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
The Quantitative Model Analyst 4 is a Senior Individual
contributor role residing within the Bank's Risk Management and
Compliance organization. Specifically, this position supports the
Model Risk Management ("MRM") program at the Bank. The overall MRM
program is designed to provide governance and control to manage
financial models and associated risks that may impact the company,
including financial, liquidity, market, operational, reputational,
strategic, and other risks as appropriate.
Senior Validation Analysts within MRM provide independent
validation of models that the Bank relies on for making financial
decisions. A robust and comprehensive model validation comprises
steps that independently challenge a model's conceptual framework
and methodology, reference data used in the model, implementation
process, as well as model usage and performance. The validation
process also identifies corrective actions to ensure timely
remediation of model risk.
More specifically, the incumbent is expected to have advanced to
expert understanding of applicable laws, regulations, and
regulatory trends in CCAR and CECL credit risk modeling. The
incumbent is expected to work with Model Owners and Developers and
independently validate models related to Bank's CCAR and CECL loss
forecast. The validation should be in compliance with both OCC
2011-12 and USB's Model Risk Management Policy and Guidelines. The
incumbent is also responsible for assessing model risks and
limitations and provide recommendations and conclusions with
respect to model validation.
The incumbent is expected to document and present the model
validation findings to model owners, developers. He/she will
interface with key stakeholders, regulators (OCC/FED), and internal
auditors to discuss the justification and reasoning behind various
validation and review findings.
- Bachelor's degree in a quantitative field, and 10 or more years
of experience in statistical modeling OR
- Master's or PhD degree in a quantitative field, and six or more
years of experience in statistical modeling
- Excellent knowledge in statistics, mathematics, and financial
- Experience in CCAR/CECL model development or validation
experience for Credit Risk and/or PPNR.
- Critical thinking, problem solving, and creativity.
- Strong written and verbal communication skills (ability to
explain complex ideas in simple, non-technical language).
- Ability to establish and maintain effective working
relationships with peers, business line managers, and colleagues
across the bank.
- Highly motivated with the ability to learn and to understand
various business lines and their functions within the
- Ability to work independently as well as collaboratively within
a team environment.
- Strong organizational skills and the ability to work on
multiple tasks effectively.
- Knowledge of regulatory guidance (SR11-7, Basel, ICAAP, CECL,
AMA and Market Risk Rule).
- Proficient in the SAS and/or R programming languages.
- Advanced degree in a quantitative discipline such as:
Mathematics, Statistics, Finance, Economics, Physics, or a related
- Six plus years of model development or validation
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
Learn all about U.S. Bank employee benefits, including tuition
reimbursement, retirement plans and more, by visiting
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Applicants can learn more about the company's status as an equal
opportunity employer by viewing the federal EEO is the Law
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