Quantitative Model Analyst 2

U.S. Bank • Columbus, OH

2d • Hybrid

About The Position

The candidate will develop, validate, test, document, and implement complex statistical models used to monitor suspicious activity within U.S. Bank customer accounts. The candidate will both take ownership of existing models and support the development of new models designed to identify anomalous transaction activity by Bank customers that is indicative of potential illicit activity. The candidate will receive direction from their manager and other senior analysts, while also working independently on their designated subject matter. The position also requires clear communication of model performance, limitations, and findings to stakeholders across compliance, risk, and technology teams. The candidate must have excellent communication skills and be able to tailor communications to multiple target audiences with the appropriate level of technical detail for each.

Requirements

• Bachelor’s degree in a quantitative field, and three or more years of relevant experience OR MA/MS in a quantitative field, and less than three years of related experience.
• Strong programming skills in SAS, Python, SQL, or similar.
• Understanding of AML regulations.
• Ability to interpret and communicate complex model behavior to non-technical stakeholders.
• Strong organizational, analytical, and project management skills.
• Demonstrated ability to work independently and collaboratively across teams.

Nice To Haves

• Experience with internally developed and/or vendor-provided models for transaction monitoring or financial crime detection.
• Advanced knowledge of statistical modeling techniques and validation methodologies.

Responsibilities

• Develop, validate, test, document, and implement complex statistical models used to monitor suspicious activity within U.S. Bank customer accounts.
• Take ownership of existing models and support the development of new models designed to identify anomalous transaction activity by Bank customers that is indicative of potential illicit activity.
• Create/develop models.
• Create/review model documentation.
• Conduct periodic performance assessments.
• Tune/calibrate models.
• Ensure models meet regulatory expectations and internal risk standards.
• Clearly communicate model performance, limitations, and findings to stakeholders across compliance, risk, and technology teams.
• Tailor communications to multiple target audiences with the appropriate level of technical detail for each.

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
• Incentive and recognition programs
• Equity stock purchase
• 401(k) contribution and pension

What This Job Offers

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