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U.S. Bank Quantitative Analyst/Financial Engineer 4 (MSR) Saint Louis, MO or Minneapolis, MN preferred (or Remote) in Minneapolis, 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 Description

U.S. Bank is seeking a financial engineer 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 focused on the application of quantitative methods to support valuation, hedging, and market risk management activities of 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 mortgage servicing rights, fixed-income derivatives, term-structure modeling, consumer behavioral modeling (prepayment/delinquency/default), and numerical methods.

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

• Mortgage finance expertise;

• 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;


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 (https://www.usbank.com/careers/index.html) .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) 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://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .

Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.