Credit Risk Model Developer - CRE & Small Business

Us Bank; New York (NY); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare benefits

Life insurance

Disability insurance

Parental leave

401(k) retirement plan

Paid vacation

Job summary

U.S. Bank is seeking a motivated Model Developer to support the MDDS team in building and implementing expected loss forecasting models for Commercial Real Estate and Small Business portfolios.

The role focuses on regulatory alignment, risk management, and collaboration with cross-functional teams to ensure models integrate into BAU processes. You will contribute to backtesting, data development, and comprehensive model documentation, while communicating complex methods to stakeholders and

Qualifications

• Bachelor’s degree in a quantitative field with 5+ years of experience, or MA/MS with 3+ years, or PhD with less than 2 years.
• Strong programming in Python and SAS, and experience delivering credit risk models.
• Excellent written and verbal communication with stakeholders.

Responsibilities

• Develop and implement expected loss forecasting models for CRE and Small Business portfolios.
• Ensure alignment with CECL, CCAR and regulatory requirements and risk policies.
• Communicate model functions and predictions to stakeholders for BAU integration.
• Support model monitoring, backtesting, and data development; document processes.
• Prepare comprehensive model documents and deliver oral/written presentations.

Skills

Python

SAS

Verbal communication

Written communication

Project management

Analytical skills

Education

Bachelor’s degree in quantitative field

MA/MS in quantitative field

PhD in quantitative field

Tools

Git

Job description

U.S. Bank is seeking a motivated Model Developer to support the MDDS team in building and implementing expected loss forecasting models for Commercial Real Estate and Small Business portfolios.

The role focuses on regulatory alignment, risk management, and collaboration with cross-functional teams to ensure models integrate into BAU processes. You will contribute to backtesting, data development, and comprehensive model documentation, while communicating complex methods to stakeholders and