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U.S. Bank Quantitative Model Analyst Team Lead in Sioux Falls, South Dakota

U.S. Bank is seeking an accomplished quantitative analyst for modeling retail (residential mortgage, home equity, auto, credit cards, small business) exposures for stress testing, including the Comprehensive Capital Analysis and Review (CCAR), and Current Expected Credit Losses (CECL). The credit risk modeling team lead will have extensive experience and in-depth knowledge of credit loss modeling for retail portfolios such as default models, transition models, loss-given-default models (LGD), and familiarity with various vendor models. In this role, you will contribute to the success of U.S. Bank’s stress testing initiatives.

• Performs data analytics, statistical model development, statistical testing, and model documentation of multiple, complex credit risk models

• Partners with portfolio risk managers and business lines to develop and implement quantitative models

• Communicates modeling concepts and model assumptions with regulators, auditors, and independent model validation teams

• Provides direction and oversight to ensure quality deliverables while meeting or exceeding stated deadlines

• Monitors and improves quality and ensures 'best practice' modeling development techniques


Basic Qualifications

  • Bachelor's degree in a quantitative field, and 10 or more years of experience in statistical modeling OR

  • Master's or PhD degree in a quantitative field, and six or more years of experience in statistical modeling

Preferred Skills/Experience

• 6-8 years of experience responsible for major tasks, deliverables, formal methodologies and disciplines for credit risk modeling at a financial institution regulated by the OCC or Federal Reserve

• At least 5 years of advanced statistical modeling experience

• Data Analysis with large complex data sets and data warehouses

• Statistical model development and testing

• Business analysis and requirements documentation

• Programming in SAS, R, or Python

Subject matter expert in:

• Consumer credit risk modeling – Knowledge of credit scores, LTV, debt-to-income ratio, delinquency status, charge-offs, etc.

• Accounting rules related to charge-offs, recoveries, and non-accrual accounting

• Allowance for Credit Loss accounting rules and regulations

• Statistical model development methodologies

• Statistical model implementation

• Stress testing concepts and related regulatory guidance

Job: Risk/Compliance/QC/Audit/Fraud

Primary Location: Washington-WA-Bellevue

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 190014835

Other Locations: North Carolina-NC-Charlotte, IL-IL-Chicago, United States, Minnesota-MN-Minneapolis

U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.