Sr. Quantitative Develop 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

In this role, you will lead a team of model developers responsible for credit loss models. Portfolios cover commercial and industrial, commercial real estate, residential mortgages, credit cards, and other retail portfolios. Models support consolidated loan portfolio stress testing (CCAR), the allowance for credit losses (CECL), counterparty exposure and commercial origination scorecards.
The team includes model developers, implementation, and production analysts as well as performance monitoring specialists for model execution and results analysis. The ideal candidate will have exceptional leadership experience, strong data analytics, model development and programming, strategic vision for the next iteration of modeling languages including AI and have strong relationships and collaboration skills.
U.S. Bank’s Credit Risk Administration (CRA) team is seeking a quantitative model development manager with leadership experience in a quantitative/technical field to lead a team of model developers and programming analysts within our Model Development & Decision Science (MDDS) team.

BASIC QUALIFICATIONS

• Master’s Degree or higher in a quantitative field such as computer science, data science, mathematics, or statistics.
• 12 or more years of experience in quantitative modeling leadership and development.
• Strong experience in credit loss modeling (PD, LGD, EAD) across various loan portfolios.
• Deep understanding of banking, financial metrics, and credit risk management
• Knowledge of banking regulation and requirements for stress testing and credit reserves.
• Demonstrated success attracting talent, building, and leading teams of model developers or analysts in similarly technical fields.
• Excellent executive presence and verbal and written communication skills.
• Strong analytical, organizational, problem-solving, and project management skills.

PREFERRED SKILLS

• Python, SAS, SQL, R, and artificial intelligence coding skills
• Cloud migration experience
• Project management
  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.

• 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