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Tailor your resume to this Quantitative Model Development Analyst - Credit Modeling role.
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About the Role
Support the development and implementation of expected loss forecasting models for Commercial Real Estate (CRE) and Small Business portfolios, ensuring compliance with CECL, CCAR, and other regulatory requirements. Communicate statistical model functions and predictions to stakeholders to demonstrate effective risk management and compliance.
Responsibilities
- Support the development and implementation of expected loss forecasting models for Commercial Real Estate (CRE) and Small Business portfolios.
- Ensure compliance with CECL, CCAR, and other regulatory requirements.
- Maintain consistency with the Bank’s risk management policies, procedures, and practices.
- Collaborate with colleagues in credit portfolio risk management, corporate finance, external reporting, model validation, and audit services.
- Communicate statistical model functions and predictions to stakeholders.
- Foster integrations of credit risk modeling into business as usual (BAU) activities.
- Support ongoing model performance monitoring, including backtesting review and investigation of unexpected results.
- Support wholesale data development and maintenance.
- Prepare comprehensive written model technical documents.
- Prepare oral and written presentations.
Requirements
- Bachelor’s degree in a quantitative field, and five or more years of relevant experience OR MA/MS in a quantitative field, and three or more years of related experience OR PhD in a quantitative field, and less than two years of related experience.
- Understanding of banking, financial metrics, and credit risk management.
- Knowledge of banking regulation and requirements for stress testing and credit reserves.
- Experience in building credit models for commercial exposures.
- Experience working with internal model validation and model risk management.
- Thorough data compilation, data quality review, and qualitative analysis skills.
- Strong analytical, organizational, problem-solving, negotiation, and project management skills.
- Ability to manage multiple tasks across various timelines.
- Demonstrated independence, teamwork and leadership skills.
- Code management and version control using Git.
- Experience with model performance monitoring.
- 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.
Skills
- Python
- SAS
- Git
Location
- U.S. Bank Location
Work Type
- Hybrid
Experience Level
- 5+ years
- 3+ years
- Less than 2 years
Education Level
- Bachelor's degree in a quantitative field
- MA/MS in a quantitative field
- PhD in a quantitative field
Salary/Compensations
- $98,175.00 - $115,500.00
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
About the Company
- 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.
- 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.
- 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.
Equal Opportunity
- U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.