U.S. Bank Mortgage Stress Testing Manager in Hopkins, Minnesota
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Job DescriptionMortgage Stress Testing Manager
U.S. Bank is seeking a Stress Testing Manager to join the Mortgage Analytics and Data Science team – a highly visible and industry leading quantitative group at U.S. Bank Home Mortgage (USBHM). This role will be responsible for managing a team focused on the application of quantitative methods to support stress testing and capital projection for U.S. Bank’s mortgage origination and servicing business.
The ideal candidate will have experience and in-depth knowledge of the mortgage finance industry with a focus on the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR) process, stress testing, capital projection, as well as the detailed product areas of mortgage servicing rights, fixed-income derivatives, term-structure modeling, consumer behavioral modeling (prepayment/delinquency/default), and numerical methods. Responsibilities also include coordination and communication with both internal and external constituents, including regulators.
Basic Qualifications Masters degree in Mathematical Finance, Economics, or related quantitative discipline. 7+ years of relevant financial management experience in mortgage-specific (or comparable) context, including the support of risk and capital markets activities. 5+ years managing skilled, quantitative staff
Preferred Skills/Experience PhD in Mathematical Finance, Economics, or related quantitative discipline. Mortgage finance expertise; Strong quantitative and/or computational Term-structure modeling (HJM, BGM, LMM); Fixed-income capital markets and interest rate derivatives; Mortgage servicing rights valuation; Hedge construction, attribution, and evaluation; Consumer behavior/propensity modeling (prepayment, delinquency, default, severity) Polypaths, QRM/MB, QRM/AL, MIAC WinOAS; SAS, R, Python, C/C++; Superb oral and written communication skills; Consummate problem-solving, time, and people management skills.
Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
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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.