Quantitative Analyst I

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GENERAL FUNCTION: The Quantitative Analyst I is responsible for routine operational or tactical quantitative work. Day to day actions are focused on administering defined procedures, analyses and report preparation. Individual will have their work thoroughly reviewed and checked by more senior incumbents and will have limited contact outside their immediate area. Roles at this level are often filled by recent University / College graduates with little or no professional experience, but with relevant skills. This level includes individuals joining the firm on a University / College graduate training program.

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 Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

The incumbent will assist the Senior Quantitative Analytics Manager with leading the efforts to develop analytics, which includes providing monitoring and surveillance leads, utilizing sophisticated quantitative approaches to minimize false positives/negatives, and focusing on entities for financial crimes investigation.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Provide quantitative support for BSA/AML efforts.
• Create efficient SAS code that will be utilized to identify customers for further Anti Money Laundering (AML) investigations and extract related data elements used for follow-on analysis and monitoring development.
• Identifies trends of potential money laundering and terrorist financing activity utilizing technical data analysis and statistical interpretation.
• Meets regulatory and business deadlines.
• Makes appropriate risk decisions related to financial crimes risk.
• Writes accurate and complete reports that are supported by facts.
• Conduct outcome analysis to evaluate tool performance based on standards set by the Financial Intelligence Unit (FIU).
• Analyze feedback (quantitative and qualitative) from various partners to ensure tools are optimal in performance.
• Refines controls that identify potentially suspicious activity, which includes testing to identify, measure, and validate statistical thresholds.
• Recommends enhancements, and process improvements to management for targeted monitoring program and other surveillance controls.
• Communicates all analytical findings to management; make recommendations when identified.
• Provide technical support as a liaison with regulators, audit, and law enforcement as necessary.
• Other projects/tasks as assigned by Financial Crimes Intelligence Manager

SUPERVISORY RESPONSIBILITIES: None

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's college degree (Master’s degree preferred) in quantitative analytics, economics, statistics, mathematics, engineering, finance, or a related field.
• Has experience using SAS, SQL languages, or similar programming language.
• Strong verbal and written communication skills is required.
• Experience with Microsoft Office products, such as Word, Excel, PowerPoint and Outlook is preferred.
• Must be able to demonstrate sound judgment and apply logical and critical thought processes when developing solutions or recommendations.
• Previous experience with statistical/econometric or financial modeling that worked with large data sets is preferred.
• 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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“This position is not available for immigration sponsorship” 

Quantitative Analyst ILOCATION -- 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.