Quantitative Model Analyst 3

About the role

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.

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 indicative of potential illicit activity.
• Receive direction from manager and senior analysts while working independently on designated subject matter.
• Create/develop models, create/review model documentation, conduct periodic performance assessments, tune/calibrate and ensure models meet regulatory expectations and internal risk standards.
• Communicate model performance, limitations, and findings to stakeholders across compliance, risk, and technology teams.
• Tailor communications to multiple target audiences with appropriate level of technical detail.
• Produce deliverables including model development artifacts, model performance assessments, documentation of model implementation and monitoring procedures, business requirements for model integration, ongoing monitoring reports and related code, presentations and written summaries for internal and regulatory audiences.

Requirements

Basic Qualifications: 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.

Qualifications

Preferred Skills/Experience:

• 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.
• 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.

Benefits

Our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. They include:

• 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

Pay

Pay Range: $98,175.00 - $115,500.00

Schedule

This role requires working from a U.S. Bank Location three (3) or more days per week.