language Fluency: English (Required)

Work Shift: 1st shift (United States of America)

Focus on the development, implementation, monitoring, and enhancement of Anti-Money Laundering (AML) and Financial Crimes quantitative models and analytics. Responsible for supporting all phases of the model development lifecycle, including data analysis, feature engineering, model development, documentation, implementation, performance monitoring, and ongoing governance activities. This position will participate in model reviews and validation finding mitigation following deployment.

Essential Duties And Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Conduct specific 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.
• Evaluate, develop and maintain monitoring, performance reporting, and change-management processes. Work with stakeholders to ensure models fulfill the business objectives set for them.
• Ensure assigned parts of model development projects and processes comply with Truist requirements for model risk management and other policy requirements.
• Request or assist with mentoring and training to accelerate model development in areas of techniques, process and business knowledge.
• Assist with user understanding and acceptance of models and associate analytics, including written and verbal presentations to model users, stakeholders, managers and oversight groups.
• Address model questions from partners within the firm as needed, including assurance providers.
• Assist with identifying, recruiting, and maintaining, quantitative talent.

Qualifications

Required Qualifications:

• Two or more years of relevant experience in best practices, or equivalent financial industry experience developing, documenting, implementing, or validating quantitative models 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, implementing, validating, or monitoring models and analytics in AML transaction monitoring, sanctions, fraud, or other financial crimes risk management areas.
• Some knowledge/experience of best practices and current regulatory environment

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

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

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. EEO is the Law E-Verify IER Right to Work