Quantitative Model Analyst 2

U.S. Bank; St. Louis (MO); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability insurance

Retirement plan

Paid vacation

Job summary

U.S. Bank is seeking an experienced data scientist to lead large, complex model development across projects, including design, testing, and validation.

The role requires strong statistical training and the ability to interact with senior management, with occasional oversight exposure. The candidate should have a solid background in quantitative analysis, mortgage risk knowledge, and practical programming skills (Python, VBA, C++).

Qualifications

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

Skills

Statistical modeling

Regression analysis

Time series

Data compilation

Python

VBA

C++

Education

Bachelors in quantitative field

MA/MS in quantitative field

Tools

SAS

R

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

Performs all phases of large complex model development, validation, and performance management for various types of projects. Projects may include data aggregation, model design, model selection, testing, documentation, validation, implementation, and execution. Incumbent should have a strong statistical modeling background based on technical training or advanced education in a quantitative field. May interact directly with senior managers requiring advanced levels of presentation and relationship building skills. This position will also have occasional exposure to internal and external oversight. Incumbent is expected to progress to a subject matter expert in one or more areas. Prefers a basic understanding of applicable laws, regulations, financial services, and regulatory trends that affect the mortgage industry. Position requires limited management direction.

Basic Qualifications

• Bachelor’s degree in a quantitative field, and three or more years of relevant experience
• MA/MS in a quantitative field, and less than three years of related experience

Preferred Skills/Experience

• Statistical modeling background based on technical training or advanced education in a quantitative field.
• Basic knowledge of various regression techniques (linear, logistic), parametric and non-parametric algorithms, times series techniques (ARIMA, GARCH), and other statistical models, various model validation tests/methodologies, using SAS, R, or similar statistical package.
• Experience with data compilation, programming skills and qualitative analysis skills such as Python, VBA, and C++.
• Basic knowledge of the Mortgage Industry. Specifically, knowledge pertaining to mortgage servicing rights (MSR) valuation, market risk hedging, and current coupon/primary mortgage rate generation.
• Knowledge of quantitative and qualitative risk factors (duration, convexity), industry risks, competition risks, and risk management approaches.
• Experience modeling or analyzing mortgage prepayments and delinquencies.
• Basic understanding of applicable laws, regulations, financial services, and regulatory trends that affect the mortgage business.
• Strong project management skills.
• Demonstrated independence, teamwork, and leadership skills.
• Effective interpersonal, written, and verbal communication skills.

LOCATION EXPECTATIONS:

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:

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:

• 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 .

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.