Quantitative Credit Risk Model Developer

Usbank; Los Angeles (CA); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare

401(k)

Paid vacation

11 paid holidays

Disability benefits

Job summary

U.S. Bank in Los Angeles is seeking a motivated Model Developer to join the MDDS team to support the development and implementation of expected loss forecasting models for Commercial Real Estate and Small Business portfolios, ensuring CECL/CCAR compliance.

You will collaborate with credit portfolio risk management, corporate finance, model validation, and audit services to deliver robust models and communicate results to stakeholders, integrating modeling into BAU activities.

Qualifications

• Bachelor's degree in a quantitative field with 5+ years of experience.
• MA/MS in quantitative field with 3+ years of related experience.
• PhD in quantitative field with less than 2 years of related experience.

Responsibilities

• Develop and implement expected loss forecasting models for CRE and Small Business.
• Ensure CECL/CCAR compliance and alignment with risk management policies.
• Backtest, monitor model performance, and investigate anomalies.
• Prepare technical documents and present findings to stakeholders.

Skills

Python

SAS

Git

Statistical modeling

Credit risk

Education

Bachelor's degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

Git

SAS Studio

SQL

Job description

U.S. Bank in Los Angeles is seeking a motivated Model Developer to join the MDDS team to support the development and implementation of expected loss forecasting models for Commercial Real Estate and Small Business portfolios, ensuring CECL/CCAR compliance.

You will collaborate with credit portfolio risk management, corporate finance, model validation, and audit services to deliver robust models and communicate results to stakeholders, integrating modeling into BAU activities.