Hybrid Quantitative Model Validation Analyst 3

at U.S. Bank

• Job title: Quantitative Model Validation Analyst 3
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $111,095 - $130,700 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Python
• Location requirements: Hybrid, Chicago, United States

About the role

• Quantitative Model Validation Analyst at U.S. Bank validating complex financial risk management models. Collaborating with business lines and Model Risk Management through the model development cycle.

Responsibilities

• Validates and oversees creation and usage of complex financial risk management models.
• The models cover a variety of products or services related to mortgages, capital market and wealth management areas.
• Works with multiple business lines and Model Risk Management team through the model development cycle performing data analysis, testing, documentation verification, benchmarking, creation and coding of challenger models, implementation testing and verification, monitoring.
• Deliverables include written reports covering validation reviews, identification of risk concerns, and presentations/communication of the outcomes to the stakeholders.
• The group provides a collegial work environment and encourages technical skills development.

Requirements

• Bachelor’s degree in a quantitative field, and five or more years of relevant experience OR
• MA/MS in a quantitative field, and three or more years of related experience OR
• PhD in a quantitative field, and less than two years of related experience
• Knowledge of fixed income and derivative valuation
• Knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, broad range of statistical models, various model validation tests / methodologies, using Python, R, SAS or similar statistical package
• Data compilation, programming skills and qualitative analysis skills
• Knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• 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

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