Quantitative Model Analyst 2

Relha LLC; Hopkins, Northern (MN, KY); Hybrid; USD 93,000 - 109,000; Full time

Job summary

U.S. Bank is seeking a quantitative analyst to design, validate, and implement complex statistical models used in financial decision making, including MSR valuation.

The role includes running daily MSR valuation, attribution analysis, and quarterly CCAR testing with reports to stakeholders. A Bachelor’s or MA/MS in a quantitative field is required, with mortgage banking experience preferred.

Qualifications

• Bachelor’s degree in a quantitative field with 3+ years of relevant experience
• Alternatively MA/MS in a quantitative field with <3 years related experience
• Experience with MSR valuation and CCAR testing preferred
• Experience in mortgage banking and MSR valuation is desirable

Responsibilities

• Create, validate, test, document, and oversee complex statistical models used in financial decision making
• Run daily MSR valuation and attribution analysis of MSR value decay
• Conduct quarterly CCAR testing and generate reports for stakeholders

Skills

Strong analytical skills

Project management

Communication skills

Negotiation skills

Education

Bachelor’s degree in a quantitative field

MA/MS in a quantitative field

Tools

Python

PowerBI

SAS

Polypaths

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

NOTE: This position is not eligible for current or future visa sponsorship.

Creates, validates, tests, documents, implements, and/or oversees usage of complex statistical models. The models may cover a variety of products or services, however, all models are used as part of the financial decision making process. Specific results focus on documenting the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank. Deliverables include the creation of model development and/or validation documentation such as: presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures.

Additional Description

This position requires running daily MSR (Mortgage Servicing Rights) valuation and conducting attribution analysis on decay of MSR values. Running quarterly CCAR testing and generating reports.

Basic Qualifications

• Bachelor’s degree in a quantitative field, and three or more years of relevant experience

OR

• MA/MS in a quantitative field, and less than three years of related experience

Preferred Skills/Experience

• - Three-years of experience of mortgage banking
• - Good knowledge of MSR (Mortgage Servicing Rights) valuation and Polypaths operation
• - Proficiency in Python script and PowerBI
• - Master degree in Economics, Finance or Statistics
• - Basic knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS or similar statistical package
• - Basic data compilation, programming skills and qualitative analysis skills
• - Basic knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• - Basic knowledge of applicable regulatory rules, guidance, or supervisory letters
• - Ability to manage multiple tasks across various timelines
• - Strong analytical, organizational, problem-solving, negotiation, and project management skills
• - Effective interpersonal, verbal and written communication skills

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

NOTE: This position is not eligible for current or future visa sponsorship.

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.

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• 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: $92,820.00 - $109,200.00

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.