Senior Model Validation Analyst – Compliance & Financial Crimes (AML, Sanctions and Fair Lending)

About the role

This position is an individual contributor role residing within the Bank’s Second Line of Defense Risk Management and Compliance organization. Specifically, this position supports the Model Risk Management (“MRM”) program at the Bank.

Responsibilities

• Supports the MRM program by providing governance and control around impactful institutional models per the Bank’s Model Risk Management Policy and Standards, and in adherence to applicable Regulatory Guidance.
• Works with Model Owners and Developers to validate models related to the Bank's Compliance and Financial Crimes groups, which can include Anti-Money Laundering (AML), Cybersecurity, Economic Sanctions/OFAC, and Fair Lending.
• Interacts with key stakeholders, regulators, and internal auditors to discuss the justification and reasoning behind various validation and review outcomes.
• Independently challenges the model’s conceptual framework and methodology, data integrity and usage, implementation framework, process/governance, ongoing performance, etc.
• Generates reporting to document and present observations made to model owners and developers for consideration, with any material concerns or weaknesses identified.
• Tracks any corrective actions required by model risk owners for remediation.

Requirements

• Bachelor’s degree in a quantitative field required 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.
• Self-motivated worker and comfortable working with varying levels of guidance.
• Strong mathematical and statistical modeling or model validation experience.
• Advanced understanding of applicable compliance laws, regulations, financial services, and regulatory trends that affect assigned line of business.
• Prior exposure to validation or development of models across BSA/AML, Cybersecurity, Fair Lending, Economic Sanctions, etc.
• Ability to build strong relationships with stakeholders across multiple levels (e.g., senior leadership, teammates, etc.), with different analytical backgrounds, and various model development/validation experience.
• Working knowledge of various Machine Learning methods, with working knowledge/experience.
• Excellent verbal and written communication skills are a necessity (ability to explain complex ideas in simple, non-technical language).
• Able to perform complex mathematical analysis utilizing various statistical and mathematical methods or techniques including.
• Understanding of foundational theories and methodologies of varying structural complexities, including (but not limited to) multi-layered rule-based algorithms; standard statistical methods for the identification of outlier events; linear or logistic regression; natural language processing (NLP), and machine learning methods such as random forest, gradient boosting techniques, or other ensemble techniques.
• Ability to challenge either custom built or third-party proprietary vendor models.
• Can independently design and perform analytical tests, generate reporting that clearly articulates validation considerations and outcomes, and/or perform independent research related to usage of advanced quantitative models.
• Can generate other professional-level products such as presentations, memos, etc., in support of day-to-day functions associated with the MRM program.
• Able to retrieve, analyze and interpret data from various sources (internal and external).
• Can aggregate data from various databases to facilitate statistical analyses as part of independent validation.
• Can interpret results from statistical analyses performed and effectively communicate the results, with any associated conclusions, to various stakeholders.
• Able to read, understand, and interpret applicable internal MRM policies and regulatory rules/guidance to confirm compliance.

Qualifications

• Self-motivated worker and comfortable working with varying levels of guidance.
• Strong mathematical and statistical modeling or model validation experience.
• Advanced understanding of applicable compliance laws, regulations, financial services, and regulatory trends that affect assigned line of business.
• Prior exposure to validation or development of models across BSA/AML, Cybersecurity, Fair Lending, Economic Sanctions, etc.
• Excellent verbal and written communication skills are a necessity (ability to explain complex ideas in simple, non-technical language).
• Able to perform complex mathematical analysis utilizing various statistical and mathematical methods or techniques including.
• Understanding of foundational theories and methodologies of varying structural complexities, including (but not limited to) multi-layered rule-based algorithms; standard statistical methods for the identification of outlier events; linear or logistic regression; natural language processing (NLP), and machine learning methods such as random forest, gradient boosting techniques, or other ensemble techniques.
• Ability to challenge either custom built or third-party proprietary vendor models.
• Can independently design and perform analytical tests, generate reporting that clearly articulates validation considerations and outcomes, and/or perform independent research related to usage of advanced quantitative models.
• Can generate other professional-level products such as presentations, memos, etc., in support of day-to-day functions associated with the MRM program.
• Able to retrieve, analyze and interpret data from various sources (internal and external).
• Can aggregate data from various databases to facilitate statistical analyses as part of independent validation.
• Can interpret results from statistical analyses performed and effectively communicate the results, with any associated conclusions, to various stakeholders.
• Able to read, understand, and interpret applicable internal MRM policies and regulatory rules/guidance to confirm compliance.

Skills

• Self-motivated worker and comfortable working with varying levels of guidance.
• Strong mathematical and statistical modeling or model validation experience.
• Advanced understanding of applicable compliance laws, regulations, financial services, and regulatory trends that affect assigned line of business.
• Prior exposure to validation or development of models across BSA/AML, Cybersecurity, Fair Lending, Economic Sanctions, etc.
• Excellent verbal and written communication skills are a necessity (ability to explain complex ideas in simple, non-technical language).
• Able to perform complex mathematical analysis utilizing various statistical and mathematical methods or techniques including.
• Understanding of foundational theories and methodologies of varying structural complexities, including (but not limited to) multi-layered rule-based algorithms; standard statistical methods for the identification of outlier events; linear or logistic regression; natural language processing (NLP), and machine learning methods such as random forest, gradient boosting techniques, or other ensemble techniques.
• Ability to challenge either custom built or third-party proprietary vendor models.
• Can independently design and perform analytical tests, generate reporting that clearly articulates validation considerations and outcomes, and/or perform independent research related to usage of advanced quantitative models.
• Can generate other professional-level products such as presentations, memos, etc., in support of day-to-day functions associated with the MRM program.
• Able to retrieve, analyze and interpret data from various sources (internal and external).
• Can aggregate data from various databases to facilitate statistical analyses as part of independent validation.
• Can interpret results from statistical analyses performed and effectively communicate the results, with any associated conclusions, to various stakeholders.
• Able to read, understand, and interpret applicable internal MRM policies and regulatory rules/guidance to confirm compliance.

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 Range

$119,765.00 - $140,900.00

Schedule

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

Location Expectations

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

Equal Opportunity Employer

We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.