Hybrid Senior Quantitative Development Manager

Posted 57 minutes ago

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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

Job title

Senior Quantitative Development Manager

Job type

Experience level

Senior

Salary

$143,905 - $169,300 per year

Degree requirement

Bachelor's Degree

Location requirements

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