Senior Quantitative Model Validator — Risk & Forecasting

U.S. Bank; Chicago (IL); On-site; USD 111,000 - 131,000; Full time

Job summary

U.S. Bank is seeking a Quantitative Model Validation Analyst to join the Risk Management and Compliance team.

The role focuses on independent validation of macroeconomic forecasting models used in CCAR, CECL, and capital planning with thorough risk-focused testing and scenario design. The incumbent will work with model owners and developers to challenge assumptions, estimation techniques, and forecasting performance, while communicating complex concepts clearly to technical and non-technical

Qualifications

• Bachelor’s degree in a quantitative field with 5+ years of related 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 macroeconomic forecasting models used in regulatory and business planning processes
• Assess model risks, limitations, and forecast errors
• Document validation procedures and present results to stakeholders
• Interact with model owners, developers, governance committees, and regulators

Skills

Economics

Finance

Statistics

Python

SAS

R

Macroeconomic forecasting

Stress testing

Communication skills

Education

Bachelor's degree in a quantitative field

MA/MS in a quantitative field

PhD in a quantitative field

Tools

Python

SAS

R

Job description

U.S. Bank is seeking a Quantitative Model Validation Analyst to join the Risk Management and Compliance team.

The role focuses on independent validation of macroeconomic forecasting models used in CCAR, CECL, and capital planning with thorough risk-focused testing and scenario design. The incumbent will work with model owners and developers to challenge assumptions, estimation techniques, and forecasting performance, while communicating complex concepts clearly to technical and non-technical