Quantitative Model Analyst

About the job

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

U.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.

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.

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.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

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).

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

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.