AML Model Validation Analyst

Zions Bancorporation • Midvale, UT

7h • $80,000 - $130,000 • Remote

About The Position

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the “Best Banks to Work For” and as having a top banking team in its list of “The Most Powerful Women in Banking.” Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a “local” business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers. With benefits starting on day one, paid bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. We are currently seeking a AML Model Validation Analyst to join our team. This position will be a full-time remote role.

Requirements

• Requires a Bachelors degree in Statistics, Economics, Finance or other quantitative discipline and 6+ years of data validation and modeling, statistics, data mining, software implementation, enhanced reporting analytics, including experience working in the Financial Services industry or other directly related experience.
• A combination of education and experience may meet qualifications.
• Advanced knowledge of validation of model risk and complete understanding of model validation principles as defined the regulatory agencies.
• Advanced analytical, problem resolution, project and time management skills.
• Ability to collaboratively work with other team members, model owner/sponsor counterparts.
• Execellent presentation and communication skills; ability to convey complex concepts and outcomes to non-subject matter experts.
• Proficient programming skills (i.e. Stata, SAS, R, Matlab, VBA, etc.)
• Strong understanding of Transaction Monitoring systems (i.e. Norkom, Mantas, NetReveal, etc).
• Ability to develop financial models.
• Advanced knowledge of SQL.
• Ability to work in a heavily deadline oriented environment.

Responsibilities

• Responsible for implementing and managing the ongoing validation efforts for all applicable AML models subject to the AML Model Validation Governance Program.
• Ensure validation efforts for AML models meet or exceed expectations as defined by the Office of the Comptroller of the Currency's Supervisory Guidance on Model Risk Management.
• Determines quantitative approaches to be implemented to validate AML models.
• Performs advanced quantitative assessments of all aspects of models including theory, design, implementation, assumption, data integrity and reliability.
• Perform tests to quantitatively assess model performance and recommend changes; participate in gap-closing projects. Communicates findings from validation work.
• Produce management reporting and analysis.
• Engages in inferential and descriptive statistics for the purposes of providing narratives and participation in the analysis and interpretation of the data with technical and non-technical individuals.
• Keep pace with the latest developments in regulatory environment, Risk Management and AML Compliance industries.
• Creates documentation, work papers and reports of validation results.
• Write and develop Standard Operating Procedures for validation processes.
• Oversees the maintenance and enhancement of tools and techniques used to support model testing and validation.
• Supports regulatory examinations, reviews and internal audits of the modeling process and component models.
• Coordinates responses and provide data to Internal Audit, Corporate Model Risk Management and regulatory exam requests.
• Establishes and maintain strong relationships with stakeholders in AML Compliance.
• Works with team members and subject matter experts on identifying, designing, building and performing analytics to provide risk control, identify true risk and insights for the AML program.
• Liaise with key constituents to uncover and highlight model risk associated with models.
• Performs advanced SQL query searching and updates for data requests and statistical analysis.
• Performs special projects.
• Other duties as assigned.

Benefits

• Medical, Dental and Vision Insurance - START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire
• Employee Ambassador preferred banking products

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level