Quantitative Model Analyst; Charlotte, NC

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

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U.S. Bank is seeking a full‑time Quantitative Model Analyst (Multiple openings) in Charlotte, NC. The Quantitative Model Analyst develops mathematical and complex statistical models for use in the sound management of the bank’s portfolio as well as regulatory requirements. The models are used in the Treasury department to measure interest rate risk (IRR), valuation of market value of equity (MVE) analysis, net interest income (NII) analysis, Comprehensive Capital Analysis and Review (CCAR) regulatory exercise, and Business As Usual (BAU) activities.

This role is responsible for developing models that adhere to internal development standards and templates for model governance, and to model risk policies and bank Supervision and Regulation Letters including SR 11‑, SR 15‑18, and SR 15‑19.

• Research market and idiosyncratic drivers germane to the portfolio and intended use case
• Create model development and validation documentation including presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures
• Compile and analyze complex datasets using programming and quantitative analysis to support data‑driven decision making (repeated, combined with previous bullet)
• Develop quantitative financial strategies for business development
• Solve quantitative financial challenges through model research, development and validation
• Implement various regression techniques, parametric and non‑parametric algorithms, time‑series techniques, and model validation tests/methodologies using SAS and Python (repeated, combined with previous bullets)
• Communicate models and subsequent impacts to the Treasury department as well as business units outside of Treasury

This position requires a Master’s degree or equivalent in Financial Mathematics, or a related quantitative field and 3 years of experience working with complex statistical models. Alternatively, a Bachelor’s degree or equivalent in Financial Mathematics or a related quantitative field and 5 years of progressive, post‑baccalaureate experience will be accepted.

• 24 months of experience developing quantitative financial strategies for business development
• 24 months of experience compiling and analyzing complex datasets using programming and quantitative analysis to support data‑driven decision making
• 24 months of experience solving quantitative financial challenges through model research, development and validation
• 24 months of experience creating model development and validation documentation including presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures
• 24 months of experience implementing various regression techniques, parametric and non‑parametric algorithms, time‑series techniques, and model validation tests/methodologies using SAS and Python (experience gained before, during, or after a Master’s program is acceptable)

Base pay range may vary if an offer is made for work in a different location. Pay Range: $78,270 - $123,000.

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short‑term and long‑term disability
• Pregnancy disability and parental leave
• 401(k) and employer‑funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.