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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

Has an advanced to expert understanding of applicable laws, regulations, financial services, and regulatory trends that affect the Mortgage business. Position leads and manages all phases of large complex model development, validation, or oversight projects from beginning to end. Projects may include data aggregation, model design, model selection, testing, documentation, validation, implementation, and execution. Has a strong statistical modeling background based on technical training or advanced education in a quantitative field. Responsible for training lower level and new staff and may manage or supervise Quantitative Model staff as assigned. Interacts directly with senior managers requiring expert level of presentation, relationship building and negotiation skills. This position will also have exposure to regulatory agencies. Incumbent is respected across the organization for expertise and is a subject matter expert in multiple areas.

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 understanding of applicable laws, regulations, financial services, and regulatory trends that affect the mortgage business.

- Knowledge of the Mortgage Industry. Specifically, knowledge pertaining to mortgage servicing rights (MSR) valuation, market risk hedging, and current coupon/primary mortgage rate generation.

-Experience modeling or analyzing mortgage prepayments and delinquencies **.**

- Advanced statistical modeling background based on technical training or advanced education in a quantitative field.

- Advanced knowledge of various regression techniques (linear, logistic), parametric and non-parametric algorithms, times series techniques (ARIMA, GARCH), and other statistical models, various model validation tests/methodologies, using SAS, R, or similar statistical package.

- Advanced data compilation, programming skills and qualitative analysis skills such as Python, VBA, and C++.

- Advanced knowledgeable of quantitative and qualitative risk factors (duration, convexity), industry risks, competition risks, and risk management approaches.

- Demonstrated independence, teamwork, and leadership skills.

- Strong project management skills.

- Excellent written and verbal 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: $119,765.00 - $140,900.00

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.