Model Validation Director - Consumer and Payments

U.S. Bank; New York (NY); On-site; USD 215,000 - 253,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Life insurance

Short-term & long-term disability

Paid vacation

Paid holidays

401(k) and retirement plan

Parental leave

Sick leave

Job summary

U.S. Bank is seeking an experienced Model Validation Director for Consumer and Payments within Risk Management, to lead independent validation and model risk oversight.

The role requires deep knowledge of consumer and payments modeling and advanced analytics to challenge and guide model developers and business leaders. The successful candidate will shape validation practices across the portfolio, mentor senior quantitative staff, and communicate model risks to senior management and regulators

Qualifications

• Advanced degree in a quantitative field with 10+ years of modeling/model risk experience.
• Experience leading model risk oversight across consumer and payments domains.
• Strong knowledge of statistical modeling, ML/AI, and model performance assessment.
• Experience developing/validating sophisticated models and evaluating internal and third-party models.
• Understanding of data, model implementation, monitoring, and lifecycle processes.
• Ability to translate quantitative issues into business decisions and risk implications.
• Executive communication, stakeholder management, and influencing skills.
• Proven ability to build and lead advanced quantitative teams.

Responsibilities

• Leads a team for independent validation and model risk oversight across Consumer and Payments (credit decisioning, pricing, account management, marketing, payments, collections).
• Provides independent challenge of model design, data, implementation, performance, monitoring and business use.
• Maintains knowledge of leading modeling practices including ML/AI and evolving techniques.
• Interprets model risks and communicates conclusions to senior management and regulators.
• Partners with model developers, owners, and Data & Technology while maintaining second-line independence.
• Identifies opportunities to strengthen model quality and lifecycle management across the portfolio.

Skills

Advanced quantitative degree

Model risk experience

Consumer/Payments modeling

Statistical modeling

Machine learning/AI

Python/SAS/R/SQL

Model lifecycle

Business impact

Executive communication

Leadership of quantitative teams

Education

Advanced quantitative degree

Tools

Python

SAS

R

SQL

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

U.S. Bank is seeking an experienced Model Validation Director for Consumer and Payments within Risk Management and Compliance. This executive will lead independent model risk oversight and validation and serve as a senior MRM partner to model developers and business leaders. The role requires deep understanding of Consumer and Payments businesses, leading modeling practices, and emerging analytical techniques to provide effective challenge and support responsible innovation.

Essential Functions

• Leads a highly skilled quantitative team responsible for independent validation and model risk oversight across Consumer and Payments, including credit decisioning, pricing, account management, marketing, payments, collections and other customer decision models.
• Provides independent challenge of model design, methodology, data, implementation, performance, monitoring and business use, applying benchmarking, back-testing, sensitivity analysis and challenger approaches.
• Maintains strong knowledge of leading modeling practices and emerging techniques, including machine learning and AI, to effectively challenge model development and modernization.
• Develops a strong understanding of business strategies, customer decisions and model applications to assess both technical model risk and potential business impact.
• Provides MRM perspective on internal, vendor and hybrid modeling approaches, including methodology, data, model transparency, performance and ongoing monitoring.
• Partners effectively with model developers, model owners, business leaders, Data and Technology, while maintaining clear second-line independence and effective challenge.
• Identifies broader themes and opportunities to strengthen model quality, development practices, monitoring and lifecycle management across the portfolio.
• Communicates model risks, limitations and validation conclusions clearly to senior management, regulators and Internal Audit.
• Builds and develops strong quantitative talent with relevant Consumer, Payments and advanced analytics expertise.

Preferred Skills / Qualifications

• Advanced quantitative degree and 10+ years of relevant modeling/model risk experience, with significant leadership experience.
• Deep experience in Consumer and/or Payments modeling, preferably across multiple areas such as underwriting, credit scoring, pricing, marketing/customer analytics, account management, collections or payments.
• Strong knowledge of statistical modeling, machine learning, AI and model performance assessment, with proficiency in Python, SAS, R and/or SQL.
• Demonstrated experience developing and/or validating sophisticated models and evaluating internally developed and third-party models.
• Strong understanding of data, model implementation, monitoring and model lifecycle practices.
• Ability to connect complex quantitative issues to business decisions, customer outcomes and risk implications.
• Strong executive communication, stakeholder management and influencing skills.
• Demonstrated ability to build and lead advanced quantitative teams.

This role requires working from a U.S. Bank location three (3) or more days per week. If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits

• Healthcare (medical, dental, vision)
• Basic term 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 (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $214,795.00 - $252,700.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.