Quantitative Model Development Analyst - Credit Modeling

About U.S. Bank At U.S. Bank, we help millions of clients achieve their goals with a balance of best-in-class technology and human expertise tailored to individual needs. As the fifth-largest commercial bank in the United States, we’ve built a reputation for strength and stability across a diversified mix of businesses, including commercial and institutional banking, business banking, payments, wealth management and consumer banking. We’ve been named one of the World’s Most Ethical Companies® by the Ethisphere Institute and the most admired superregional bank by Fortune. In addition to thousands of branches serving consumers, U.S. Bank offers a complete suite of products, services and strategic partnerships for business. Within our Wealth, Corporate, Commercial and Institutional Banking division, we serve more than half a million clients across the country and around the world, ranging from wealthy individuals and families to the largest corporations, including 90% of Fortune 1000 companies. We’re also consistently recognized as a great place to work. We’re shaping our company culture with intention, focused on creating a workplace where it’s safe to speak up, share ideas and try new things. We’re proud to be recognized as a “Best for Vets” employer by the Military Times and included on Fair360’s (formerly DiversityInc.) list of Top 50 Companies for Diversity. U.S. Bank, NA. Member FDIC. Equal Housing Lender.

U.S. Bank

Asset-based lendingCommercial lendingCustody servicesEquipment financingForeign exchangeFund servicesGlobal payments and receivablesLiquidity and asset managementLoan syndicationMarket risk management

U

usbank.com/index.html

10,001+ employees

Banking

Minneapolis, MN

Public Company

644k LinkedIn followers

Raised $991M

• We are seeking a motivated and detail-oriented Model Developer to join our Model Development & Decision Support (MDDS) team. In this role, you will support the development and implementation of expected loss forecasting models for Commercial Real Estate (CRE) and Small Business portfolios, ensuring compliance with CECL, CCAR, and other regulatory requirements.
• In this position, you will contribute to the development of credit risk models for Commercial Real Estate and Small Business portfolios, ensuring alignment with diverse financial and regulatory requirements. You will be responsible for maintaining consistency with the Bank’s risk management policies, procedures, and practices by collaborating with colleagues in credit portfolio risk management, corporate finance, external reporting, model validation, and audit services.
• You are expected to communicate statistical model functions and predictions to stakeholders to demonstrate effective risk management and compliance as well as to foster integrations of credit risk modeling into business as usual (BAU) activities.
• You will also support ongoing model performance monitoring, including backtesting review and investigation of unexpected results, as well as wholesale data development and maintenance.
• Key deliverables include comprehensive written model technical documents, oral and written presentations, as well as fluent programming skills. The ideal candidate is expected to have a good understanding of commercial portfolios and statistical methods, industry experience, excellent communication, and attention to detail as well as a strong background in predictive modeling.

Required

• Bachelor’s degree in a quantitative field, and five or more years of relevant experience
• OR
• MA/MS in a quantitative field, and three or more years of related experience
• OR
• PhD in a quantitative field, and less than two years of related experience

Preferred

• Understanding of banking, financial metrics, and credit risk management
• Knowledge of banking regulation and requirements for stress testing and credit reserves.
• Effective verbal and written communication skills.
• Programming experience in Python and SAS
• Experience in building credit models for commercial exposures
• Experience working with internal model validation and model risk management
• Thorough data compilation, data quality review, and qualitative analysis skills
• Strong analytical, organizational, problem-solving, negotiation, and project management skills
• Ability to manage multiple tasks across various timelines
• Demonstrated independence, teamwork and leadership skills
• Code management and version control using Git
• Experience with model performance monitoring
• LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.
• 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.

• 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
• 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
• Review our full benefits available by employment status here.
• 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: $98,175.00 - $115,500.00
• 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.