Quantitative Analyst - Artificial Intelligence/Machine Learning

U.S. Bank National Association; Minneapolis (MN); Hybrid; USD 105,000 - 124,000; Full time

Benefits offered by this job

Healthcare & benefits

401(k) plan

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a sharp Quant to join the AI/ML Validation Center of Excellence in Model Risk Management. You will develop benchmark AI/ML models, run validation, and contribute to guidance, training, and white papers. Expect to test Gen AI models, document findings, and communicate outcomes to stakeholders.

The role requires strong coding, statistics, and ML skills, with collaboration across Marketing, Fraud, Credit Risk, and Operations. Hybrid work, Minnesota location preferred.

Qualifications

• Bachelor’s degree in a quantitative field with at least 5 years of relevant experience.
• MA/MS in a quantitative field, and 3 or more years of related experience.
• PhD in a quantitative field, and less than 2 years of related experience.

Responsibilities

• Develop benchmark AI/ML models and perform model development and review.
• Implement and evaluate algorithms; monitor risk mitigation and remediation.
• Conduct R&D on AI/ML methodologies and potential use cases.
• Review model development docs and independently test AI/Gen AI models.
• Create technical guidance documents, training material, and white papers.
• Communicate model requirements and validation outcomes to stakeholders.

Skills

Statistical modeling

ML algorithms

Python data science

Deep learning

NLP & LLM

DL frameworks

Research in AI

Finance domain knowledge

Model Risk Mgmt

Independence & leadership

Project management

Communication skills

Education

Bachelor’s degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

NumPy

Pandas

scikit-learn

PyTorch

TensorFlow/Keras

MXNet

LangChain

LlamaIndex

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

We’re looking for a sharp quantitative analyst who’s adept at advanced AI/ML algorithms to join our AI/ML Validation Center of Excellence in Model Risk Management. The team plays a critical role in providing oversight to U.S. Bank’s Artificial Intelligence Models across various business areas, such as Marketing, Fraud, Credit Risk and Bank Operations.

As a Quant you will develop benchmark AI/ML models, perform activities related to AI/ML model development and model review, including model development, algorithm selection, performance evaluation, implementation, monitoring, model risk mitigation and remediation. In addition, you will be responsible for conducting R&D for various AI/ML methodologies and their potential applications and use cases.

Deliverables include reviewing model development documentation, independently testing of advanced AI/ML and Generative AI models, developing technical guidance documents, training curriculum and white paper, and communicating model requirements and validation outcome to stakeholders within the Bank.

Basic Qualifications

• Bachelor’s degree in a quantitative field required with at least 5 years of relevant experience

OR

• MA/MS in a quantitative field, and 3 or more years of related experience

OR

• PhD in a quantitative field, and less than 2 years of related experience

Preferred Skills/Experience

• Strong statistical modeling or computer science background and hands on model development skills
• Considerable knowledge of various machine learning algorithms and their applications, including Random Forest, GBM, XGBoost, deep learning, NLP, computer vision, and LLM.
• Experience with building complex deep learning architectures such as MLPs, RNNs, CNNs and Generative AI frameworks such as RAG and Agentic AI.
• Strong programming skills using Python packages such as Numpy, Pandas, and scikit-learn.
• Hands on experience with deep learning or LLM software frameworks such as PyTorch, Tensorflow/Keras, MXNet, LangChain and Llamaindex are strongly preferred
• Research experience and publications on AI or Gen AI are preferred
• Experience in financial industry is preferred but not required
• Advanced understanding of Model Risk Management and OCC SR 11-7 is a plus
• Demonstrated independence, teamwork and leadership skills
• Strong project management skills
• Excellent written and verbal communication skills

LOCATION EXPECTATIONS

This role requires working from a U.S. Bank Location three (3) or more days per week.

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 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: $105,400.00 - $124,000.00

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.