Credit Risk Modeling Analyst – Quantitative Expert

Socket.dev; Minnesota; On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Holiday opportunities

Sick leave

Job summary

U.S. Bank is seeking a motivated Model Developer to join the Model Development & Decision Support (MDDS) team.

You will develop and implement expected loss forecasting models for Commercial Real Estate and Small Business portfolios, ensuring compliance with CECL, CCAR, and other regulatory requirements. You will collaborate across risk, finance, and audit to maintain policy alignment while delivering clear model documentation and presentations.

Qualifications

• Bachelor’s degree in a quantitative field with 5+ years of relevant experience
• MA/MS in a quantitative field with 3+ years of related experience
• PhD in a quantitative field with <2 years of related experience
• Experience building credit models for commercial exposures
• Experience with model validation and model risk management
• Strong data compilation and quality review skills

Responsibilities

• Develop and implement expected loss forecasting models for CRE and Small Business portfolios
• Ensure alignment with CECL, CCAR, and regulatory requirements
• Maintain risk management policies and collaborate with cross-functional teams
• Communicate model functions and predictions to stakeholders for BAU integration
• Support model performance monitoring, backtesting, and data development
• Prepare comprehensive model technical documents and presentations

Skills

Python

SAS

Credit risk modeling

Communication skills

Risk management knowledge

Model performance monitoring

BAU integration

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 join the Model Development & Decision Support (MDDS) team.

You will develop and implement expected loss forecasting models for Commercial Real Estate and Small Business portfolios, ensuring compliance with CECL, CCAR, and other regulatory requirements. You will collaborate across risk, finance, and audit to maintain policy alignment while delivering clear model documentation and presentations.