This position is within the Model Risk Management Division and supports US bank Model Risk Management program by promote 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 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.
Basic Qualifications - Bachelor's degree in a quantitative field, and five to eight years of experience in statistical modeling OR - Master's or PhD degree in a quantitative field, and less than five years of experience in statistical modeling
- Ph.D. Degree in quantitative discipline. - Strong statistical modeling experience in Financial Crime Models (AML, Economics Sanctions and Customer Risk Rating) and Compliance Models (Fair Lending). - 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 BSA/AML Models, Fair Lending Models or Artificial Intelligence and Machine Learning Models. - Ability to build strong relations with stakeholders, business line partners, and colleagues across the bank. - Deep understanding of Machine Learning and NLP. - Demonstrated independence, team work and leadership skills. - Strong project management skills.
Primary Location: North Carolina-NC-Charlotte Work Locations: Job: Risk/Compliance/QC/Audit/Fraud Organization: U.S. Bank. Shift: 1st - Daytime
Internal Number: 6593238
About U.S. Bancorp
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