Quantitative Model Analyst 2

About the Role

Corporate Treasury is a division within the CFO group responsible for providing executive management with accurate, timely, and comprehensive forecasts of the balance sheet, net interest income (NII), and Non-Interest Income Revenue. The Asset & Liability Management Quantitative Finance group supports these efforts by developing quantitative models and methods that link the Bank’s balance sheet and Income Statement to the broader macroeconomic environment.

We are seeking a strong, decisive, results-oriented quantitative analyst to build complex statistical models for our income statement. The model-building process is holistic and includes estimating, validating, testing, documenting, implementing, and maintaining macroeconomic forecasting model frameworks. These models may cover a variety of bank products and related functions and are used as part of Treasury’s financial decision-making process.

Deliverables include creating 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 also involves communicating modeling approaches and results to stakeholders across the bank.

Responsibilities

• Build complex statistical models for the income statement, covering estimating, validating, testing, documenting, implementing, and maintaining macroeconomic forecasting model frameworks.
• Develop models for a variety of bank products and related functions.
• Create comprehensive documentation, including presentations, written reports, model or reporting code documentation, business requirements, monitoring reports, and procedures.
• Communicate modeling approaches and results to stakeholders across the bank.

Qualifications

• Bachelor’s degree in a quantitative field and three or more years of relevant experience OR MA/MS in a quantitative field and less than three years of related experience.

Skills

• Thorough knowledge of various regression techniques, parametric and non-parametric algorithms, time series techniques, and other statistical models.
• Experience with model validation tests/methodologies and using Python or similar statistical packages.
• Strong data compilation, programming, and qualitative analysis skills.
• Thorough knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches.
• Advanced understanding of applicable regulatory rules, guidance, or supervisory letters.
• 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.

Location Expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

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.

Pay

The salary range for this role is $86,360.00 - $101,600.00, reflecting figures based on the primary location. The actual range may differ based on the role's location. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, and 401(k) contribution and pension (all benefits are subject to eligibility requirements).