Quantitative Model Analyst 4

About the position 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

Validates, tests, and documents usage of complex statistical models. The models may cover a variety of products or services; however, all models are used as part of the financial decision-making process. Specific results focus on documenting the validation and/or testing of advanced statistical models and communicating the results to stakeholders within the Bank. Deliverables include creation of model validation documentation such as: formal written reports, summary presentations, model or reporting code documentation, procedures, or other ad hoc reporting/documentation.

Responsibilities

• Validates, tests, and documents usage of complex statistical models.
• Documenting the validation and/or testing of advanced statistical models and communicating the results to stakeholders within the Bank.
• Deliverables include creation of model validation documentation such as: formal written reports, summary presentations, model or reporting code documentation, procedures, or other ad hoc reporting/documentation.

Requirements

• 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 Nice-to-haves

• Advanced knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS or similar statistical package
• Thorough data compilation, programming skills and qualitative analysis skills
• Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Advanced understanding of applicable regulatory rules, guidance, or supervisory letters
• Ability to manage multiple tasks across various timelines
• Strong analytical, organizational, problem-solving, negotiation, and project management skills
• Demonstrated independence, teamwork and leadership skills
• Effective interpersonal, verbal and written communication skills

Benefits

• 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

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