Senior Quantitative Model Validation Analyst - Capital Markets - Chicago or Remote in Chicago, Illinois
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.
Validates and oversees development, implementation and usage of complex pricing and risk models in the Capital and Mortgage Markets area. These models cover a variety of products or services and are used for financial decision making and risk management. The role focuses on reviewing the model logic, documentation, testing and monitoring, and communicating review outcomes to the stakeholders within the Bank. Deliverables include the creation of model validation reports/presentations, participation in model development lifecycle, model performance monitoring and ensuring adherence with relevant policies and procedures.
- Bachelor’s degree in a quantitative field, and eight or more years of relevant experience
- MA/MS in a quantitative field, and five or more years of related experience
- PhD in a quantitative field, and four or more years of related experience
Familiarity with modeling techniques, financial markets, risk management, data science and AI. 3 to 5-year experience preferred. Candidates with less experience may be considered at lower grade.
Relevant work experience such as in model development, validation, governance, pricing, risk management, data analysis. Familiarity with at least some of the capital market areas such as interest rate and mortgage models, fixed income and derivatives products, pricing and market risk management, income and capital forecasting, stress testing, VAR, counterparty risk, credit loss models, third party models and tools (such as Yield book, Bloomberg, QRM, Polypaths, etc.)
Advanced knowledge of regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, familiarity with statistical software (such as SAS/R/Matlab)
Strong computer skills. Experience with programming languages, databases/SQL and data science related software preferred.
Advanced understanding of applicable regulatory rules, guidance, or supervisory letters
Ability to manage multiple tasks across various timelines
Strong analytical, organizational, problem-solving, negotiation, and project management skills
Demonstrated independence, teamwork and leadership skills
Effective interpersonal, verbal and written communication skills
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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
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 careers.usbank.com .
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://careers.usbank.com/verification-of-eligibility-for-employment) .
Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $117,215.00 - $137,900.00 - $151,690.00
Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.
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.