Quantitative Model Development Manager

US Bancorp
Published
29 March 2023
Location
Eden Green, Chicago
Category

Description

At U.S. Bank, were passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the countrys most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Job Description Leads a team whose primary purpose is to create, validate, test, document, implement, and/or oversee usage of complex statistical models. The models may cover a variety of products or services, however, all models are used as part of the financial decision-making process. Specific results focus on documenting the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank. Responsible for oversight of a team whose deliverables include 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. The role is highly technical and requires significant interaction with regulators (OCC and FRB) along with the ability to explain complex items in a straight forward manner. Basic Qualifications 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 Preferred Skills/Experience Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS, Python, R or similar statistical package 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 INDMO LI-Remote If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company. Benefits: Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. Thats why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

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