The Bancorp Bank

  • Quantitative Analyst - BSA/AML

    Job Location US-DE-Wilmington
    Regular Full-Time
  • Overview

    Perform a broad range of quantitative analysis to support he Financial Crimes Risk Management group (FCRM) within the Bancorp.


    1. Communicate modeling concepts and conclusions reached in a clear and concise manner especially to non-quantitative audiences.
    2. Understand and prove the conceptual framework and assumptions of the models. Perform new and ongoing model validation related functions as it relates to the Actimize monitoring system and overall monitoring, tuning and optimization efforts.
    3. Conduct comparative analysis of system data to monitor areas of improvement.
    4. Understand how the models are used in the business decision-making process and interact with BSA/AML system vendors and management to improve modeling capabilities and to develop quantitative reports which support management decision-making.
    5. Work with management and vendors to validate system changes periodically and document impact.
    6. Respond to queries from management, external auditors and regulators related to the adequacy of the models and their uses.
    7. Assess model risks and limitations and devise protocols to mitigate/adjust for those risks and limitations.
    8. Work collaboratively with model risk in the validation process.
    9. Document all aspects of model risk validation process in validation reports.
    10. Perform other related duties as assigned.


    Required Education/Experience:

    • A PhD degree in finance, economics/econometrics, statistics or related quantitative fields preferred. A MS degree with required experience and demonstrated interest in model risk.
    • A minimum of 4 years related financial modeling/model validation experience with experience in the development of testing methodologies and creation of working papers


    Other Required Qualifications:

    • Demonstrated understanding of the statistical and theoretical issues in models used in banking
    • Intermediate knowledge of statistics, mathematics and financial modeling
    • Strong analytical, quantitative and communication skills
    • Working knowledge of SQL, SAS, MATLAB or other advanced statistical software with demonstrated programming proficiency in one or more advanced statistical analysis tools
    • A team player able to work effectively in a team fostered, multi-tasking environment
    • Ability to perform multiple tasks simultaneously to meet strict deadlines
    • Ability to work independently and in collaboration with other team members and external partners
    • Proficient in Microsoft Office suite, e.g. PowerPoint, Word, Outlook, with advanced Excel skills


    "The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability."




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