Sr Quantitative/Modeling Associate - Financial Crimes in Chicago, IL at Key Bank- Corporate

Date Posted: 3/27/2020

Job Snapshot

  • Employee Type:
  • Location:
    Chicago, IL
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Essential Job Functions
  • Individual will perform a broad range of quantitative risk analysis to support the Financial Crimes team within Risk Modeling & Analytics (RM&A), including model development, ongoing monitoring and validation activities primarily related to Office of Foreign Assets Control (OFAC) sanctions lists screening and/or anti-money laundering (AML).
  • Develop/assist with the design and/or testing of in-house and vendor models; includes working on coding theories, inputs, methodologies, processing, ongoing monitoring and periodic tuning.
  • Explore new methods for tuning and/or ensuring satisfactory output from vendor models.
  • Research, compile and evaluate large sets of data to assess quality and determine suitability for model building.
  • Adhere to a strict ongoing monitoring schedule; provide analytical results to Model Owners and assist in evaluating model reliability/performance.
  • Leverage SAS to perform model reconciliation and testing activities.
  • Execute “below-the-line” and synthetic name testing to evaluate threshold settings for alert generation.
  • Write/review documentation to comply with KeyBank model governance standards and regulatory expectations.

Required Qualifications
  • MS/MA in statistics, mathematics, economics, or other quantitative field.
  • 3 to 5 years of experience in model development and/or data analytics, preferably with experience in the financial services industry. Experience within financial crimes, risk, or compliance is preferred.
  • Knowledge of regulatory and industry standards related to AML and OFAC/watchlist screening.
  • Superior programming skills (SQL or C++) and demonstrated experience with SAS, R or other advanced statistical/econometric analysis software.
  • Familiarity with modeling software (SAS EG, SAS EM, Xeno, Model Builder).
  • Proficiency in the use of Microsoft Office with advanced experience in Excel and Access or SQL Server.
  • Prior experience working with AML/OFAC software (e.g., LexisNexis Bridger, FircoSoft, ACI Money Transfer System, Oracle FCCM (aka Mantas), or Actimize AML).
  • Advanced knowledge of statistics/econometrics and excellent analytical ability.
  • Extensive data management skills.
  • Demonstrated skill in effectively communicating (verbal and written) analytical results and experiences to a diverse audience; ability to respond to client questions with clear/effective answers and give cohesive presentations.
  • Exceptional project management and organization skills, ability to support several projects simultaneously to meet strict deadlines.
  • Excellent problem-solving and decision-making abilities
  • Strong interpersonal skills; ability to work well in a team environment.

Preferred Qualifications:
  • Familiarity with KeyBank systems and how to maximize the use of customer and transaction data in these systems.


KeyCorp is an Equal Opportunity and Affirmative Action Employer Min/Fem/Vet/Disabled



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