Hybrid Senior Retail Credit Model Developer

at U.S. Bank

• Job title: Senior Retail Credit Model Developer
• Job type: Full Time
• Experience level: Senior
• Salary: $133,365 - $156,900 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Minneapolis, United States

About the role

• Senior Retail Credit Model Developer at U.S. Bank leading complex model development and oversight. Collaborating with regulators and managing technical interactions in consumer credit products.

Responsibilities

• Leads credit model development to create, validate, test, document, implement, and/or oversee usage of complex statistical models.
• Models will cover a variety of consumer credit products.
• Responsible for oversight of key development deliverables including the creation of model development and/or validation documentation such as presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures.
• Significant interaction with regulators (OCC and FRB) along with the ability to explain complex items in a straightforward manner.

Requirements

• Bachelor’s degree in a quantitative field, and 10 or more years of relevant experience OR
• MA/MS in a quantitative field, and six or more years of related experience OR
• PhD in a quantitative field, and five or more years of related experience
• Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, time series techniques, and other statistical and machine learning models
• Various model validation tests/methodologies, using statistical packages
• Advanced data compilation, programming skills and qualitative analysis skills
• Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Thorough knowledge of applicable regulatory rules, guidance, or supervisory letters
• In depth knowledge of Bank products and services
• Demonstrated independence, teamwork and leadership skills
• Strong analytical, organizational, problem-solving, negotiation, and project management skills
• Excellent interpersonal, verbal and written communication skills.

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