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U.S. Bank Quantitative Model Validation Analyst in Charlotte, North Carolina

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

The position is an individual contributor role within the Bank’s Second Line of Defense Risk Management and Compliance organization. Specifically, this position supports the Model Risk Management (“MRM”) program at the Bank. Validation Analysts within MRM provide independent validation of models that the Bank relies on for making financial decisions. A robust and comprehensive model validation independently challenges a model’s conceptual framework and methodology, input data, implementation process, usage, and performance. The validation process also identifies corrective actions to ensure timely remediation of model risk.

The individual in this position works with Model Owners and Developers to validate models used for fraud detection, adhering to OCC 2011-12 Regulatory Guidance and USB's Model Risk Management Policy and Standards. They will document and present model validation findings to model owners and developers and will interface with key stakeholders, regulators, and internal auditors to discuss the justification and reasoning behind various validation and review findings.

Essential Functions

  1. Perform complex mathematical analysis using various statistical methods or techniques including machine learning, logistic regression, and other ensemble methods.

  2. Validate both custom built models and third-party proprietary models. Deliverables include the creation of validation documentation such as formal write-up of results/recommendations/conclusions within the validation report, presentations to model stakeholders and management, other written reports (ad hoc), model code/documentation, monitoring reports and related code, and procedures.

  3. Retrieve, analyze, and interpret data from various sources (internal and external). Aggregate and create data from different databases to facilitate statistical analysis for validation. Perform ad hoc statistical/econometric analysis.

  4. Communicate findings to senior and executive level management, audit, and regulatory examiners in written and verbal form.

  5. Read, understand, and interpret regulatory rules and guidance related to the models being validated. Develop an understanding of the business product and structure to ensure models capture key business elements and risks.

  6. Understand and use various programming languages to identify, investigate and resolve data and programming issues.

Basic Qualifications

-Bachelor’s degree in a quantitative field required with at least 5 years of relevant experience


-MA/MS with at least 3 years of related experience


-PhD with less than 2 years of related experience

Preferred Skills/Experience

  • Must be a self-motivated worker capable of managing multiple tasks across various timelines.

  • Strong statistical modeling experience using Python (preferred), SAS, or similar packages.

  • Thorough data compilation, programming, and qualitative analysis skills.

  • Prior exposure to validation or development of Fraud models, Artificial Intelligence, Machine Learning, or Natural Language Processing models.

NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. This role can be located in Minneapolis, MN or Charlotte, NC only.

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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):

  • 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

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.


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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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: $102,340.00 - $120,400.00 - $132,440.00

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.