Quantitative Model Analyst - Treasury

U.S. Bank; Charlotte (NC); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare

Life Insurance

Disability

Leave & holidays

401(k)

Vacation pay

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a quantitative analyst to build complex statistical models for balance sheet forecasting and interest rate risk analysis. You will develop, test, and document models used in Treasury's decision-making and communicate findings to stakeholders.

The role requires strong programming and data skills, experience with regression and time-series methods, and the ability to manage multiple tasks across timelines. Located in a U.S. Bank facility with hybrid/onsite expectations.

Qualifications

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

Responsibilities

• Develop and maintain advanced statistical models for balance sheet forecasting and interest rate risk analysis.
• Communicate modeling approaches and results to stakeholders across the bank.
• Deliverables include model development documentation, presentations, and code documentation.

Skills

Regression techniques

Time series

Python

Data compilation

Risk management

Regulatory knowledge

Project management

Communication skills

Education

Bachelor's degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

Python

Statistical modeling

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

Corporate Treasury is a division within the CFO group responsible for providing executive management with accurate, timely, and comprehensive forecasts of the balance sheet and net interest income (NII). Models developed within Corporate Treasure are used to position its balance sheet in line with its risk appetite and expectations for changes in interest rates (IRR) or macroeconomic conditions (BAU/capital stress testing). Our team is seeking a strong, decisive, and results-oriented quantitative analyst who will be responsible for building complex statistical models. These models may cover a variety of balance sheet items and are used as part of Treasury’s financial decision-making process.

Key Responsibilities

Key responsibilities include developing and maintaining advanced statistical models used for balance sheet forecasting and interest rate risk analysis. This model development process is holistic and includes estimating, testing, documenting, implementing, and maintaining macroeconomic forecasting model frameworks. The role also involves communicating modeling approaches and results to stakeholders across the bank. Deliverables include model development documentation such as presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures.

Basic Qualifications

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

Preferred Skills/Experience

• Thorough knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using Python
• Thorough data compilation, programming skills and qualitative analysis skills
• Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Advanced understanding 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
• Demonstrated independence, teamwork and leadership 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

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.

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: $98,175.00 - $115,500.00

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.