Quantitative Model Validation Analyst - Wholesale & Small Business Credit Loss

US Bank; Minneapolis (MN); On-site; USD 120,000 - 160,000; Full time

Job summary

U.S. Bank in Minneapolis seeks a Quantitative Model Validation Analyst to support independent validation of CCAR and CECL credit loss forecasting models for wholesale and small business portfolios. The role focuses on rigorous analysis, documentation, and clear communication with stakeholders.

The position requires advanced quantitative education and hands-on experience with validation, data and method evaluation, and collaboration with risk teams and regulators.

Qualifications

• Bachelor's degree in a quantitative field with 5+ years of relevant experience.
• MA/MS in a quantitative field with 3+ years of related experience.
• PhD in a quantitative field with less than 2 years of related experience.
• Experience with CCAR and CECL validation is preferred.

Responsibilities

• Conduct independent validation of wholesale and small business portfolio credit loss forecasting models supporting CCAR stress testing and CECL requirements.
• Evaluate model conceptual soundness, data reliability, performance metrics, monitoring, and implementation testing.
• Design and execute validation testing, including benchmarking, sensitivity analysis, and outcome analysis.
• Identify emerging risks and assess impact of evolving market conditions on model performance.
• Document and communicate validation outcomes and findings to stakeholders and regulators.
• Support initiatives to enhance validation practices and leverage advanced tools and technologies.

Skills

Technical writing

Communication

Independence

Education

Bachelor's degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

Python

SAS

AI tools

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

We are looking for someone who is curious, motivated to learn, and brings a positive, collaborative attitude to our Wholesale and Small Business Model Validation team. The role sits within the Model Risk Management department, part of the Risk Management and Compliance organization at U.S. Bank. As a Quantitative Model Validation Analyst, you will support the independent validation of CCAR and CECL credit loss forecasting models and risk rating scorecard models across commercial portfolios. These models are foundational to enterprise credit risk assessment, loss forecasting, reserving, and capital planning, offering a unique opportunity to deliver high-impact insights through rigorous analysis, clear documentation, and strong stakeholder engagement.

Key Responsibilities

• Conduct independent validation of the Bank's wholesale and small business portfolio credit loss forecasting models supporting CCAR stress testing and CECL requirements.
• Evaluate model conceptual soundness, the reasonableness of assumptions, the reliability of data, the appropriateness of performance metrics, the effectiveness of model monitoring, and the adequacy of implementation testing.
• Design and execute validation testing, including benchmarking, sensitivity analysis, and outcome analysis, to assess model limitations, uncertainty, assumption risk, and forecast reasonableness.
• Identify emerging risks and assess the impact of evolving market conditions on model performance, conducting research to evaluate potential model degradation and associated model risk.
• Document and communicate validation outcomes and findings, ensuring model risks are accurately identified, timely escalated, and clearly understood by stakeholders and regulators.
• Support departmental initiatives to enhance validation practices, streamline validation processes, and leverage advanced tools and technologies to improve efficiency and effectiveness.

Basic Qualifications

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

Preferred Skills/Experience

• Master's or Ph.D. degree in a quantitative discipline with a strong academic record.
• Proficiency in Python, SAS, or other analytical programming languages.
• Experience working with complex datasets, regression methodologies, and statistical diagnostic tests.
• Strong technical writing and communication skills, with attention to detail in documentation and reporting.
• Experience leveraging AI tools and agents to support coding, research, and process efficiency.
• Strong problem-solving and research skills, with the ability to investigate complex issues, identify root causes, and develop practical business solutions.
• Ability to work independently and collaboratively in a team environment, manage multiple priorities, and respond effectively to time-sensitive requests.

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 planPaid 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.

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