Senior Quantitative Model Developer Credit Risk Forecasting

U.S. Bank; San Francisco (CA); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

11 paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a motivated Model Developer to join the Model Development & Decision Support (MDDS) team. You will develop expected loss forecasting models for CRE and Small Business portfolios, ensuring regulatory alignment and strong risk management.

You will communicate model results to stakeholders, monitor performance, backtest findings, and contribute to data development, documentation, and BAU integrations.

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

• Develop and implement expected loss forecasting models for CRE and Small Business portfolios.
• Ensure compliance with CECL, CCAR and other regulatory requirements.
• Communicate model functions and predictions to stakeholders to enable risk management.
• Support model performance monitoring, backtesting, and data development.

Skills

Python

Communication skills

Model risk management

Project management

Data analysis

Git

Education

Bachelor’s degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

SAS

Git

Job description

U.S. Bank is seeking a motivated Model Developer to join the Model Development & Decision Support (MDDS) team. You will develop expected loss forecasting models for CRE and Small Business portfolios, ensuring regulatory alignment and strong risk management.

You will communicate model results to stakeholders, monitor performance, backtest findings, and contribute to data development, documentation, and BAU integrations.