Quantitative Model Manager 1 - U.S. Bank

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** U.S. Bank Model Development & Decision Science (MDDS) team is seeking a quantitative model development manager for the wholesale credit risk modeling team. This position will develop wholesale Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) credit risk forecasting models for CCAR/DFAST and CECL. Desired candidate will have experience of credit loss modeling for these regulatory requirement and knowledge of wholesale/commercial, small business or retail portfolios. In this role, you will contribute to the success of U.S. Bank's credit risk modeling initiatives. This role will be part of a highly visible and dynamic quantitative risk function within U.S. Bank that leads credit stress testing (CCAR) and current expected credit losses (CECL) estimation. Responsibilities include developing, validating, documenting, and implementing credit risk forecasting models for the Bank's wholesale products (commercial and industrial (C&I) or commercial real estate (CRE)). You're also responsible for ensuring models are consistent with the Bank's risk management policies, procedures and practices by interfacing with staff in credit portfolio risk management, corporate finance, external reporting, as well as model validation and audit services. In addition, the analyst will communicate statistical model functions and predictions to stakeholders to demonstrate effective risk management and compliance as well as to foster integrations of credit risk modeling into business as usual (BAU) activities. Key deliverables include comprehensive written model technical documents, oral and written presentations, as well as written and commented code. **Basic Qualifications** - Bachelor's degree in a quantitative field, and 10 or more years of relevant experience OR - MA/MS in a quantitative field, and six or more years of related experience OR - PhD in a quantitative field, and five or more years of related experience **Preferred Skills/Experience** + Experience interpreting and applying Basel A-IRB, CCAR/DFAST, CECL regulatory rules and experience working with financial institution regulatory agencies + Experience underwriting or managing commercial or retail loansExperience working with internal model validation and model risk management ? + ?Experience working with large datasets and building or validating advanced statistical models (including regression and economic factor models) + Programming experience in Python, SAS (Base, STAT, and/or Enterprise Guide) Experience with MS Word, Excel, and PowerPoint + Ability to build strong relationships with a wide range of individuals from risk, finance, model validation, technology, and regulators + Strong analytical and problem solving skills, coupled with thoroughness and attention to detail + Strong oral and written communication skills + Ability to prioritize work, meet deadlines, work under pressure and independently while balancing multiple priorities in a dynamic and complex environment + Working knowledge of VBA, SQL, or R is a plus **_NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days._** **INDMO** 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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours): + 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 **EEO is the Law** U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal **KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12ScreenRdr.pdf)** EEO poster. **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 (https://careers.usbank.com/verification-of-eligibility-for-employment) . 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: $123,165.00 - $144,900.00 - $159,390.00 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. Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.