Job DescriptionValidates, tests, documents, and oversees usage of complex statistical Treasury Risk and Pre-provision Net Revenue (PPNR) models. Regularly reviews model monitoring reports.
The models may cover a variety of products or services, however, most models are used as part of the financial decision making process though regulatory stress testing.
Specific results focus on documenting the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank.
Deliverables include the creation of model validation documentation such as: presentations, written validation and annual review reports, and related code reviews, review and closure of issues and findings, etc.
Basic Qualifications- 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 Skills/Experience- Strong statistical modeling or model validation background based on technical training or advanced education in a quantitative field
- Strong knowledge of various regression techniques, times series techniques, parametric and non-parametric models, and other statistical models, various model validation tests/methodologies, using Python, R, SAS, or similar statistical package
- Strong data compilation, coding skills, qualitative analysis skills, and knowledge of SQL
- Advanced knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
- Demonstrated independence, team work and leadership skills
- Strong project management skills
- Excellent written and verbal communication skills
LOCATION EXPECTATIONS: This role requires working from a U.S. Bank Location three (3) or more days per week.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.
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: $117,725.00 - $138,500.00
Posting may be closed earlier due to high volume of applicants. 
