Hybrid Senior Analyst, Fair and Responsible Banking Model Review

at U.S. Bank

• Job title: Senior Analyst, Fair and Responsible Banking Model Review
• 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

• Analyst supporting U.S. Bancorp’s Fair and Responsible Banking Program through risk evaluation and monitoring. Collaborating with various stakeholders and ensuring model fairness and compliance.

Responsibilities

• Perform robust fair and responsible banking risk qualitative reviews and assessments for models used across the Company, evaluating compliance with fair lending laws and regulations, assessing inputs and explainability, escalating concerns to management, and overseeing corresponding risk mitigation efforts.
• Design, develop, monitor, and support a variety of model-related guidance and training in alignment with industry-driven best practices.
• Ensure guidance and training is robust, updated, and considers the Company’s current risk appetite.
• Collaborate with fair and responsible banking statisticians when performing deep dive reviews and assessments on high-risk models.
• Partner with fair and responsible banking stakeholders to perform root cause analyses and to assess potential risk drivers.
• Partner with Business Line personnel and model developers to assess business needs and perform searches for less discriminatory alternatives, evaluate viability, and document findings.
• Manage the fair and responsible banking model inventory and maintain appropriate controls to ensure comprehensive risk management of the Company’s models.
• Create reports summarizing fair and responsible banking risks and present results for review by internal and external (regulatory staff) audiences.
• Ensure documented interpretations and conclusions are appropriate.
• Maintain appropriate levels of documentation to support each review and assessment, ensuring the evaluation of fair and responsible banking risk is consistent with regulatory and industry expectations.
• Support and prepare materials related to examination, supervisory, enforcement, or internal audit/review requests.
• Provide timely risk escalation and awareness items to management and other stakeholders as appropriate.
• Identify and engage with the team in continuous improvement activities.

Requirements

• Bachelor's degree, or equivalent work experience. Degree in quantitative field (Mathematics, Statistics, Economics, etc.) is preferred.
• Typically more than 10 years of applicable experience
• Knowledge of Regulation B, Fair Housing Act, discrimination risk concepts, fair lending examination procedures, and prohibitions against unfair, deceptive, or abusive acts or practices (UDAAP).
• At least 8 years of experience in applicable laws, regulations, financial services, and risk management.
• Experienced and knowledgeable regarding fair and responsible banking concepts and risks specifically related to models (knowledge of Model Risk Management concepts and expectations a plus).
• Experienced and knowledgeable regarding modeling best practices as it relates to mitigating fair and responsible banking risk (statistical modeling and SAS programming experience a plus).
• Experienced and knowledgeable regarding artificial intelligence and machine learning techniques and concepts.
• Excellent project management and strategic skills.
• Must be detail oriented with a proven ability to manage a dynamic workload with multiple projects and changing priorities (experience as a project manager and/or people leader a plus).
• Great presentation skills with the ability to communicate and collaborate effectively with a variety end users and management.
• Writing experience (e.g., technical writing and business reporting).
• Proficient with Microsoft Office packages, specifically Word, Excel, and PowerPoint.

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