Senior Quantitative Analyst

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GENERAL FUNCTION:

Works both independently and within teams to conduct complex data analysis and identify, assess, and mitigate financial crimes risk. Executes policies and procedures to meet the bank's compliance with laws, regulations, and industry standards. Role at this level usually has full ownership for one or more projects and may also be considered subject matter experts.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Banks risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The team member will be responsible for reviewing and optimizing AML transaction monitoring scenarios to increase performance in support of the Bank’s BSA/AML Transaction Monitoring Program. In addition to analysis, the role entails the creation of professional documentation, retention of supporting information related to the analyses/findings, and presentation of findings/recommendations to management. Ancillary responsibilities may include performing ad-hoc analyses and reporting as it relates to optimization efforts. General responsibilities are noted below.

• Provide quantitative support for BSA/AML efforts.
• Possesses strong working knowledge of financial crimes trends and typologies.
• Maintains knowledge of current and emerging issues and risks in the compliance and regulatory environment.
• Meets regulatory and business deadlines.
• Makes appropriate risk decisions related to financial crimes risk.
• Create efficient SAS code that will be utilized to identify customers for further AML investigations and extract related data elements used for follow-on analysis and monitoring development.
• Analyze feedback (quantitative and qualitative) from various partners to ensure the monitoring developed is performing as intended.
• Document development work in detail and provide summaries that shall be presented or provided to audit, internal validation, or other audiences.
• Recommend enhancements, and process improvements to management for targeted monitoring program.
• Communicate all analytical findings to management; make recommendations when identified.
• Assist with the Financial Crimes Compliance ongoing change process based on statistical trend analysis.
• Provide technical support as a liaison with regulators, audit, and law enforcement, as necessary.
• Provide ongoing support to the development and implementation of quantitative and statistical models.
• Responsibility for ad-hoc reporting requests.
• Performs required tasks with minimal supervision.

BANK SECRECY ACT REQUIREMENTS:

Responsible for adhering to the reporting and record keeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank’s customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's college degree (Master’s degree preferred) in quantitative analytics, economics, statistics, engineering, or a related area.
• Minimum 5 years of experience in statistical/econometric modeling and database management.
• Database experience, SAS preferred (including statistical modeling), SQL, Python, R.
• Experience with Microsoft Office products (Word, Excel, PowerPoint, and Outlook).
• Strong verbal and written communication skills.
• Strong analytical skills.
• Ability to present a professional image.
• Ability to work in a team environment.
• Ability to multi-task and to be flexible.

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Senior Quantitative Analyst

LOCATION -- Cincinnati, Ohio 45227

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.