U.S. Bank Fair & Responsible Banking Quantitative Model Analyst in United States
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.
This position will support the U.S. Bancorp’s Company’s Fair and Responsible Banking Policy (“Policy”) and corresponding fair lending and responsible banking programs (“Programs”) and be responsible for supporting the design, development and maintenance of statistical models, statistical analysis, and incorporating business policies, procedures, and systems knowledge in order to ensure robust and comprehensive analytics. He/she will collaborate with the Fair and Responsible Banking groups and fair and responsible banking stakeholders of various levels within the organization, including Corporate Compliance, Legal, and Business Line personnel, to help ensure the effective performance of the Policy and related programs.
This position requires an understanding of business objectives and key fair and responsible banking risk drivers across the product lifecycle. In addition to SAS and analytical skills, the successful candidate would be expected to communicate results concisely to a broad audience, including senior management.
We are looking for candidates with the proven ability to work and thrive in a rapid-paced, deadline-driven, and team-oriented environment; who have project management skills; and who have the drive to continually meet new challenges.
Design, develop, test, monitor, and support a variety of statistical methodologies using SAS programming.
Interpret analysis results and communicate results concisely to various levels of management within the organization, including both technical and non-technical audiences.
Perform robust statistical modeling, data mining, and data analysis across a variety of lending products.
Creates analytical reports summarizing fair and responsible banking risk and presents results for review by internal and certain external (regulatory staff) customers.
Participate in the establishment of annual Analysis Planning schedules.
Maintain appropriate levels of technical writing documentation to support each analysis program; ensuring quantitative methodology to asses fair lending risk is consistent with regulatory and industry expectations.
Bachelor's degree in a quantitative field, and five to eight years of experience in statistical modeling OR
Master's or PhD degree in a quantitative field, and less than five years of experience in statistical modeling
Master’s degree in a quantitative field of study.
At least 7 years of related quantitative experience, preferably in financial services using large and complex datasets, with SAS certified or extensive data analytics experience.
Experience in performing and leading complex consumer compliance statistical analysis and monitoring functions or certified audit professional with advanced fair lending analytical experience.
Experience in developing linear and logistic regression models and performing modeling diagnostics, such as benchmarking and out-of-sample validation, to ensure the appropriateness and soundness of models developed.
Ability and experience in executing fair and responsible banking analyses.
Ability and experience in analyzing HMDA data for internal and external interpretation about lending practices.
Advanced knowledge of fair and responsible banking laws and regulations, including HMDA, Fair Lending Laws, UDAAP, and consumer protection laws, as well as related regulatory examination standards, applicable regulatory guidance, and litigation and enforcement actions.
Thorough knowledge of U.S. Bancorp operations, policies and procedures, and the ability to review and revise policies and procedures to demonstrate effectuate compliance.
Ability to influence business line management to proactively mitigate Fair Lending and consumer risk and manage multiple complex projects and deadlines simultaneously, working with auditors and examiners, and reporting issues and trends to management.
Excellent written, verbal, and interpersonal communication skills with the ability to generate effective presentations and management reporting and communicate concisely with end users and management.
Demonstrate a proven ability to multi-task and prioritize multiple projects with a high attention to detail and accuracy.
Extensive knowledge of Microsoft Office packages, specifically Excel, PowerPoint, and Visio.
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.