Model Development Manager

at  US Bank National Association

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

This model development manager will lead a team in addition to individual projects to develop models used for asset/liability management. Models can encompass a wide range from industry-level balance sheet forecasting to security risk sensitivity analysis and yield curve modeling. This role will be responsible for providing oversight for a team in the form of ideas and/or code for analysts to develop or maintain or developing conceptual framework for models. Most models will be developed in python but use of other languages such as SQL might be required. Explaining banking concepts or modeling concepts to analysts in order to foster understanding may also be required.
The model development manager will set project timelines, deliverables and be the main point of contact with third-parties such as model risk analysts and auditors. The role will require the ability to explain complex items in a straight forward manner.

BASIC QUALIFICATIONS

• Bachelor’s degree in a quantitative field, and 10 or more years of relevant experience

OR

• MA/MS in a quantitative field, and six or more years of related experience

OR

• PhD in a quantitative field, and five or more years of related experience

PREFERRED SKILLS/EXPERIENCE

Programming in either Python, SQL, Matlab, C++
Knowledge of time series modeling techniques
In-depth knowledge of bank products and modeling techniques used in banking
Familiar with mathematical concepts such as principal component analysis, Taylor’s approximation, and model calibration
Experience leading a team or project and/or mentorship experience
Experience with project management aspects such as timeline planning and changes
Strong written and verbal communication skills

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 la