Quantitative Model Analyst - Mortgage Modeling

US Bank; Hopkins (MN); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

Retirement plan (401(k) and employer)

Paid vacation and holidays

Disability coverage

Parental leave

Adoption assistance

Life insurance

Job summary

U.S. Bank is seeking a senior quantitative modeler to lead complex modeling efforts across validation and performance management for mortgage-related projects.

The role involves modeling, data analysis, and documentation with exposure to senior leadership and regulatory considerations. The candidate should have a strong statistical background, experience with SAS/R/Python, and a track record in timeseries and risk modeling.

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.
• Strong statistical modeling background and familiarity with regression, time series, and model validation.

Responsibilities

• Perform all phases of large complex model development, validation, and performance management.
• Interact with senior managers and present technical information clearly.
• Progress toward SME in one or more areas and stay aware of mortgage industry trends.

Skills

Statistical modeling

Python

R

SAS

C++

VBA

Times series

Project management

Education

Bachelors degree in quantitative field

MA/MS in quantitative field

Tools

SAS

R

Python

C++

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:

• 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 .

Salary

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 pensio