Director, Retail Credit Risk Modeling

U.S. Bank; Minneapolis (MN); On-site; USD 170,000 - 200,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank in Minneapolis seeks a senior quantitative leader to oversee retail credit risk modeling within the MDDS group. You will lead residential real estate and other retail credit models, shaping strategy and engaging with regulators and senior stakeholders.

You will direct model development, validation, and governance across portfolios, while developing talent and advancing modeling modernization. Strong leadership, communication, and CECL/CCAR expertise are essential.

Qualifications

• Bachelor’s degree (MA/MS/PhD in a quantitative field strongly preferred) and nine+ years of relevant experience.
• Five+ years of experience leading credit risk model development or closely related experience.
• Proven ability to lead teams and set modeling direction across portfolios.

Responsibilities

• Lead a portfolio of complex, high-profile retail credit model development projects.
• Set quantitative direction, model structures, and methodology standards across retail credit risk.
• Oversee model development, testing, documentation, implementation, monitoring, and use to ensure high-quality practices.
• Lead and develop managers responsible for retail credit risk modeling teams and talent development.
• Advance scalable processes, analytical capabilities, and supporting data and technology.
• Lead modeling responses to regulatory exams, audits, and model validations with regulators and executives.
• Partner with business, risk, validation, and audit leaders to align on high-impact issues.
• Communicate model approaches, results, limitations, and implications to senior audiences.

Skills

Quantitative leadership

People leadership

Communication

Statistical modeling

Regulatory knowledge

Programming & data platforms

Education

Bachelor’s degree in quantitative field

Tools

Python

SQL

SAS

Job description

U.S. Bank in Minneapolis seeks a senior quantitative leader to oversee retail credit risk modeling within the MDDS group. You will lead residential real estate and other retail credit models, shaping strategy and engaging with regulators and senior stakeholders.

You will direct model development, validation, and governance across portfolios, while developing talent and advancing modeling modernization. Strong leadership, communication, and CECL/CCAR expertise are essential.