AML Model Analyst I
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About The Position
The Model Management and Optimization team within BSA Operations is primarily responsible for the development and maintenance of all models used for BSA/AML compliance. In addition to continuously improving Customer Risk Management and Transaction Monitoring models, MMO is also responsible for business intelligence functions such as ongoing model performance metrics (effectiveness), customer behavior and transaction channel monitoring, operational forecasting, key performance and risk indicator monitoring, and data integrity control monitoring. MMO develops and maintains user tools for other BSA Operations teams to assist in alert review or KPI tracking. Through these responsibilities, MMO works closely with Information Technology, Model Risk Management, Segment Risk, Internal Audit, product groups, and lines of business. The AML Modeling Analyst I will be expected to maintain, build, and enhance all analytical models for BSA/AML Operations, including continuous improvement and implementation of data mining, machine learning, and other next-generation analytical capabilities. The modeling analyst will be expected to evaluate quantitative approaches and supporting systems to align analytical models with risk and regulatory requirements. Core responsibilities include data mining, analysis, building models, testing, model documentation and implementation. Validate and identify opportunities in streamlining the data, accuracy, and track to resolution. Maintain knowledge and expertise by monitoring white papers, industry developments, and other key knowledge sources.
