Quantitative Model Validation Analyst - Wholesale & Small Business Credit Loss

U.S. Bank; New York (NY); On-site; USD 105,000 - 124,000; Full time

Benefits offered by this job

Health insurance

Life insurance

Disability

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Job summary

U.S. Bank in New York seeks a Quantitative Model Validation Analyst to validate CCAR and CECL models across commercial portfolios.

You will deliver rigorous analysis, documentation, and stakeholder engagement within the Model Risk Management team. Responsibilities include independent validation, assessing model soundness, data reliability, performance metrics, and implementing testing; you will contribute to risk assessment, reporting, and regulatory readiness while collaborating with

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 <2 years of related experience

Responsibilities

• Validate wholesale and small business loss forecasting models (CCAR/CECL) and risk scorecards.
• Assess model soundness, data reliability, metrics, monitoring, and testing.
• Design validation tests, benchmark analyses, and outcome reviews.
• Document findings and communicate risks clearly to stakeholders and regulators.
• Support improvements in validation practices and tooling.

Skills

Python

SAS

Data analysis

AI tools

Technical writing

Communication

Problem solving

Collaboration

Education

Bachelor's degree in quantitative field

MA/MS in quantitative field

PhD in quantitative field

Tools

SQL

SAS Studio

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
• 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

• 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

• 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: $105,400.00 - $124,000.00

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.