Sr. Quantitative/Modeling Associate - AML/Fraud in Chicago, IL at Key Bank- Corporate

Date Posted: 8/5/2019

Job Snapshot

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 anti-money laundering (AML) and/or fraud.
  • Develop/assist with the design and building of AML and fraud models; includes working on coding, methodologies, testing, 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.
  • Execute “below-the-line” 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, preferably with experience in the financial services industry. Experience within financial crimes, risk, or compliance is a plus.
  • Superior programming skills (SQL or C++) and demonstrated experience with SAS, R, Matlab 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 SQL Server.
  • Prior experience working with AML/OFAC software such as Oracle FCCM (aka Mantas), Actimize AML, LexisNexis Bridger, etc.
  • 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.
  • Prior experience working with AML software including Oracle Financial Crime and Compliance Management (fka Mantas) or Actimize AML, or with fraud applications, such as LexisNexis FraudPoint, FICO Falcon, TSYS CardGaurd, or Actimize solutions.
  • One or more years of experience in AML/OFAC or fraud modeling, or a similar area.
  • Knowledge of regulatory and industry standards impacting financial fraud detection, analytics, trends, and programs.


FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

36970BR

CHECK OUT OUR SIMILAR JOBS

  1. BSA Jobs
  2. Compliance Officer Jobs

Not Ready to Apply?

Joining our Talent Network will enhance your job search and application process. Whether you choose to apply or just leave your information, we look forward to staying connected with you.

At Key, we’re committed to diversity and inclusion in all we do. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by email.