Job DescriptionU.S. Bank is seeking the position of Quantitative Model Analyst in Cupertino, California.
Essential Responsibilities:The Quantitative Model Analyst is responsible for the validation and independent review of financial and risk models used in business decision-making, including credit risk and other related quantitative and statistical models supporting banking products and services. The position evaluates model conceptual soundness, performance, implementation, and ongoing monitoring to ensure alignment with business and risk management requirements. It reviews model assumptions, methodologies, and results, and assesses data integrity and overall model effectiveness. The position conducts periodic validation and revalidation across multiple financial model types and portfolios using quantitative and statistical tools, and identifies model limitations, performance issues, and risk exposures. It documents findings, conclusions, and recommendations, and communicates validation results and risk assessments to model owners, business stakeholders, and management, including escalation of issues and tracking of remediation actions. The role prepares formal validation reports and supporting documentation in accordance with internal governance and regulatory requirements, and participates in model governance activities while contributing to enhancements of validation processes, documentation standards, and related controls. Position may allow working from home within a commuting distance from worksite location. Multiple Positions.
Basic Qualifications:Requires a Master's degree in Statistics or Mathematics plus 1 year of experience as a Quantitative Model Analyst or related.
Required Skills/Experience:Must possess 1 year of experience with all of the following: development, implementation, and analysis of financial and risk models within a regulated financial environment at a commercial bank; development and maintenance of credit risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD); statistical and financial analysis using regression analysis, time series analysis, scenario analysis, and model performance testing in support of credit risk and capital planning activities; support of regulatory and internal financial reporting processes, including CCAR and CECL stress testing; analysis of portfolio performance and economic data across commercial and consumer lending products; preparation of model governance, validation support, and regulatory documentation; evaluation of model assumptions, methodologies, and results; identification of model risks and limitations; support of model monitoring and remediation activities with model owners and model risk management; documentation of model development and governance activities in formal reports; use of programming and analytical tools, including Python, SQL, and SAS; and use of reporting tools Tableau and Power BI in large-scale data environments. Position may allow working from home within a commuting distance from worksite location.
Base pay range may vary if an offer is made for work in a different location. Pay Range: $97,677.00 - $173,000.00 (#LI-NDI #LI-DNI #LI-DNP #DE-DNP #IND-DNP)
- The examination for this position may include an additional supplemental questionnaire. Improper or missing responses could affect your application.
- This position is not eligible for visa sponsorship.
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:
- 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.
Posting may be closed earlier due to high volume of applicants. 
