Hybrid Senior Quantitative Development Manager

at U.S. Bank

• Job title: Senior Quantitative Development Manager
• Job type: Full Time
• Experience level: Senior
• Salary: $143,905 - $169,300 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Airflow, Apache, AWS, Azure, Cloud, Docker, Kubernetes, Python, Shell Scripting, SQL
• Location requirements: Hybrid, Charlotte, United States

About the role

• Leader in credit risk model development within U.S. Bank's Model Development & Decision Science team. Overseeing compliance with regulatory requirements and effective risk management practices.

Responsibilities

• Oversee the development of expected loss forecasting models for the Commercial & Industrial portfolio in compliance with CECL, CCAR and other regulatory requirements
• Interface with staff in credit portfolio risk management, corporate finance, external reporting, as well as model validation and audit services
• Communicate statistical model functions and predictions to stakeholders to demonstrate effective risk management and compliance
• Foster integrations of credit risk modeling into business as usual (BAU) activities
• Develop and document model methodology and selection evidence for validation and third-party review
• Present final development code for validation and implementation using coding languages (Python, R, SAS, SQL)
• Systematically track and report on the ongoing performance and stability of models
• Documentation and presentation of portfolios analysis supporting modeled outputs, respective overlays for emerging risks and reasonableness analysis
• Oversee offshore resources to supplement support the U.S.-based team

Requirements

• Bachelor’s degree (MA/MS/PhD strongly preferred) and eight or more years of relevant experience
• Four or more years of experience leading a quantitative modeling team
• Master's Degree or PhD in a quantitative field such as computer science, data science, mathematics, or statistics (preferred)
• 10 or more years of experience in a leadership role in model development/implementation, software engineering, or related area (preferred)
• Strong familiarity with credit risk modeling and industry-standard approaches (e.g. PD, LGD, EAD)
• Deep understanding of banking, financial metrics, and credit risk management
• Knowledge of banking regulation and requirements for stress testing and credit reserves
• Demonstrated success attracting talent, building, and leading teams of model developers or analysts in similarly technical fields
• Excellent executive presence and verbal and written communication skills
• Ability to build strong relationships with a wide range of individuals from risk, finance, model validation, technology, and regulators
• Strong analytical and problem solving skills, coupled with thoroughness and attention to detail
• Ability to prioritize work, meet deadlines, work under pressure and independently while balancing multiple priorities in a dynamic and complex environment
• Strong analytical, organizational, problem-solving, and project-management skills
• Experience working with large datasets and building or validating advanced statistical models (including regression and economic factor models)
• Extensive experience in building credit models for commercial exposures
• Experience interpreting and applying Basel A-IRB, CCAR/DFAST, CECL regulatory rules and experience working with financial institution regulatory agencies
• Experience working with internal model validation and model risk management
• Programming experience in Python, SAS (Base, STAT, and/or Enterprise Guide)
• Experience with MS Word, Excel, and PowerPoint
• Automation using Bash/shell scripting and orchestration tools like Apache Airflow
• Relational databases, SQL query optimization
• Code management and version control using Git
• Cloud-based solution deployment (AWS or Azure) and containerization/orchestration tools (e.g. Docker, Kubernetes)
• Al/ML and GenAI approaches
• Microsoft Power Automate/ Power Apps
• PowerBI or other visualization dashboards

Benefits

• 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