Quantitative Modeler Manager - AML
About The Position
The Quantitative Modeler Manager works with Financial Intelligence Unit (FIU) analysts to support the development, production, and ongoing maintenance of U.S. Bank’s Anti-Money Laundering (AML) transaction monitoring systems. These include the Actimize SAM Security Blanket model and internally developed targeted monitoring models using SAS, SQL, and Python. The role supports and enhances existing models and drives the full model-development lifecycle, from data exploration through pilot and production models. The position also helps advance the AML monitoring program toward more sophisticated anomaly detection systems and requires expertise in machine-learning modeling approaches. The manager prepares model-development documentation consistent with U.S. Bank Model Risk Governance standards, partners with Model Risk Validation, monitors model performance, and explains and defends modeling approaches to internal and external reviewers, examiners, and other audiences. The role requires collaboration with EFCC, FIU teams, senior leadership, Model Risk Management, audit and quality assurance functions, business partners, and regulators. This role requires working from a U.S. Bank location three or more days per week. It is not eligible for visa sponsorship.
Requirements
- Bachelor’s degree in a quantitative field and 10 or more years of relevant experience; or a master’s degree in a quantitative field and six or more years of related experience; or a Ph.D. in a quantitative field and five or more years of related experience.
- Prior experience developing BSA/AML monitoring applications and related professional documentation.
- Expertise in true machine-learning modeling approaches.
- Ability to manage multiple priorities and drive analytical projects requiring communication and coordination with team members and stakeholders.
- Strong professional communication skills and ability to explain complex concepts to audiences at varying levels.
- Work from a U.S. Bank location three or more days per week.
Nice To Haves
- Extensive knowledge of regression techniques, parametric and non-parametric algorithms, time-series techniques, other statistical models, model-validation tests and methodologies, and tools such as SAS or Python.
- Advanced data compilation, programming, and qualitative analysis skills.
- Thorough knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk-management approaches.
- Thorough knowledge of applicable regulatory rules, guidance, or supervisory letters.
- In-depth knowledge of bank products and services.
- Demonstrated independence, teamwork, and leadership skills.
- Strong analytical, organizational, problem-solving, negotiation, and project-management skills.
- Excellent interpersonal, verbal, and written communication skills.
Responsibilities
- Partner with Enterprise Financial Crimes Compliance (EFCC) and Financial Intelligence Unit (FIU) team members to learn transaction monitoring applications, approaches, and processes.
- Support, own, and enhance existing transaction monitoring models.
- Drive the full model-development lifecycle, from data exploration to pilot and production-level models.
- Create model-development documentation consistent with U.S. Bank Model Risk Governance standards.
- Collaborate with Model Risk Validation and address concerns related to models throughout the program.
- Conduct ongoing model monitoring with another FIU team, including research and analysis based on performance metrics and Below the Line testing.
- Defend modeling approaches, methodologies, and design decisions to internal and external examiners.
- Communicate complex concepts and represent the FIU team and its work product to senior leadership, Model Risk Management, internal audit and quality assurance functions, business partners, and regulators.
Benefits
- Healthcare (medical, dental, and 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 of 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 hours 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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
