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

This senior position will oversee assessment, design, development, and documentation of the AML/BSA- transaction monitoring program for the Enterprise Financial Crimes Compliance (EFCC) Financial Intelligence Unit (FIU). Beyond the creation and support of models to effectively detect potentially suspicious activity, a key criterion of success within this role is the ability to meet the standards of internal testing, audit reviews, and regulatory exams; the Monitoring Management & Development team must compile compelling evidence to demonstrate the effectiveness of each model, data completeness and quality, and technological concepts employed by the FIU. The candidate must have proven subject matter expertise in financial products and services as well as AML analytics and modeling. The individual should be technologically confident and familiar with model risk management principles.

This position will lead a team responsible for the creation and execution of U.S. Bank’s systemic transaction monitoring program, including managing the lifecycle of new models required to mitigate risks of high-risk products, customers, and transaction channels. The chosen candidate will be a highly visible leader who will help shape the vision and strategy around next-generation monitoring. An executive presence, excellent communication, hands-on leadership, and influencing skills are essential to success in this role.

ESSENTIAL FUNCTIONS

Manage and coach a team of Quantitative Analysts responsible for development and continuous improvement of all AML transaction monitoring models.  Work with partners to identify new and emerging AML threats, and nimbly adapt U.S. Bank’s monitoring practices.Define data requirements and ensure data appropriateness for effective modeling.Manage communication and responses to internal audit, validation, and outside government agency partners in explaining modeling processes supporting AML functions.Lead efforts to thoroughly satisfy and document all programmatic efforts to ensure that U.S. Bank meets OCC 2011-12 expectations and internal Model Validation standards.Collaborate with Risk and Business Line partners to evaluate the risks of new products, services, and portfolios, and design risk-based transaction monitoring solutions.Ensure the team is working continually to implement new processes or techniques to improve programs to be as efficient as possible while effectively mitigating risk.Explore ML/AI techniques to enhance process efficiency.Deliver presentations on key projects and emerging risks to senior leaders and regulatory stakeholders.

Basic Qualifications

Bachelor’s degree in a relevant field15 years of experience in an applicable risk management environment, financial modeling, data science or relevant field

Preferred Qualifications

Educational Background and Experience:

Advanced technical degree including Master or PhD in a quantitative discipline (e.g., economics, statistics, mathematics, engineering, computer science)10 or more years of relevant experience in an AML/BSA analytical environmentKnowledge of financial services environment and banking products, policies, operations, and applicable procedures

Technical Skills:

Subject matter expertise and significant development experience using SQL, SAS, Python or RFamiliar with standard AML transaction monitoring vendor solutions such as NICE Actimize, Oracle Mantas and/or SAS AMLAdvanced data compilation, programming skills and qualitative analysis skillsExperience with cloud-based tools and infrastructure (Azure or AWS)Hands-on experience with generative AI and a working knowledge of its applications

Analytical and Problem-Solving Skills:

Skilled in detecting, remediating, and preventing data quality issuesExperience in statistics, numerical methods, optimization, and operations combined with extensive experience within the financial services sectorUnderstanding of standard statistical methods for the identification of outlier events; linear or logistic regression; natural language processing (NLP), and machine learning methods such as random forest, gradient boosting techniques, or other ensemble techniquesIn-depth understanding of data lineage concepts and ability to communicate data modeling needs to technical partnersAbility to lead complex analyses and formulate practical solutions; exceptional problem-solving skills

Communication and Presentation Skills:

Expert level experience in presenting confidently to senior executives and regulatorsExperience working with internal audit or outside examiners explaining models/processes that support AML functions; ability to explain complex items in a straightforward mannerExcellent interpersonal, verbal, and written communication skills; prioritizes relationship development and ability to create an inviting, supportive working environment

Leadership and Management Skills:

Demonstrated ability in managing a team of postgraduate employees in quantitative/analytical development areasOrganizational and time-management skills; ability to deliver day-to-day commitments and complex projects on time and within budget

Regulatory Knowledge:

Knowledge of OCC and FRB standards associated with model development and validation, including data quality expectations

Judgment and Decision-Making:

Strong analytical and research skills, and use of good judgment in decision making and sense of urgency for high priority issuesDemonstrated ability to determine innovative solutions to mitigate risk while supporting business growth

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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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: $170,255.00 - $200,300.00

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.

Posting may be closed earlier due to high volume of applicants.