Quantitative Analyst - AML Code Control And Internal Validation

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

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. Office locations: Minneapolis, Charlotte, Cincinnati and Columbus.

This position is an individual contributor role residing in the Bank's Enterprise Financial Crime Compliance ("EFCC") organization. This individual will work within a small team of Financial Intelligence Unit ("FIU") analysts on the Design and Execution team who are responsible for quality control of model and tool code. The team plays a central role in the maintenance and improvement of the Bank's Anti-Money Laundering Transaction Monitoring systems. The quality control function includes both a primary role of ensuring accurate implementation of the code's documented intent, as well as identification of conceptual or quantitative challenges in model design.

The ideal candidate for this position will have a keen eye for code review, expertise in developing and refining code review processes, and familiarity with SAS, SQL, and Python. Additionally, the candidate will be expected to provide have strong quantitative data science and/or model development skills. Exceptional candidates will also have prior experience with BSA/AML monitoring applications, project management software such as Jira, and experience in model review or validation.

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. Work efforts will include execution of BAU code reviews including both Code Change approvals and end-to-end Code Reviews of new models, as well as providing guidance on the ongoing improvement of the code base. Additionally, this position will be involved in the design of new processes to support these functions such as development of code repositories, intake processes, and documentation of good coding practices.

Professional communication skills are crucial as this individual will be expected to collaborate closely across the FIU and represent the FIU Analytics team to senior leadership, Model Risk Management, and internal and external auditors.

Essential Functions:

• Conduct comprehensive code reviews for AML Transaction Monitoring models, ensuring adherence to coding standards and identifying areas for improvement.

• Conduct code change reviews in response to business need to ensure the bank's risk apparatus is responsive to design changes.

• Provide actionable feedback to code owners in a constructive manner.

• Collaborate closely across FIU partner teams to enhance code functionality and streamline processes.

• Identify opportunities for ongoing improvement of code review processes to improve the overall effectiveness and efficiency of the team.

• Provide valuable insights and problem-solving expertise in code improvement and centralization initiatives.

• Develop and maintain a strong understanding of industry best practices and regulatory expectations related to AML systems.

• Partner with team members in the Financial Intelligence Unit to become familiar with various transaction monitoring applications, approaches, and processes.

• Possess an awareness of financial services related regulatory compliance environments as well as an interest to self-educate on new topics and changing requirements.

• Construct and present materials for audiences including but not limited to senior leadership, model risk management, corporate audit, regulatory and business partners.

Basic Qualifications

• Bachelor's degree in a quantitative field, and eight or more 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

Preferred Skills/Experience

• Proficient in SAS, SQL, and Python or other similar programming languages

• Significant experience in code review processes

• Strong quantitative skills in data science, statistics, or a similar discipline

• BSA/AML Transaction Monitoring model experience preferred·

• Proficient in Git or similar code repository/version control systems

• Excellent problem-solving skills with a drive for continuous improvement

• Familiarity with Jira or other project management frameworks preferred

• Experience with the development and documentation of formal procedures preferred

• Ability to manage multiple tasks across various timelines

• Strong organizational, problem-solving, and project management skills

• Effective interpersonal, verbal, and written communication skills

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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $95,285.00 - $112,100.00 - $123,310.00

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.