Quantitative Model Validation Analyst

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.

Try new things, learn new skills and discover what you excel at—all from Day One.

Validates, tests, documents, and oversees usage of complex statistical Treasury Risk and Pre-provision Net Revenue (PPNR) models. Regularly reviews model monitoring reports. The models may cover a variety of products or services, however, most models are used as part of the financial decision making process though regulatory stress testing. Specific results focus on documenting the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank.

Deliverables include the creation of model validation documentation such as: presentations, written validation and annual review reports, and related code reviews, review and closure of issues and findings, etc.

• Bachelor’s degree in a quantitative field, and five or more years of relevant experience
• MA/MS in a quantitative field, and three or more years of related experience
• PhD in a quantitative field, and less than two years of related experience

• Strong statistical modeling or model validation background based on technical training or advanced education in a quantitative field
• Strong knowledge of various regression techniques, times series techniques, parametric and non-parametric models, and other statistical models, various model validation tests/methodologies, using Python, R, SAS, or similar statistical package
• Strong data compilation, coding skills, qualitative analysis skills, and knowledge of SQL
• Advanced knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Demonstrated independence, team work and leadership skills
• Strong project management skills
• Excellent written and verbal communication skills

LOCATION EXPECTATIONS
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This role requires working from a U.S. Bank Location three (3) or more days per week.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

• 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

Review our full benefits available by employment status here.

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. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $ - $

U.S. Bank will consider qualified applicants…