What are the responsibilities and job description for the Quantitative Model Analyst 3 position at U.S. Bank?
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Job Description
Has an advanced understanding of applicable laws, regulations, financial services, and regulatory trends that affect their assigned line of business. Position requires limited management direction. Leads and manages all phases of large complex model development, validation, or oversight project from beginning to end. Projects may include data aggregation, model design, model selection, testing, documentation, validation, implementation, and execution. Has a strong statistical modeling background based on technical training or advanced education in a quantitative field. Responsible for training lower level and new staff and may manage or supervise staff as assigned. Typically interact directly with senior managers requiring advanced level of presentation, relationship building and negotiation skills. This position will also have occasional exposure to regulatory agencies. Incumbent is respected across the organization for expertise and is a subject matter expert in one or more areas.
Basic Qualifications
- Bachelor's degree in a quantitative field, and five to eight years of experience in statistical modeling
- OR -
- Master's or PhD degree in a quantitative field, and less than five years of experience in statistical modeling
Preferred Skills/Experience
- Strong understanding of applicable laws, regulations, financial services, and regulatory trends that affect the mortgage business.
- Knowledge of the Mortgage Industry. Specifically, knowledge pertaining to mortgage servicing rights (MSR) valuation, market risk hedging, and current coupon/primary mortgage rate generation.
-Experience modeling or analyzing mortgage prepayments and delinquencies.
- Strong statistical modeling background based on technical training or advanced education in a quantitative field.
- Strong knowledge of various regression techniques (linear, logistic), parametric and non-parametric algorithms, times series techniques (ARIMA, GARCH), and other statistical models, various model validation tests/methodologies, using SAS, R, or similar statistical package.
- Strong data compilation, programming skills and qualitative analysis skills such as Python, VBA, and C .
- Advanced knowledge of quantitative and qualitative risk factors (duration, convexity), industry risks, competition risks, and risk management approaches.
- Demonstrated independence, teamwork, and leadership skills.
- Strong project management skills.
- Excellent written and verbal communication skills.
Benefits:
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers .
EEO is the Law
Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law poster.
E-Verify
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 .
