Quantitative Model Analyst 3

About the Role

Reporting to the Enterprise Financial Crimes Compliance Financial Intelligence Unit Monitoring Management & Development team. This position is not eligible for current or future visa sponsorship.

Key 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 by Bank customers that is indicative of potential illicit activity.
• Receive direction from manager and senior analysts, while also working independently on designated subject matter.
• Create/develop models.
• Create/review model documentation.
• Conduct periodic performance assessments.
• Perform tuning/calibration.
• 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 technical detail.

Common Deliverables

• 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 & Tech Stack

• SAS, Python, SQL, or similar programming skills.
• Quantitative field of study.

Qualifications

• Bachelor’s degree in a quantitative field, and five or more years of relevant experience.
• OR Master’s degree (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.

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.
• 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.

Location Expectations

• Requires working from a U.S. Bank Location three (3) or more days per week.