Model Maker jobs in Saint Paul, MN

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.

Job Description

The Model Risk Governance (MRG) group is responsible for designing, implementing, maintaining and enforcing the Model Risk Management program within the Bank. This includes design and execution of policies, standards, and internal procedures for all phases of model life cycle from identification and inventorying to implementation, maintenance, and retirement. MRG provides oversight of model development, Validation and reports on the Bank’s overall model risk. The responsibilities of this Quantitative Model Analyst include:

• Model use identification, model inventory management and model risk rating
• Collaborate with business lines, model owners, and model validation to ensure Model Risk Management program requirements are communicated and understood
• Assess model documentation, including development, monitoring, and implementation documentation, for completeness against program standards and templates
• Regularly work with model owners and monitor existing models to ensure compliance with Model Risk Management program requirements
• Regularly meet with the model owners and validators to discuss new models, model changes, redevelopments or retirements, and current model issues
• Align risk and control processes into day-to-day responsibilities to monitor and mitigate risk and escalate appropriately
• Thinking critically about continuous process improvements

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

• Experience in modeling within the financial services industry
• Advanced knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, machine learning algorithms and other statistical models, various model validation tests/methodologies, using SAS or similar statistical packages
• Advanced knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Strong modeling experience in Artificial Intelligence and Machine Learning is highly desirable
• Excellent interpersonal skills and the ability to work independently

• Familiar with regulatory requirements in terms if model risk management (SR 11-7)

• Strong project management skills
• Excellent written and verbal communication skills, including the ability to effectively communicate Model Risk Management program requirements to persons or business lines previously unfamiliar with the requirements
• Advanced understanding of applicable laws, regulations, financial services, and regulatory trends that affect assigned line of business
• Demonstrated independence, teamwork and leadership skills
• Adept at working in a multifaceted organization

NOTE:  This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• 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

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO 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.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

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.