Economic Sanctions Quantitative Model Analyst

US Bank • Cincinnati, OH

33d • Hybrid

About The Position

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 Required skillsets for someone incoming to this analytical role include experience working with large data sets/systems/warehouses and utilizing SAS/SQL to translate data analytics into valuable information that can be used for decision making by business leaders. This individual will work with a team of analysts responsible for providing analytical insights into the bank's Economic Sanctions screening/Office of Foreign Asset Control (OFAC) related systems. This position will support strategic initiatives including machine learning solutions to accelerate and strengthen US Bank's sanctions screening risk control process. This position will also support business requests, design and produce ongoing analytical reporting and/or alert generation, perform data quality analyses, and develop documentation for all projects and change efforts (procedure documents, program manuals, proposals, PowerPoint presentations, etc.) This position will be a role that supports inquiries from Business Line partners, Technology, as well as senior leaders, team members from Corporate Audit Services (CAS), Model Risk Management (MRM), and regulatory agencies. It is expected that this analyst will be highly self-motivated and an effective manager of time with strong attention to detail. This individual will have proven capabilities in ownership of analytical projects that require communication and coordination with peers and partners. Professional communication skills are crucial, as this individual will represent the Enterprise Financial Crimes Compliance (EFCC) Economic Sanctions Data & Analytics team in various meetings and discussions.

Requirements

• 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
• Experience working with large data sets/systems/warehouses and utilizing SAS/SQL to translate data analytics into valuable information that can be used for decision making by business leaders.
• Must possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs
• At least 3 years overall performing analytical work.
• Applicable professional certifications
• Knowledge of financial and banking products, policies, operations and applicable procedures.
• Strong analytical and research skills, and use of good judgment in decision making and sense of urgency for high priority issues.
• Strong communication and partnering skills for working with both Technology and Business Line partners (facilitating meetings and key conversations, documenting meetings and action items for publication and tracking, driving actions and initiatives).
• Ability to handle multiple priorities and deadlines effectively and efficiently.
• Advanced computer skills including Microsoft Office suite, SQL, and SAS (required).
• Excellent interpersonal, verbal and written communication skills.
• Ability to quickly develop subject matter expertise on Economic Sanctions screening platforms, if not already in possession of such.

Nice To Haves

• Experience supporting Economic Sanctions/OFAC or other compliance related initiatives in a large, complex, highly regulated financial institution.
• Experience with the LexisNexis Bridger Insight XG Sanctions Screening tool.
• Advanced degree in Mathematics, Statistics, Finance, Economics, Engineering, or other quantitatively rigorous discipline.
• Experience using machine learning techniques.
• Experience identifying business requirements for technical projects.
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact Enterprise Financial Crimes Compliance.
• Considerable knowledge of Risk/Compliance/Audit competencies
• Experience authoring professional documentation and incorporating feedback.
• Experience in an applicable risk management environment

Responsibilities

• Possess an awareness of regulatory and US Bank compliance environments as well as an interest to self-educate on new topics and changing requirements.
• Partner with Economic Sanctions alert adjudication to understand their workflow and to utilize their feedback, where appropriate, to strengthen the quality of OFAC Analytics work product.
• Partner with Business Line (BL) contacts to fully-understand US Bank product offerings, embedded BL compliance functions, and where the Economic Sanctions Data & Analytics team can provide value in terms of risk coverage and mitigation.
• Quickly learn the US Bank sanctions screening systems (including LexisNexis Bridger Insight XG) and become a subject matter expert.
• Support Economic Sanctions Adjudication teams with troubleshooting the application and develop intricate knowledge of the system's relevant algorithms and configurations.
• Assist in the development, validation and monitoring of machine learning solutions for customer and account screening alert dispositions.
• Lead the development and implementation of new reporting functionality for Economic Sanctions support purposes.
• Create professional program/reporting documentation in support of Economic Sanctions Screening.
• Professional presentation skills for audiences including but not limited to senior leadership, CAS, regulatory and business partners.
• Timely response to ad hoc data requests.
• Advanced computer skills including Microsoft Office suite, Visio, Teradata/Oracle SQL and SAS
• Ability to work independently with high level direction from leadership or senior analysts.
• Provide guidance and coaching to junior analysts.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees