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Quantitative Model Validation Analyst

US Bank
Quantitative Model Validation Analyst
Chicago, US
110,000 - 150,000
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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

Validates, tests, documents, and oversees usage of complex statistical Treasury Risk models. Regularly reviews model monitoring reports. The models may cover a variety of products or services, however, most models are used as part of the financial decision making process though regulatory stress testing. Specific results focus on documenting the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank. Deliverables include the creation of model validation documentation such as: presentations, written validation and annual review reports, and related code reviews, review and closure of issues and findings, etc.

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

- Strong statistical modeling or model validation background based on technical training or advanced education in a quantitative field

- Strong knowledge of various regression techniques, times series techniques, parametric and non-parametric models, and other statistical models, various model validation tests/methodologies, using R, SAS, Python or similar statistical package

- Strong data compilation, coding skills, qualitative analysis skills, and knowledge of SQL

- Advanced knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches

- Demonstrated independence, team work and leadership skills

- Strong project management skills

- Excellent written and verbal communication skills

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