Quantitative Model Validation Analyst - Wholesale & Small Business Credit Loss

About the Role

We are seeking a curious and motivated Quantitative Model Validation Analyst to join our Wholesale and Small Business Model Validation team within the Model Risk Management department at U.S. Bank. This role offers a unique opportunity to deliver high-impact insights through rigorous analysis, clear documentation, and strong stakeholder engagement, focusing on CCAR and CECL credit loss forecasting models and risk rating scorecard models across commercial portfolios.

Responsibilities

• Conduct independent validation of wholesale and small business portfolio credit loss forecasting models supporting CCAR stress testing and CECL requirements.
• Evaluate model conceptual soundness, assumptions, data reliability, performance metrics, monitoring effectiveness, and implementation testing adequacy.
• Design and execute validation testing, including benchmarking, sensitivity analysis, and outcome analysis, to assess model limitations, uncertainty, assumption risk, and forecast reasonableness.
• Identify emerging risks and assess the impact of evolving market conditions on model performance, conducting research to evaluate potential model degradation and associated model risk.
• Document and communicate validation outcomes and findings, ensuring model risks are accurately identified, timely escalated, and clearly understood by stakeholders and regulators.
• Support departmental initiatives to enhance validation practices, streamline processes, and leverage advanced tools and technologies for improved efficiency and effectiveness.

Qualifications

• Bachelor’s degree in a quantitative field with five or more years of relevant experience.
• OR Master’s degree in a quantitative field with three or more years of related experience.
• OR Ph.D. in a quantitative field with less than two years of related experience.

Preferred Skills

• Master’s or Ph.D. in a quantitative discipline with a strong academic record.
• Proficiency in Python, SAS, or other analytical programming languages.
• Experience with complex datasets, regression methodologies, and statistical diagnostic tests.
• Strong technical writing and communication skills, with attention to detail in documentation and reporting.
• Experience leveraging AI tools for coding, research, and process efficiency.
• Strong problem-solving and research skills, with the ability to investigate complex issues and develop practical solutions.
• Ability to work independently and collaboratively, manage multiple priorities, and respond to time-sensitive requests.

Location Expectations

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

Benefits

• Healthcare (medical, dental, vision)
• Basic 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 (2-5 weeks based on salary grade and tenure)
• Up to 11 paid holidays
• Adoption assistance
• Sick and Safe Leave accruals (1 hour per 30 worked, up to 80 hours per year)

Pay

$105,400.00 - $124,000.00