Quantitative Model Analyst 4 #190008758
Quantitative Model Analyst 4
U.S. Bank National Association (“U.S. Bank”) is hiring a Quantitative Model Analyst 4 in Richfield, MN.
Duties: Create, validate, test, document, implement and oversee usage of complex statistical models, which are used as part of financial decision-making process; work on validation of credit risk models in Basel Capital estimation, Stress Testing and Comprehensive Capital Analysis and Review (CCAR), and produce high quality document that satisfy OCC 2011-12 and USB’s Model Risk Management Policy and Guidelines; review underlying assumptions of and develop tests for Current Expected Credit Loss (CECL) models; undertake issue management under U.S Bank management process; assess model risks and limitations and provide conclusions with respect to model validation; manage and supervise lower-level quantitative model analysts or lead group projects and manage multiple portfolios; review and deliver comprehensive written reports to present outcomes to senior management; interact with regulatory agencies (OCC/FED); serve as subject matter expert across the organization; and provide strategic direction to others in areas of expertise. Will utilize SAS; model monitoring industry big data compilation; interacting with Senior Management and stakeholders; Current Expected Credit Loss validation work with open-end portfolios; oversight with vendors; Statistical tests; T-Tests; Chi-Square Test; Correlation Test; statistical models; R; Linear regression; and Logistic regression. Will supervise approx. 2-4 peers. U.S. Bank supports a work environment where experiences are valued and respected and where individuals who share the fundamental values of the company have an opportunity to contribute and grow. U.S. Bank is an Equal Opportunity Employer, committed to creating a culturally diverse workforce.
Qualifications
Requires a Master’s degree in Economics, Statistics, Mathematics or related technical field, plus 3 years of experience with credit risk model development and validation in large commercial bank. Must possess 3 years of experience with SAS, Basel Capital Estimation validation, Stress Testing (CCAR) validation, model monitoring, industry big data compilation, and Issue Management; 2 years interacting with Senior Management, stakeholders and engagement with regulators (OCC/FED); 1 year with Current Expected Credit Loss (CECL) validation work with open-end portfolios, and oversight with vendors; and 6 months duration project experience with Statistical tests, T-Tests, Chi-Square Test, Correlation Test, statistical models, R, Linear regression, and Logistic regression. Project experience can be academic.