Sr. Validator Quantitative Specialist - McLean, VA or Telecommute

Employer
US Bank
Location
Mclean, VA
Posted
Sep 09, 2021
Closes
Sep 15, 2021
Ref
86358756
Function
Accountant, IT
Hours
Full Time
At US Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. US 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.Job DescriptionThis position supports the US Bank Model Risk Management program by promoting effective governance with the goal to assess risks that may impact the company, including financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.This role provides independent oversight and effective challenge to models the bank relies on for financial decision making. Specifically, this individual is accountable for independently validating the technical and functional soundness for bank-wide compliance models including Anti-Money Laundering, Economics Sanction, Customer Risk Rating, Fair Lending as well as Artificial Intelligence and Machine Learning Models. The analyst assesses model risk through periodic validation and monitoring activities that independently challenge conceptual design/methodology, reference data, processes, and performance. Validation identify corrective actions that promote model risk management process improvements and ensure the timely remediation of identified issues. The role also requires that individual assess the submitted remediation of the aforementioned identified issues.The analyst interfaces with key stakeholders, leadership throughout validation process, regulators (OCC/FED) and internal audit to discuss justification and reasoning behind validation and review findings.Job location is flexible.Basic QualificationsBachelor's degree in a quantitative field, and 10 or more years of experience in statistical modeling, ORMaster's or PhD degree in a quantitative field, and six or more years of experience in statistical modelingPreferred Skills/ExperienceStrong statistical modeling experience in Financial Crime Models (AML, Economics Sanctions and Customer Risk Rating) and Compliance Models (Fair Lending)Prior exposure to validation or development of BSA/AML Models, Fair Lending Models or Artificial Intelligence and Machine Learning ModelsDeep understanding of Machine Learning and NLP is a plusExperience using either SAS, STATA, R, EVIEWS or comparable statistical softwareAbility to build strong relations with stakeholders, business line partners, and colleagues across the bankMust be a self-motivated worker who is comfortable and effective working with varying levels of guidanceExcellent verbal and written communication skills are necessary (ability to explain complex ideas in simple yet precise, non-technical language)Advanced understanding of applicable compliance laws, regulations, financial services, and regulatory trends that affect assigned line of businessDemonstrated independence, teamwork and leadership skillsStrong project management skillsBenefits:Take care of yourself and your family with US Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.Learn all about US Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting /careers .EEO is the LawApplicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law poster.E-VerifyU.S. Bank participates in the US Department of Homeland Security E-Verify program in all facilities located in the United States and certain US territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the US Citizenship and Immigration Services. Learn more about the E-Verify program .Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $109,395.00 - $128,700.00 - $141,570.00

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