Quantitative Model Analyst 2

About the Role

Creates, validates, tests, documents, implements, and/or oversees 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.

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.

This position requires running daily MSR (Mortgage Servicing Rights) valuation and conducting attribution analysis on decay of MSR values. Running quarterly CCAR testing and generating reports.

Responsibilities

• Run daily MSR (Mortgage Servicing Rights) valuation and conduct attribution analysis on decay of MSR values.
• Run quarterly CCAR testing and generate reports.
• Create, validate, test, document, implement, and oversee complex statistical models used in financial decision making.
• Develop model development and validation documentation including presentations, written reports, code documentation, business requirements, monitoring reports, and procedures.

Requirements

• 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.
• Three years of experience in mortgage banking.
• Good knowledge of MSR (Mortgage Servicing Rights) valuation and Polypaths operation.
• Proficiency in Python script and PowerBI.
• Master's degree in Economics, Finance, or Statistics preferred.

Skills

• Basic knowledge of various regression techniques, parametric and non-parametric algorithms, time series techniques, and other statistical models.
• Familiarity with various model validation tests/methodologies, using SAS or similar statistical packages.
• Basic data compilation, programming skills, and qualitative analysis skills.
• Basic knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches.
• Understanding of applicable regulatory rules, guidance, or supervisory letters.
• Strong analytical, organizational, problem-solving, negotiation, and project management 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 $92,820.00 - $109,200.00, reflecting figures based on the primary location. The actual range may differ based on the location of the role. 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).