Quantitative Modeler Manager - AML

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. This position is not eligible for visa sponsorship.

Responsibilities

• Partnering with team members in Enterprise Financial Crimes Compliance (EFCC) and the FIU to become familiar with various transaction monitoring applications, approaches and processes.
• Supporting/owning/enhancing existing models
• Driving the full model-development lifecycle, from data exploration to pilot to production level models.
• Creating robust model development documentation specific to U.S. Bank Model Risk Governance standards, and collaborating with Model Risk Validation to address any concerns related to the models throughout the life of the program.
• Ongoing model monitoring in partnership with another FIU team, requiring research and analysis as appropriate based on performance metrics and Below the Line testing efforts.
• Defending modeling approaches/methodologies/design decisions to both internal and external examiners.
• Professional communication skills are crucial as this individual (and their work product) will represent the FIU team to EFCC senior leadership, Model Risk Management, internal audit and quality assurance functions, business partners, and regulators.

Requirements

• Bachelor’s degree in a quantitative field, and 10 or more years of relevant experience
• OR MA/MS in a quantitative field, and six or more years of related experience
• OR PhD in a quantitative field, and five or more years of related experience

Qualifications

• Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS, Python, or similar package
• Advanced data compilation, programming skills and qualitative analysis skills
• Thorough knowledge of the 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

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

Pay

Pay Range: $133,365.00 - $156,900.00

Schedule

This role requires working from a U.S. Bank Location three (