Quantitative Model Development Analyst

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**

U.S. Bank is seeking a talented quantitative analyst for modeling credit risk on retail exposures (e.g., residential mortgage, home equity, credit cards, auto, and small business) for the purposes of stress testing (CCAR) and Current Expected Credit Losses (CECL).

In this role, you will contribute to the success of the Bank's credit loss forecasting initiatives by:

Developing statistical models to predict defaults, prepayments, loss-given-default (LGD), and exposure-at-default (EAD);

Performing data analysis and collaborating with stakeholders throughout the model development process to inform decision making;

Communicating technical results to independent validators, auditors, and regulators;

Preparing high-quality deliverables such as model development documentation and implementation materials while meeting established deadlines; and

Advancing processes and procedures to ensure 'best practice' model development techniques.

**Basic Qualifications**

- Bachelor's degree in a quantitative field, and eight or more years of relevant experience;

OR

**- MA/MS in a quantitative field, and five or more years of related experience;**

**OR**

**- PhD in a quantitative field, and four or more years of related experience.**

**Preferred Skills/Experience**

MA/MS or PhD in Statistics, Economics, Finance, Mathematics, or related quantitative field highly preferred;

Expertise in various statistical methods including regression techniques, time-series techniques, and parametric/non-parametric algorithms;

Thorough data compilation and coding skills in SAS, Python, R, or similar statistical package;

Subject matter knowledge of quantitative and qualitative risk factors, industry risks, and risk management approaches;

Strong analytical, organizational, problem-solving, negotiation, and project management skills;

Demonstrated independence, teamwork, and leadership skills; and

Effective interpersonal, verbal, and written communication skills.

INDMO

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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 ([ Link removed ] - Click here to apply to Quantitative Model Development Analyst .

**Learn how** the way we work at U.S. Bank ([ Link removed ] - Click here to apply to Quantitative Model Development Analyst drives meaningful relationships with our customers and collaboration across the company.

**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 careers.usbank.com ([ Link removed ] - Click here to apply to Quantitative Model Development Analyst .

**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 (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) 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 ([ Link removed ] - Click here to apply to Quantitative Model Development Analyst .

Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Incentive opportunities are available for eligible positions. Pay Range: $117,215.00 - $137,900.00 - $151,690.00

Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.

U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.

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.

Salary : $117,215 - $137,900