Quantitative Model Analyst

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

Creates, validates, tests, documents, implements, and/or oversees 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 creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank. Deliverables include the creation of model development and/or validation documentation such as: presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures.

BASIC QUALIFICATIONS

• 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

PREFERRED SKILLS/EXPERIENCE

• Experience with financial forecasting, net credit losses, loss given default, contra-asset counts, and portfolio and vintage analysis
• Thorough knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, survival analysis, and other statistical models, various model validation tests/methodologies, using SAS, Python, R or similar statistical package

• Experience with manipulating and combining large datasets, particularly in a SQL environment

• Familiarity with the financial structures of consumer installment loans and leases and common risk factors- Thorough data compilation, programming, data interpretation and qualitative analysis skills

• Experience with modeling and forecasting credit losses on consumer installment loans and leases

• Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches relevant for both consumer installment loans and leases
• Basic understanding of applicable regulatory rules, guidance, or supervisory letters
• Experience with thoroughly documenting modeling decisions and framework, archiving code and datasets for reproducibility, and discussing modeling choices
• 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

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.

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