Quantitative Modeling Analyst - AML

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. Job Description The EFCC Financial Intelligence Unit (FIU) is responsible for the collection, analysis, and surveillance of data sources relevant to the identification and investigation of unusual financial transaction activities. FIU also partners with other EFCC teams and Business Lines to create innovative solutions to critical business challenges through advanced analytic techniques. This individual will work in the Strategic Analytics Team (SAT) under the FIU. The Strategic Analytics Team regularly takes on high-profile projects related to emerging risk identification, process automation and optimization, data exploration, regulatory requests, and efficiency improvement opportunities. In addition, the SAT executes ongoing data enrichment and metrics reporting to support our EFCC partners' daily operations. SAT is seeking an RCA Manager with expertise in compliance/risk management, big data analytics, and data management. The candidate will provide data analytics support across FIU and SAT, including data issue remediation, new data source exploration, emerging risk identification, project management, and regulatory exam support. The role involves active engagement with various stakeholders in EFCC, RM&C and Business Lines. Experience in AML monitoring, fraud detection, and data analytics is preferred. The candidate must have the ability to comprehend data from various systems. This includes analyzing data sources, understanding data flow, and utilizing this data knowledge to support emerging risk exploration effectively. The candidate must be proficient in managing project progress within the team, ensuring that timelines and objectives are met. Additionally, they should possess the capability to prepare executive-style materials in collaboration with the team, effectively communicating findings, insights, and recommendations to senior leadership. It is expected that this individual will be highly self-motivated, organized, and an effective manager of time with the ability to handle multiple tasks simultaneously. Technical skill and experience in data analytics, solution creation, SAS/SQL programming are critical to the daily work. This individual will have proven capabilities in analytical projects that require communication and coordination with team members and partners. Specific Responsibilities: · Execute strategies to assemble transaction information across multiple platforms · Conduct data exploration, quantitative research, and data mining to uncover money laundering patterns · Work with external resources and leverage advanced technology to improve detection effectiveness · Present findings, highlight de-risking opportunities and identify risk assessment improvement options to team members, stakeholders, and senior management · Support data analyses within a compliance organization Basic Qualifications 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 Preferred Skills/Experience • Degree in Computer Science, Statistics, Mathematics, Engineering, Economics, or comparable work experience required. Advanced degree preferred. • 10 or more years of experience in an applicable risk management environment • Strong experience in data research and exploration • Strong data handling, interpretive, and problem-solving skills with the ability to process large volumes of transaction-level data. • Strong experience with data warehouses, relational database structures, or a Hadoop framework • The successful candidate must demonstrate a relentless drive and demonstrable ability to achieve high quality results in a creative fashion while working independently • Demonstrated attention to detail, high quality work, and the ability to produce clear, concise work products • Strong verbal and interpersonal communication skills needed to work effectively in a team environment • Ability to collaborate with individuals across business and/or functional lines • Prior experience with development of supporting professional documentation (white papers, program manuals, proposals, PowerPoint presentations, etc.) for all programs to be shared with senior leaders, Corporate Audit Services and regulatory partners • Experience working with Unix platform preferred • Experience with data visualization preferred NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants ( . Benefits: Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours): 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 EEO is the Law U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS ( EEO poster. E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program ( . The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. 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). Pay Range: $129,455.00 - $152,300.00 - $167,530.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

Created: 2024-11-05