Economic Sanctions Quantitative Model Analyst

About the position

Responsibilities

• Possess an awareness of regulatory and US Bank compliance environments as well as an interest to self-educate on new topics and changing requirements.
• Partner with Economic Sanctions alert adjudication to understand their workflow and to utilize their feedback, where appropriate, to strengthen the quality of OFAC Analytics work product.
• Partner with Business Line (BL) contacts to fully-understand US Bank product offerings, embedded BL compliance functions, and where the Economic Sanctions Data & Analytics team can provide value in terms of risk coverage and mitigation.
• Quickly learn the US Bank sanctions screening systems (including LexisNexis Bridger Insight XG) and become a subject matter expert.
• Support Economic Sanctions Adjudication teams with troubleshooting the application and develop intricate knowledge of the system’s relevant algorithms and configurations.
• Assist in the development, validation and monitoring of machine learning solutions for customer and account screening alert dispositions.
• Lead the development and implementation of new reporting functionality for Economic Sanctions support purposes.
• Create professional program/reporting documentation in support of Economic Sanctions Screening.
• Professional presentation skills for audiences including but not limited to senior leadership, CAS, regulatory and business partners.
• Timely response to ad hoc data requests.
• Advanced computer skills including Microsoft Office suite, Visio, Teradata/Oracle SQL and SAS
• Ability to work independently with high level direction from leadership or senior analysts.
• Provide guidance and coaching to junior analysts.

Requirements

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

OR - 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

• At least 3 years overall performing analytical work.
• Advanced computer skills including Microsoft Office suite, SQL, and SAS (required).
• Excellent interpersonal, verbal and written communication skills.
• Ability to quickly develop subject matter expertise on Economic Sanctions screening platforms, if not already in possession of such.

Nice-to-haves

• Experience supporting Economic Sanctions/OFAC or other compliance related initiatives in a large, complex, highly regulated financial institution.
• Experience with the LexisNexis Bridger Insight XG Sanctions Screening tool.
• Advanced degree in Mathematics, Statistics, Finance, Economics, Engineering, or other quantitatively rigorous discipline.
• Experience using machine learning techniques.
• Experience identifying business requirements for technical projects.
• Considerable knowledge of applicable laws, regulations, financial services, and regulatory trends that impact Enterprise Financial Crimes Compliance.
• Considerable knowledge of Risk/Compliance/Audit competencies
• Must possess business acumen and credibility to help business line(s) proactively identify and address changing workforce needs
• Experience authoring professional documentation and incorporating feedback.
• Experience in an applicable risk management environment
• Applicable professional certifications
• Knowledge of financial and banking products, policies, operations and applicable procedures.
• Strong analytical and research skills, and use of good judgment in decision making and sense of urgency for high priority issues.
• Strong communication and partnering skills for working with both Technology and Business Line partners (facilitating meetings and key conversations, documenting meetings and action items for publication and tracking, driving actions and initiatives).
• Ability to handle multiple priorities and deadlines effectively and efficiently.

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

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