• Senior Quantitative Model Validation Analyst

    US Bank (New York, NY)


    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

    Validates and oversees creation and usage of complex financial risk management models. The models cover a variety of products or services related to mortgages, capital market and wealth management areas. Works with multiple business lines, Model Risk Management team and independently through the model development cycle performing data analysis, testing, documentation verification, benchmarking, creation and coding of challenger models, implementation testing and verification, monitoring. Deliverables include written reports covering validation reviews, identification of risk concerns, and presentations/communication of the outcomes to the stakeholders.

    Basic Qualifications

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

    OR

    - MA/MS in a quantitative field, and five or more years of related experience

    OR

    - PhD in a quantitative field, and four or more years of related experience

    Preferred Skills/Experience

    - Advanced knowledge of fixed income and derivative valuation

     

    - Advanced knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, broad range of statistical models, various model validation tests/methodologies, using Python, R, SAS or similar statistical package

     

    - Thorough data compilation, programming skills and qualitative analysis skills

     

    - Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches

     

    - Developed technical report writing skills

     

    - Understanding 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

     

    - 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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

    Benefits:

    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 law

     
     

    E-Verify

     
     

    The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $132,260.00 - $155,600.00 - $171,160.00

     
     

    Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

     

    Posting may be closed earlier due to high volume of applicants.