Quantitative Model Validation Analyst

About the role

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Responsibilities

• Performs independent validation of market risk and capital markets models used in trading, valuation, risk measurement, and regulatory capital calculations. Models may include VaR, counterparty credit risk, xVA, stress testing models, pricing and valuation models, sensitivities/Greeks, curve construction, and related risk analytics.
• Executes validation activities across the model lifecycle, including:
  • Conceptual soundness reviews referencing financial theory and market practice
  • Quantitative testing (benchmarking, sensitivity analysis, back testing, stress testing, outcomes analysis)
  • Model implementation and controls review
  • Evaluation of ongoing model performance and monitoring processes
  • Identification and tracking of model limitations, compensating controls, and overlays
• Produces clear, well-structured model validation documentation aligned with internal standards and regulatory expectations. Deliverables include validation reports, presentations, test results, code documentation, monitoring report reviews, and related procedures.
• Works closely with model developers, risk managers, and governance teams while maintaining independent challenge and escalation of material model risks.
• Supports responses to regulatory exams, internal audit, and supervisory findings.

Requ