AML Quantitative Model Analyst

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 can be located in either Minneapolis, MN, Chicago, IL, Charlotte, NC, Cincinnati, OH or Columbus, OH.

This individual will work within a team of Financial Intelligence Unit (FIU) analysts responsible for supporting the development, production, and ongoing maintenance (including tuning and performance monitoring) of the Bank’s Anti-Money Laundering (AML) Transaction Monitoring systems.

The ideal candidate for this position will be proficient in SAS or SQL and will have some combination of prior experience with BSA / AML monitoring applications, corporate risk / audit functions, reporting and development of supporting professional documentation (development documents, program manuals, model enhancement proposals, etc.).

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.

This individual will have proven capabilities in participation of analytical projects that require communication and coordination with team members and business partners.

Work efforts will include development and maintenance of key reporting to analyze underlying data trends and ongoing performance of various transaction monitoring channels, and related recommendations are used to determine if programs are performing satisfactorily and if existing thresholds are appropriate.

Work efforts may also include development of new transaction monitoring programs (as needed) and results-based analysis on existing transaction monitoring programs used for the purpose of detecting money laundering and terrorist financing.

Professional communication skills are crucial as this individual will represent the FIU Analytics team to senior leadership, Model Risk Management, Corporate Audit Services (CAS), and regulatory and business partners.

Essential Functions :

• Partner with team members in the Enterprise Financial Crimes Compliance group and the Financial Intelligence Unit to become familiar with various transaction monitoring applications, approaches, and processes.
• Ability to interpret data accurately and experience with visualizing data.
• Possess an awareness of financial services related regulatory compliance environments as well as an interest to self-educate on new topics and changing requirements.
• Leverage experience to achieve advanced level knowledge of transaction monitoring related data environments and resources to support and develop analysis of transaction monitoring programs.
• Create professional program / reporting documentation in support of AML Transaction Monitoring and related reporting aligning to established standards.
• Construct and present materials for audiences including but not limited to senior leadership, model risk management, corporate audit, regulatory and business partners.
• Practice timely responses to ad hoc data and on-demand requests.
• Possess the ability to work independently with direction from leadership or senior analysts.
• Demonstrate a strong foundation of experience and continued interest using SQL and SAS across various data sources and environments.
• Utilize advanced computer skills including Microsoft Office suite (Excel, Word, and PowerPoint).

Basic Qualifications

• Bachelor’s degree in a quantitative field, and eight or more years of relevant experience
• MA / MS in a quantitative field, and five or more years of related experience
• PhD in a quantitative field, and four or more years of related experience

Preferred Skills / Experience

• Strong analytical abilities to assess and mitigate risks associated with money laundering, including transaction monitoring and data analysis
• Proficient in SAS and / or SQL or other similar programming with ability to learn SAS / SQL
• Synthesize large volumes of information and translate it into an easy-to-understand format through optimized reporting.
• Provide insights on data issues through ad-hoc analyses and recommendations for process improvements
• Basic knowledge of the quantitative and qualitative risk factors, industry risks, and risk management approaches
• In-depth knowledge of AML laws and regulations, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and international AML standards
• Flexibility to adapt to changing AML landscapes and emerging technologies used for money laundering
• Ability to manage multiple tasks across various timelines
• Strong organizational, problem-solving, negotiation, and project management skills
• Effective interpersonal, verbal and written communication skills

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