Senior Model Validation Analyst - Compliance & Financial Crimes (AML, Sanctions and Fair Lending)

This position is an individual contributor role residing within the Bank's Second Line of Defense Risk Management and Compliance organization. Specifically, this position supports the Model Risk Management ("MRM") program at the Bank. The overall MRM program is designed to provide governance and control around impactful institutional models per the Bank's Model Risk Management Policy and Standards, and in adherence to applicable Regulatory Guidance.

The individual in this position works with Model Owners and Developers to validate models related to the Bank's Compliance and Financial Crimes groups, which can include Anti-Money Laundering (AML), Cybersecurity, Economic Sanctions/OFAC, and Fair Lending. The Analyst may also interface with key stakeholders, regulators, and internal auditors to discuss the justification and reasoning behind various validation and review outcomes.

During validation, the Analyst will independently challenge the model's conceptual framework and methodology, data integrity and usage, implementation framework, process/governance, ongoing performance, etc. The Analyst will generate reporting to document and present observations made to model owners and developers for consideration, with any material concerns or weaknesses identified.

Any items that require corrective actions to be taken by the model risk owners with then be tracked by the Analyst to remediation.

-Bachelor's degree in a quantitative field required with at least 8 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

• Self-motivated worker and comfortable working with varying levels of guidance.

• Strong mathematical and statistical modeling or model validation experience.

• Advanced understanding of applicable compliance laws, regulations, financial services, and regulatory trends that affect assigned line of business.

• Prior exposure to validation or development of models across BSA/AML, Cybersecurity, Fair Lending, Economic Sanctions, etc.

• An ability to build strong relationships with stakeholders across multiple levels (e.g., senior leadership, teammates, etc.), with different analytical backgrounds, and various model development/validation experience.

• Working knowledge of various Machine Learning methods, with working knowledge/experience.

• Excellent verbal and written communication skills are a necessity (ability to explain complex ideas in simple, non-technical language).

• Able to perform complex mathematical analysis utilizing various statistical and mathematical methods or techniques including.

• Understanding of foundational theories and methodologies of varying structural complexities, including (but not limited to) multi-layered rule-based algorithms; 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 techniques.

• Ability to challenge either custom built or third-party proprietary vendor models.

• Can independently design and perform analytical tests, generate reporting that clearly articulates validation considerations and outcomes, and/or perform independent research related to usage of advanced quantitative models.

• Can generate other professional-level products such as presentations, memos, etc., in support of day-to-day functions associated with the MRM program.

• Able to retrieve, analyze and interpret data from various sources (internal and external).

• Can aggregate data from various databases to facilitate statistical analyses as part of independent validation.

• Can interpret results from statistical analyses performed and effectively communicate the results, with any associated conclusions, to various stakeholders.

• Able to read, understand, and interpret applicable internal MRM policies and regulatory rules/guidance to confirm compliance.

LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.

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: $119,765.00 - $140,900.00