Regions Bank BSA/AML Quantitative Modeling Analyst in Birmingham, Alabama

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Job Description:

At Regions, the Quantitative Modeling Analyst is responsible for developing quantitative, analytics, and applications in support of the firm's risk management effort, with limited supervision. Associates in this job family are typically in a corporate function providing support across the entire firm or to multiple business segments, and typically work on moderately complex projects. This position may be assigned to the Finance, Risk Management, or BSA/AML business segments of the bank.

Primary Responsibilities if assigned to Finance or Risk Management Team:

  • Develops various analytical methods and models that assess the market, credit, and/or operational risks of new and existing financial products including sensitivity analyses, stress testing, value-at-risk, scenario testing, and Monte Carlo simulations

  • Participates in the research, design and implementation of new financial products or in the development of trading or hedging strategies

  • Consults with the business segments in researching the development of risk management models for new and existing products

  • Focuses on quantitative finance modeling and may use statistical modeling

Primary Responsibilities if assigned to BSA/AML/OFAC Model Development and Monitoring Team:

  • Partners with OFAC, EDD, CTR, and Monitoring teams to design scenarios/models

  • Improves segmentation for the scenarios/models using techniques such as clustering

  • Executes periodic tuning for the threshold parameters of the scenarios through sample collection

  • Develops post processing models to reduce the amount of false positive generated by the scenarios/models using statistical techniques such as rare event logistic regression and machine learning algorithms

  • Works with IT teams in application development to test and implement models

  • Focuses on statistical modeling

This position is exempt from timekeeping requirements under the Fair Labor Standards act and is not eligible for overtime pay.

Requirements

  • Bachelor’s degree in Statistics, Mathematics, Physics or Quantitative Finance AND four (4) years related experience

  • Statistics and Mathematics degree is more acceptable for the BSA/AML/OFAC Model Development and Monitoring team

  • OR Master’s degree in Statistics, Mathematics, Physics or Quantitative Finance AND two (2) years of experience

Preferences

  • Charted Financial Analyst (CFA)

  • Financial Risk Manager (FRM)

Skills and Competencies

  • Proficiency with SAS, R, SQL and Visual Basic Script within Microsoft Excel

  • Advanced data sourcing and management skills

  • Experience with classification models for the BSA/AML/OFAC Model Development and Monitoring Team

Location:

Birmingham, Alabama

EEO/AA/Minorities/Females/Disabled/Veterans

About Regions

At Regions, our culture focuses on five core values that are a commitment to how we will do business:

  • Put people first

  • Do what is right

  • Focus on your customer

  • Reach higher

  • Enjoy life

Through these values, our mission to make life better drives our desire to improve and make a positive difference in the communities where we work and live through financial investments and volunteering.

EEO/AA/Minorities/Females/Disabled/Veterans