Quantitative Analyst | Transaction Monitoring Models

At Popular, we offer a wide variety of services and financial solutions to serve our communities in Puerto Rico, United States & Virgin Islands. As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.

Are you ready for a rewarding career?

We have more than 9,000 people working for Popular in Puerto Rico, United States, Virgin Islands and Latin America.

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Job Type

Full time Opportunity, Hybrid from San Juan, PR

General Description

We are seeking a Quantitative Analyst for the Financial Crime Compliance division. The role involves monitoring quantitative models to detect and prevent financial crimes, ensuring regulatory compliance. Key responsibilities include developing, interpreting, and implementing statistical concepts to enhance systems. Candidates will have experience in quantitative analysis, knowledge of financial crime compliance, and statistical modeling. Strong analytical, problem-solving, and communication skills are essential

Essential Duties and Responsibilities

Evaluate and monitor model performance to ensure they remain effective and compliant with regulatory policies.
Proactively identify and implement improvements in processes and modeling, including programming optimizations, to enhance overall efficiency and performance.
Apply statistical theory and methods to collect, organize, interpret, and summarize numerical and text data to provide usable information.
Analyze and interpret data to identify trends, patterns, or anomalies that may indicate financial crimes, utilizing quantitative techniques such as detection models, natural language processing, text matching algorithms, customer classification and clustering, among others, using statistical analysis software programs such as R, SAS, Python, among others.
Makes recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies.
Collaborate with different units to enhance monitoring systems.
Keep updated with industry trends, regulatory changes, and best practices in financial crime prevention.
Prepare detailed reports, presentations, and memos summarizing findings from analyses for management, regulatory bodies, and decision-making processes.
Ensure comprehensive documentation of any developed models, including methodologies, assumptions, and validation processes.

Supervisory Responsibilities:

This Job has no supervisory responsibilities but in special circumstances may lead the work of others.

Education

Bachelor’s degree in economy, Statistics, Mathematics or Biostatistics

Experience

Quantitative discipline with at least three years related experience; or master’s degree (M.A.) in a quantitative discipline or a Master’s in Business Administration (MBA) with at least two years of related experience.

Other Qualifications

Knowledge of one or more of the following software programs: R programming language, Python, Word Processing, Presentations, Spreadsheets, other related software.
Knowledge of BSA, AML, OFAC, CIP and CDD regulations and principles.
Knowledge of accounting principles, applicable laws, regulations and practices, financial markets, financial analysis, and reporting of financial data.
Process large amounts of data for statistical modeling and graphic analysis, using computers.
Fully bilingual, English and Spanish.

Important: The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.

If you have a disability and need assistance with the application process, please contact us asesorialaboral@popular.com. This email inbox is monitored for such types of requests only. All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.

As Puerto Rico’s leading financial institution, we reaffirm our commitment to always offer essential financial services and solutions for our customers, including during emergency situations and/or natural disasters. Popular’s employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.

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Popular is an Equal Opportunity Employer

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