Quantitative Modeling Analyst - AML

About the role

This individual contributor position is within the Bank’s Enterprise Financial Crime Compliance (EFCC) organization. The role involves joining a team of Financial Intelligence Unit (FIU) quantitative analysts responsible for the ongoing monitoring, testing, analytical review, and governance of AML Transaction Monitoring models. The individual will partner closely with model owners, Model Risk Management, internal and external auditors, and senior leadership to evaluate model behavior, identify emerging risks, and support enhancements to AML monitoring capabilities across the enterprise.

Responsibilities

• Conduct in-depth analytical research into model performance and behavior changes, including investigation of shifts in alert volumes, customer populations, and transaction patterns to identify underlying drivers and assess potential model impacts.
• Execute and document periodic testing and performance reviews in alignment with regulatory expectations and internal risk standards.
• Review and challenge model behavior, limitations, and assumptions; identify potential control gaps and recommend remediation actions.
• Conduct comprehensive code reviews and code change assessments for AML Transaction Monitoring models to ensure alignment with documented intent, coding standards, and regulatory requirements.
• Provide clear, constructive feedback to model and code owners, supporting effective issue resolution and continuous improvement.
• Assess model threshold and sampling soundness through Below-the-Line (BTL) reviews and support ongoing calibration decisions.
• Prepare and present materials for audiences including senior leadership, Model Risk Management, Corporate Audit, and regulatory partners.
• Perform ongoing monitoring and performance assessments of AML Transaction Monitoring models, conduct code reviews, execute below-the-line testing of model thresholds, and perform detailed analytical research to understand model behavior changes and emerging trends.

Requirements

• Bachelor’s degree in a quantitative field with at least 8 years of relevant experience, OR MA/MS in a quantitative field and five or more years of related experience, OR PhD in a quantitative field and four or more years of related experience.
• This position is not eligible for current or future visa sponsorship.
• This role requires working from a U.S. Bank location three (3) or more days per week.

Skills

• Demonstrated ability to analyze complex datasets, conduct statistical assessments and exploratory research, and translate findings into actionable insights regarding model behavior, performance trends, and emerging financial crime risks.
• Strong understanding of quantitative modeling concepts, including model drivers, segmentation strategies, threshold optimization, performance monitoring, and root cause analysis.
• Experience working with quantitative models, analytics, or monitoring frameworks in a regulated environment.
• Proficiency in SAS, SQL, and Python for data analysis, testing, and automation.
• Strong analytical skills with attention to detail and the ability to evaluate complex model behavior.
• Experience supporting AML/BSA Transaction Monitoring systems or financial crime detection tools.
• Understanding of AML best practices and regulatory expectations.
• Ability to work independently while managing multiple priorities in a fast-paced environment.
• Strong written and verbal communication skills, with the ability to tailor technical depth to the target audience (e.g., model owners, Model Risk Management, auditors, regulators, and senior leadership).
• Self-directed problem solver who identifies gaps and resolves issues independently.

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

The salary range for this role is $111,605.00 - $131,300.00, based on the primary location. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, 401(k) contribution, and pension (all benefits are subject to eligibility requirements).

Location Expectations

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