Job Description

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

U.S. Bank is seeking a full-time Quantitative Model Analyst (Multiple openings) in Charlotte, NC. The Quantitative Model Analyst develops mathematical and complex statistical models for use in sound management of the bank's portfolio as well as regulatory requirements. The models are used in the Treasury department to measure interest rate risk (IRR), valuation of market value of equity (MVE) analysis, net interest income (NII) analysis, Comprehensive Capital Analysis and Review (CCAR) regulatory exercise, and Business As Usual (BAU) activities. This role is responsible for developing models that adhere to internal development standards and templates for model governance, and to model risk policies and bank Supervision and Regulation Letters including SR 11-, SR 15-18, and SR 15-19. Specific duties include: (1) researching market and idiosyncratic drivers germane to the portfolio and intended use case; (2) creating model development and validation documentation including: presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures; (3) compiling and analyzing complex datasets using programming and quantitative analysis to support data-driven decision making; (4) developing quantitative financial strategies for business development; (5) compiling and analyzing complex datasets using programming and quantitative analysis to support data-driven decision making; (6) solving quantitative financial challenges through model research, development and validation; (7) implementing various regression techniques, parametric and non-parametric algorithms, times series techniques, model validation tests/methodologies, using SAS and Python; (8) implementing various regression and other financial modeling techniques, parametric and non-parametric algorithms, times series techniques, model validation tests/methodologies, using SAS and Python; and (9) communicating models and subsequent impacts to the Treasury department as well as business units outside of Treasury.

Basic Qualifications:

This position requires a Master's degree or equivalent in Financial Mathematics, or related quantitative field and 3 years of experience working with complex statistical models. In the alternative, will accept a Bachelor's degree or equivalent in Financial Mathematics, or related quantitative field and 5 years (progressive, post-baccalaureate) of experience working with complex statistical models.

Required Skills/Experience:
Must also have 24 months of experience with each of the following: (1) developing quantitative financial strategies for business development; (2) compiling and analyzing complex datasets using programming and quantitative analysis to support data-driven decision making; (3) solving quantitative financial challenges through model research, development and validation; (4) creating model development and validation documentation including: presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures; and (5) implementing various regression techniques, parametric and non-parametric algorithms, times series techniques, model validation tests/methodologies, using SAS and Python. Will accept experience gained before, during or after Master's program. Employer will accept experience gained concurrently. U.S. Bank is subject to and conducts background checks consistent with the regulatory requirements applicable to our industry and operations.

Base pay range may vary if an offer is made for work in a different location. Pay Range: $78,270 - $123,000. (#LI-NDI #LI-DNI #LI-DNP #DE-DNP #IND-DNP).

• The examination for this position may include a supplemental questionnaire. Improper or missing responses could affect your application.
• This position is not eligible for visa sponsorship.

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.

Benefits:

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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

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.

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).

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

Job Tags

Full time, Temporary work, Local area,

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