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Quantitative Modeler Manager - AML

U.S. Bank

U.S. Bank

Charlotte, NC, USA
Posted on Tuesday, July 9, 2024

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

U.S. Bank is seeking the full-time position of Quantitative Modeler Manager – AML in Charlotte, NC. Multiple positions available.

Essential Responsibilities:

Lead and work with team members whose primary purpose is to create, test, document, implement, and/or oversee usage of complex statistical models. Specific results focus on documenting the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank. Responsible for oversight of a team whose deliverables include the creation of model development and/or validation documentation including presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures. The role is highly technical and requires significant interaction with regulators (OCC and FRB) along with the ability to explain complex items in a straight forward manner. Work with 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. These systems include the Actimize SAM Security Blanket model as well as multiple targeted monitoring tools developed internally via SAS/SQL. Will develop supporting professional documentation (development documents, program manuals, proposals, PowerPoint presentations, etc.) for all programs that are to be shared with senior leaders, Corporate Audit Services partners and regulatory partners. Work efforts will also include results-based analysis on transaction monitoring programs used for the purpose of detecting money laundering and terrorist financing. This analysis includes Below The Line (BTL) testing, and related recommendations are used to determine if programs are performing satisfactorily and if existing thresholds are appropriate. Will represent, either in person or through various deliverables the FIU Analytics team to management, Corporate Model Risk Management, Corporate Audit Services (CAS), and regulatory and business partners. Specific duties will include: 1) Partner with team members in the Enterprise Financial Crimes Compliance group and the FIU to become familiar with various transaction monitoring applications, approaches, and processes; 2) possess an awareness of financial services related regulatory compliance environments, as well as an interest to self-educate on new topics and changing requirements; 3) leverage experience to achieve advanced level of knowledge of transaction monitoring related data environments and resources in order to support and develop analysis of transaction monitoring programs; 4) create professional program and reporting documentation in support of AML Transaction Monitoring and related reporting aligned to established standards; 5) construct and present materials for audiences including senior leadership, CAS, regulatory, and business partners and 6) practice timely responses to ad hoc data and on-demand requests.

Basic Qualifications:

This position requires a Bachelor’s degree or equivalent in Statistics or Financial Mathematics and 6 years (progressive, post-baccalaureate) experience developing quantitative anti-money laundering (AML) models and analytics. Alternatively, will accept a Master’s degree or equivalent in Statistics or Financial Mathematics and 4 years of experience developing quantitative anti-money laundering (AML) models and analytics.

Required Skills/Experience:

Must also have 24 months of experience with each of the following: 1) Working with Bank Secrecy Act (BSA)/AML monitoring applications including SAS, SQL, Actimize, Python and R. 2) Enhancing analytics capabilities and maintaining knowledge of AML risks and regulations related to AML/Anti-Terrorist Financing (ATF) regulatory expectations. 3) Writing model testing reports for distribution and presentation to senior management, auditors, and bank regulators. 4) Leading AML risk modelling and system parameter validation function to support all designated AML detection/monitoring tools. 5) Assessing the quality of AML models outputs through back-testing and benchmarking against alternative models and algorithms. Will accept experience gained before, during or after Master’s program. Employer will accept experience gained concurrently.

Base pay range may vary if an offer is made for work in a different location. Pay Range: $92,851 - $181,100


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.


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.


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.

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).U.S. Bank accepts applications for this position on an ongoing basis.