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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

The person will be responsible for conducting regular stress testing using 30+ scenarios. Ad hoc stress scenarios will also be run on emerging risk factors. Market risk factors such as, rates, fx, commodities, credit and equity are consideration for stress test framework so is probability of default of the counterparties. The person will opine on quantitative market data methodologies (standardization, proxies, data cleaning, and operational processes). This includes how to measure the quality of data for use in pricing models for Counterparty Models. Employ analytical and quantitative approaches to analyze and process data required for the new model.

Serves as an escalation point in interactions with stakeholders across Front Office and Quantitative Model teams including development of teams and technology on various market data-related topics for clearing and stress test:

Works with model development and validation groups in ensuring the accuracy and reasonableness of the stress test and other model assumptions. Partners with them in ensuring on smooth maintenance of ongoing monitoring of models. Review all counterparty related model documentation and sign-off on key assumptions. Liaison with technology and other key groups regarding counterparty risk infrastructure and processes.

Basic Qualifications

- Bachelor’s degree in a quantitative field, and 10 or more years of relevant experience

OR

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

OR

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

Preferred Skills/Experience

+ Experience in capital markets, industry experience within the specific sector of the position, or a combination of both

+ Master’s degree or higher in a quantitative field such as mathematics, engineering, physics, or statistics

+ Required strong Python & SQL

+ Experience financial modeling and strong understanding of stochastic processes

+ Experience building an efficient large scale and complex market data operations/end to end market data engineering processes in a sales and trading environment

+ Experience working with quant teams developing market data management systems which allow for efficient data retrieving to optimize modeling approaches

+ Experience leading large teams/multiple business partners, overseeing business as usual market data operations with strong governance processes and controls

+ Knowledge and understanding of traded derivative and cash products across all asset classes to effectively have discussions with Front Office traders, Market Risk Officers, and Risk Analytics team

+ Experience overseeing the development and implementation of quantitative methods for data quality checks and remediation techniques including statistical data filling methods and proxying

+ Understanding of how market data impacts the downstream uses

+ Counterparty credit risk and CVA

+ Understanding of major market data sources (e.g., Bloomberg, Reuters, Markit)

+ Market data object construction methods for curves and volatility surfaces

+ Risk factor types across asset classes

+ Market data related to regulatory requirements

+ Experience in quantitative or complex data management field

+ Experience working with large scale and complex data management systems

+ Proficient in Python and SQL (reading and writing queries)

_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

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.