U.S. Bank
Quantitative Model Analyst - AML
U.S. Bank, Charlotte, North Carolina, United States, 28245
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
This role is an individual contributor position within the Bank’s Enterprise Financial Crime Compliance (EFCC) organization. The person in this role will join a small team of Financial Intelligence Unit (FIU) analysts focused on the Design and Execution team, which oversees change control for transaction monitoring model code and supports modernization projects. This team is integral to maintaining and enhancing the Bank’s Anti-Money Laundering Transaction Monitoring systems. The quality control duties include ensuring that the code accurately reflects its documented intent and identifying any conceptual or technical issues with model design. Modernization projects cover rules-based, machine learning, and artificial intelligence tools, including Generative AI solutions, to support AML/BSA compliance across EFCC.
The ideal candidate for this role should possess a strong eye for code review, previous experience with BSA/AML monitoring tools, and be familiar with SAS, SQL, and Python. Moreover, candidates should demonstrate robust skills in data science and model development/validation. Outstanding applicants will have previous exposure to Generative AI and cloud analytics platforms.
This individual is expected to be highly self-driven, well-organized, and efficient in time management, capable of handling multiple tasks at once. Responsibilities include executing BAU code reviews, such as Code Change approvals and comprehensive Code Reviews of new models, alongside maintaining the team’s internal Access application to facilitate these activities.
Furthermore, as a senior member of the FIU, this person will offer thought leadership and mentor junior team members and colleagues.
Professional communication abilities are essential, as collaboration within the FIU and representation of the team to senior leadership, Model Risk Management, and both internal and external auditors will be required.
Essential Functions:
Conduct comprehensive code reviews for AML Transaction Monitoring models, ensuring adherence to coding standards and identifying areas for improvement.
Conduct code change reviews in response to business need to ensure the bank’s risk apparatus is responsive to design changes.
Provide actionable feedback to code owners in a constructive manner.
Maintain FIU Design & Execution Code Review Tracker application.
Identify opportunities for ongoing improvement of code review processes to improve the overall effectiveness and efficiency of the team.
Provide valuable insights and problem-solving expertise to modernization projects.
Develop and maintain a strong understanding of industry best practices and regulatory expectations related to AML systems.
Maintain awareness of financial services related regulatory compliance environments as well as an interest to self-educate on new topics and changing requirements.
Construct and present materials for audiences including but not limited to senior leadership, model risk management, corporate audit, regulatory and business partners.
Basic Qualifications
Bachelor’s degree in a quantitative field, and five or more years of relevant experience
OR
MA/MS in a quantitative field, and three or more years of related experience
OR
PhD in a quantitative field, and less than two years of related experience
Preferred Skills/Experience
Coding: Proficient in SAS, SQL, and Python; experience with AML/BSA tools.
Data Science: Strong background in model development, validation, and machine learning.
Generative AI: Familiar with Generative AI and cloud analytics platforms.
Regulatory Knowledge: Understand AML best practices and regulatory expectations.
Attention to Detail: Identify issues in transaction monitoring model code accurately.
Project Management: Manage multiple tasks efficiently and maintain internal applications.
Communication and Leadership: Excellent communication; mentor team members; represent to senior leadership and auditors.
Problem-Solving: Provide insights for modernization projects and improve code review processes.
NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $95,285.00 - $112,100.00 - $123,310.00
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.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
Job Description
This role is an individual contributor position within the Bank’s Enterprise Financial Crime Compliance (EFCC) organization. The person in this role will join a small team of Financial Intelligence Unit (FIU) analysts focused on the Design and Execution team, which oversees change control for transaction monitoring model code and supports modernization projects. This team is integral to maintaining and enhancing the Bank’s Anti-Money Laundering Transaction Monitoring systems. The quality control duties include ensuring that the code accurately reflects its documented intent and identifying any conceptual or technical issues with model design. Modernization projects cover rules-based, machine learning, and artificial intelligence tools, including Generative AI solutions, to support AML/BSA compliance across EFCC.
The ideal candidate for this role should possess a strong eye for code review, previous experience with BSA/AML monitoring tools, and be familiar with SAS, SQL, and Python. Moreover, candidates should demonstrate robust skills in data science and model development/validation. Outstanding applicants will have previous exposure to Generative AI and cloud analytics platforms.
This individual is expected to be highly self-driven, well-organized, and efficient in time management, capable of handling multiple tasks at once. Responsibilities include executing BAU code reviews, such as Code Change approvals and comprehensive Code Reviews of new models, alongside maintaining the team’s internal Access application to facilitate these activities.
Furthermore, as a senior member of the FIU, this person will offer thought leadership and mentor junior team members and colleagues.
Professional communication abilities are essential, as collaboration within the FIU and representation of the team to senior leadership, Model Risk Management, and both internal and external auditors will be required.
Essential Functions:
Conduct comprehensive code reviews for AML Transaction Monitoring models, ensuring adherence to coding standards and identifying areas for improvement.
Conduct code change reviews in response to business need to ensure the bank’s risk apparatus is responsive to design changes.
Provide actionable feedback to code owners in a constructive manner.
Maintain FIU Design & Execution Code Review Tracker application.
Identify opportunities for ongoing improvement of code review processes to improve the overall effectiveness and efficiency of the team.
Provide valuable insights and problem-solving expertise to modernization projects.
Develop and maintain a strong understanding of industry best practices and regulatory expectations related to AML systems.
Maintain awareness of financial services related regulatory compliance environments as well as an interest to self-educate on new topics and changing requirements.
Construct and present materials for audiences including but not limited to senior leadership, model risk management, corporate audit, regulatory and business partners.
Basic Qualifications
Bachelor’s degree in a quantitative field, and five or more years of relevant experience
OR
MA/MS in a quantitative field, and three or more years of related experience
OR
PhD in a quantitative field, and less than two years of related experience
Preferred Skills/Experience
Coding: Proficient in SAS, SQL, and Python; experience with AML/BSA tools.
Data Science: Strong background in model development, validation, and machine learning.
Generative AI: Familiar with Generative AI and cloud analytics platforms.
Regulatory Knowledge: Understand AML best practices and regulatory expectations.
Attention to Detail: Identify issues in transaction monitoring model code accurately.
Project Management: Manage multiple tasks efficiently and maintain internal applications.
Communication and Leadership: Excellent communication; mentor team members; represent to senior leadership and auditors.
Problem-Solving: Provide insights for modernization projects and improve code review processes.
NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $95,285.00 - $112,100.00 - $123,310.00
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.
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.