Sr Quantitative Finance Analyst - Global Financial Crimes Modeling and Analytics Team
Charlotte, North Carolina;Chicago, Illinois; Atlanta, Georgia
Job Description:
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Overview of Team:
As a part of Global Risk Analytics, Global Financial Crimes Modeling and Analytics is responsible for enterprise-wide financial crime model development and implementation, ongoing performance monitoring and optimization, data usage, and research and development utilizing advanced analytical tools and systems. The Global Financial Crimes Modeling and Analytics team is made up of seven sub-teams:
- Financial Crime Model Development responsible for development and maintenance of all AML Feeder models as per acceptable model risk practices and defined performance parameters to meet firm's AML Risk Coverage, while maintaining operational viability.
- Ongoing Model Performance Monitoring & Review is responsible for periodically substantiating the ongoing fitness of financial crime models in accordance with a model's approved Ongoing Monitoring Plan (-OMP-). Ongoing Model Monitoring Reports (-OMRs-) assess environmental changes, model limitations, assumptions, process verification and outcomes analysis for each model. OMRs summarize trends in key metrics and provide critical analysis of model performance with respect to metric thresholds; identify threshold breaches and document remediation plans. In addition, the ongoing monitoring process includes the inline monitoring activities performed between reporting cycles, the results of those activities, and any escalations during the period.
- Economic Sanctions responsible for development and maintenance for Economic Sanction models. Provides capabilities to better solve data analytical problems in risk management, identify new business insights and opportunities from data, and enhance the firm's risk management tools.
- Engineering, Data & Analytics, Model Implementation, Event Processor Model Development is responsible for designing end-to-end data and process flows for model development, testing, and execution, including architecture setup; delivering model code to technology teams for production releases; developing models (Event Processor), analytics (Event Processor Performance Analysis, Transaction Monitoring Analysis) and tools (FinCAP) to enhance risk metrics and facilitate what-if/explain scenario analysis.
- Program Management & Regulatory is responsible for overseeing cross-functional initiatives and providing project management support to deliver timely execution of GFCMA's book of work, strategic initiatives, and critical activities in support of regulatory and audit deliverables.
- Business Management & Control is responsible for Strategy, Governance Oversight and Control, Resource Management, Process Excellence, Issue Management and COO function
- Administration provides administrative and organizational support to the GFCMA executive and leadership team.
As a Sr Quantitative Finance Analyst on the Global Financial Crimes Modeling and Analytics team, your main responsibilities will involve:
- Responsible for independently conducting quantitative analytics and modeling projects.
- Responsible for analytic processes, enhancing model performance monitoring & reporting framework or systems approaches.
- Creates documentation for all activities and works with Technology staff in design of any system to run models developed and key downstream reports.
- Supports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization
- Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on modeldevelopment/validation
- Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
- Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches ofdevelopment/validationprojects and identify areas of potential risk
- Works closely with model stakeholders and senior management with regard to communication of submission, validation outcomes & ongoing model performance monitoring.
- Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches
Skills:
- Critical Thinking
- Quantitative Development
- Risk Analytics
- Risk Modeling
- Technical Documentation
- Adaptability
- Collaboration
- Problem Solving
- Risk Management
- Test Engineering
- Data Modeling
- Data and Trend Analysis
- Process Performance Measurement
- Research
- Written Communications
Minimum Education Requirement:
Master's in related field or equivalent work experience
Qualifications:
- 5 years of experience in model development, statistical work, data analytics or quantitative research, or PhD
- Effectively creates a compelling story using data; Able to make recommendations and articulate conclusions supported by data
- Strong Programming skills e.g., R, Python, SAS, SQL, R or other languages
Desired Skills and Experience:
- Experience with complex data architecture, including modeling and data science tools and libraries, data warehouses, and machine learning
- Knowledge of predictive modeling, statistical sampling, optimization, machine learning and artificial intelligence techniques
- Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis
- Experience designing, developing, and applying scalable Machine Learning and Artificial Intelligence solutions
- Experience with data analytics tools (e.g., Alteryx, Tableau)
- Demonstrated ability to drive action and sustain momentum to achieve results
- Experience with engineering complex, multifaceted processes that span across teams; Able to document process steps, inputs, outputs, requirements, identify gaps and improve workflow
- Sees the broader picture and able to identify new methods for doing things
- Experience with LaTex
Job Description:
This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.
Responsibilities:
Leads the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization
Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on modeldevelopment/validation
Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite & GFCMA key deliverables
Leads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches ofdevelopment/validationprojects and identify areas of potential risk
Works closely with model stakeholders and senior management with regard to communication model performance outcomes and analysis
Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches
Skills:
Critical Thinking
Quantitative Development
Risk Analytics
Risk Modeling
Technical Documentation
Adaptability
Collaboration
Problem Solving
Risk Management
Test Engineering
Data Modeling
Data and Trend Analysis
Process Performance Measurement
Research
Written Communications
Minimum Education Requirement: Master's degree in related field or equivalent work experience
Shift:
1st shift (United States of America)
Hours Per Week:
40
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