Quantitative Model Development 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

Corporate Treasury is a division within the CFO group where part of their responsibility is to provide executive management with accurate, timely, and comprehensive forecasts of the balance sheet, net interest income (NII), and Non-Interest Income Revenue.
Corporate Treasury’s Asset & Liability Management Quantitative Finance group supports these efforts by developing quantitative models and methods that link the Bank’s balance sheet and Income Statement to the broader macroeconomic environment.
Our team is seeking a strong, decisive, results-oriented quantitative analyst who will be responsible for building complex statistical models for our loans portfolio. The model-building process is holistic, and will include estimating, validating, testing, documenting, implementing, and maintaining macroeconomic forecasting model frameworks.
These models may cover a variety of bank products and related functions. All models are used as part of Treasury’s financial decision-making process. 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 three or more years of relevant experience

OR

• MA/MS in a quantitative field, and less than three years of related experience

Preferred Skills/Experience

• Basic knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using Python or similar statistical package
• Statistical modeling background based on technical training or advanced education in a quantitative field
• Strong data compilation, programming skills and qualitative analysis skills
• Basic knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Basic knowledge 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
• Effective interpersonal, verbal and written communication skills
• Demonstrated independence, teamwork and leadership 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