U.S. Bank Quantitative Model Analyst 2 - Minneapolis, MN, St. Louis, MO or New York, NY in Hopkins, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.
Job DescriptionHas an intermediate understanding of applicable laws, regulations, financial services, and regulatory trends that affect the Mortgage business. Position requires limited to occasional management direction. Leads and manages several but not all phases of a model development, validation, or oversight project. Projects may include data aggregation, model design, model selection, testing, documentation, validation, implementation, and execution. Builds, tests, and documents statistical models based on advanced model techniques. Has a strong statistical modeling background based on technical training or advanced education in a quantitative field. Responsible for training lower level and new staff. Typically interact directly with senior managers requiring advanced level of presentation, relationship building and negotiation skills. This position will also have occasional exposure to regulatory agencies. May provide work direction to one or more analyst(s).
Basic Qualifications - Bachelor's degree in a quantitative field, and four to six years of experience in statistical modeling OR - Master's degree in a quantitative field, and less than four years of experience in statistical modeling
Preferred Skills/Experience - Thorough understanding of applicable laws, regulations, financial services, and regulatory trends that affect the mortgage business. - Knowledge of the Mortgage Industry. Specifically, knowledge pertaining to mortgage servicing rights (MSR) valuation, market risk hedging, and current coupon/primary mortgage rate generation. -Experience modeling or analyzing mortgage prepayments and delinquencies. - Strong statistical modeling background based on technical training or advanced education in a quantitative field. - Thorough knowledge of various regression techniques (linear, logistic), parametric and non-parametric algorithms, times series techniques (ARIMA, GARCH), and other statistical models, various model validation tests/methodologies, using SAS, R, or similar statistical package. - Strong data compilation, programming skills and qualitative analysis skills such as Python, VBA, and C++. - Thorough knowledgeable of quantitative and qualitative risk factors (duration, convexity), industry risks, competition risks, and risk management approaches. - Demonstrated independence, teamwork, and leadership skills. - Strong project management skills. - Excellent written and verbal communication 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.