Independent Quantitative Model Validator

US Bank; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

U.S. Bank is seeking a Quantitative Model Validation Analyst within Risk Management to independently validate macroeconomic forecasting models used in CCAR, CECL, and capital planning.

You will challenge model assumptions, estimation techniques, and scenario design, ensuring compliance with regulatory guidance and internal standards. You will collaborate with model owners, developers, finance, and audit, translating complex quantitative concepts for diverse stakeholders and documenting

Qualifications

• Degree in a quantitative field with 5+ years of experience (or MA/MS with 3+ years).
• PhD with less than 2 years of related experience also considered.

Responsibilities

• Validate macroeconomic forecasting models used in regulatory and business planning.
• Provide independent conclusions on model risk, assumptions, and performance.
• Document validation procedures and present findings to governance bodies.
• Interact with model owners, risk, finance, and regulators to explain approaches.

Skills

Macroeconomic forecasting

Time-series analysis

Model validation

Regulatory knowledge

Written and verbal communication

Problem solving

Education

Bachelor's degree in a quantitative field

Master's degree in a quantitative field

PhD in a quantitative field

Tools

Python

SAS

R

Job description

U.S. Bank is seeking a Quantitative Model Validation Analyst within Risk Management to independently validate macroeconomic forecasting models used in CCAR, CECL, and capital planning.

You will challenge model assumptions, estimation techniques, and scenario design, ensuring compliance with regulatory guidance and internal standards. You will collaborate with model owners, developers, finance, and audit, translating complex quantitative concepts for diverse stakeholders and documenting