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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

We are looking for a strategic and results-driven quantitative manager to lead transformation initiatives within the Credit Risk Model Operations and Strategy team, part of the Model Development and Decision Science (MDDS) organization. This role will focus on redesigning and optimizing key processes across the model lifecycle—including implementation, production, and performance monitoring—to enhance efficiency and scalability.

About the CRA Team

We are a highly dynamic and talented team which delivers on our mission through four pillars: Customer, Process, Talent, and Data.

**Vision |** We create the future of credit risk management through data, analytics, and risk process innovation for our customers.

**Mission |** We deliver data-driven information solutions to protect our stakeholders and inform the most significant financial decisions in the bank.

**Values |** In addition to U.S. Bank core values, we prioritize collaboration, integrity, simplicity, and continuous learning.

About the Role

In this role, you will be responsible for designing systems and processes for model development, production, monitoring, and implementation. The models support loan portfolio stress testing (CCAR), the allowance for credit losses (ACL / CECL), counterparty risk, climate risk, and commercial risk rating scorecards. The ideal candidate will have hands-on experience in system design, a strong foundation in data science, and proficiency in quantitative programming languages.

Key Activities

This role centers on redesigning processes to be modular, scalable, and well-controlled. The emphasis is on building strong architectural foundations that support repeatable processes, improve efficiency, and facilitate automation.

The processes in scope for this role include:

+ Model development – build repeatable, standardized processes and tools for model development.

+ Implementation – scalable tools to onboard models into production.

+ Production – platforms for executing models for core production purposes.

+ Monitoring – automated systems to track and assess model performance.

+ Reporting – integrations and pipelines for dashboards and formatted output delivery.

Core Competencies:

+ Experience leading quantitative teams, strong understanding of predictive modeling techniques, and familiarity with credit risk data at large regulated financial institutions.

+ Strong technology background including fundamental software engineering principles, automation tools, cloud-based tools and infrastructure, database systems, and dashboard/visualization tools.

+ Exceptional leadership skills and ability to drive transformation initiatives that span multiple teams and stakeholders.

+ A mindset for collaboration, customer centricity, and risk management.

Basic Qualifications

+ Bachelor’s degree (MA/MS/PhD strongly preferred) and eight or more years of relevant experience

+ Four or more years of experience leading a quantitative modeling team

Preferred Skills/Experience

+ Python and SAS programming

+ Automation using Bash/shell scripting and orchestration tools like Apache Airflow

+ Relational databases, SQL query optimization

+ Code management and version control using Git

+ Cloud-based solution deployment (AWS or Azure) and containerization/orchestration tools (e.g. Docker, Kubernetes)

+ AI/ML and generative AI approaches

+ Microsoft Power Automate / Power Apps

+ PowerBI or other visualization dashboards

*** **_The 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: $143,905.00 - $169,300.00

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.