AML Model Validation Analyst

Zions Bancorporation•Midvale, UT

1d•Remote

About The Position

Zions Bancorporation is seeking an AML Model Validation Analyst to join their team. This position will be a full-time remote role. The analyst will be responsible for implementing and managing the ongoing validation efforts for all applicable AML models, ensuring compliance with regulatory guidance. This involves determining quantitative approaches, performing advanced quantitative assessments of models, testing model performance, and producing management reporting. The role requires strong analytical and communication skills, proficiency in programming languages and SQL, and a solid understanding of Transaction Monitoring systems and financial model development. The analyst will also support regulatory examinations and collaborate with stakeholders to identify and mitigate model risk.

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
Adoption Assistance
Health Savings (HSA)
Flexible Spending (FSA)
Dependent care accounts
Paid Training
Paid Time Off (PTO)
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