Quantitative Model 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.

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Job Description U.S. Bank is seeking the position of Quantitative Model Analyst in Cupertino, California.

Essential Responsibilities:

The Quantitative Model Analyst is responsible for the validation and independent review of financial and risk models used in business decision-making, including credit risk and other related quantitative and statistical models supporting banking products and services. The position evaluates model conceptual soundness, performance, implementation, and ongoing monitoring to ensure alignment with business and risk management requirements. It reviews model assumptions, methodologies, and results, and assesses data integrity and overall model effectiveness.

The position conducts periodic validation and revalidation across multiple financial model types and portfolios using quantitative and statistical tools, and identifies model limitations, performance issues, and risk exposures. It documents findings, conclusions, and recommendations, and communicates validation results and risk assessments to model owners, business stakeholders, and management, including escalation of issues and tracking of remediation actions. The role prepares formal validation reports and supporting documentation in accordance with internal governance and regulatory requirements, and participates in model governance activities while contributing to enhancements of validation processes, documentation standards, and related controls.

Position may allow working from home within a commuting distance from worksite location.  Multiple Positions.

Basic Qualifications:

Requires a Master’s degree in Statistics or Mathematics plus 1 year of experience as a Quantitative Model Analyst or related. Required Skills/

Experience:

Must possess 1 year of experience with all of the following: development, implementation, and analysis of financial and risk models within a regulated financial environment at a commercial bank; development and maintenance of credit risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD); statistical and financial analysis using regression analysis, time series analysis, scenario analysis, and model performance testing in support of credit risk and capital planning activities;

support of regulatory and internal financial reporting processes, including CCAR and CECL stress testing; analysis of portfolio performance and economic data across commercial and consumer lending products; preparation of model governance, validation support, and regulatory documentation; evaluation of model assumptions, methodologies, and results; identification of model risks and limitations; support of model monitoring and remediation activities with model owners and model risk management;

documentation of model development and governance activities in formal reports; use of programming and analytical tools, including Python, SQL, and SAS; and use of reporting tools Tableau and Power BI in large-scale data environments. Position may allow working from home within a commuting distance from worksite location.

Base pay range may vary if an offer is made for work in a different location. Pay Range: $97,677.00 - $ (#LI-NDI…