Model Validation Director - Consumer and Payments

U.S. Bank•Minneapolis, NY

1d•$214,795 - $252,700•Hybrid

About The Position

U.S. Bank is seeking an experienced Model Validation Director for Consumer and Payments within Risk Management and Compliance. This executive will lead independent model risk oversight and validation and serve as a senior model risk management partner to model developers and business leaders. The position requires deep understanding of Consumer and Payments businesses, leading modeling practices, and emerging analytical techniques to provide effective challenge and support responsible innovation. The director leads a highly skilled quantitative team responsible for independent validation and model risk oversight across Consumer and Payments, including credit decisioning, pricing, account management, marketing, payments, collections, and other customer decision models. The role evaluates model design, methodology, data, implementation, performance, monitoring, and business use, and communicates model risks, limitations, and validation conclusions to senior management, regulators, and Internal Audit. It also partners with developers, owners, business leaders, and Data and Technology while maintaining second-line independence, identifies portfolio-wide opportunities to strengthen model practices, and develops quantitative talent. The role requires working from a U.S. Bank location three or more days per week. Compensation is listed as $214,795 to $252,700, with the actual range potentially varying by location. U.S. Bank also offers a comprehensive benefits package, subject to eligibility requirements.

Requirements

Advanced quantitative degree.
At least 10 years of relevant modeling or model risk experience, with significant leadership experience.
Deep experience in Consumer and/or Payments modeling, preferably across multiple areas such as underwriting, credit scoring, pricing, marketing/customer analytics, account management, collections, or payments.
Strong knowledge of statistical modeling, machine learning, AI, and model performance assessment.
Proficiency in Python, SAS, R, and/or SQL.
Experience developing and/or validating sophisticated models and evaluating internally developed and third-party models.
Strong understanding of data, model implementation, monitoring, and model lifecycle practices.
Ability to connect complex quantitative issues to business decisions, customer outcomes, and risk implications.
Strong executive communication, stakeholder management, and influencing skills.
Demonstrated ability to build and lead advanced quantitative teams.
Ability to work from a U.S. Bank location three or more days per week.

Nice To Haves

Experience in Consumer and/or Payments modeling across multiple areas, including underwriting, credit scoring, pricing, marketing/customer analytics, account management, collections, or payments.

Responsibilities

Lead independent validation and model risk oversight across Consumer and Payments models, including credit decisioning, pricing, account management, marketing, payments, collections, and other customer decision models.
Independently challenge model design, methodology, data, implementation, performance, monitoring, and business use using benchmarking, back-testing, sensitivity analysis, and challenger approaches.
Apply knowledge of leading modeling practices and emerging techniques, including machine learning and AI, to challenge model development and modernization.
Develop understanding of business strategies, customer decisions, and model applications to assess technical model risk and potential business impact.
Provide a model risk management perspective on internal, vendor, and hybrid modeling approaches, including methodology, data, transparency, performance, and ongoing monitoring.
Partner with model developers, model owners, business leaders, and Data and Technology while maintaining second-line independence and effective challenge.
Identify portfolio-wide themes and opportunities to strengthen model quality, development practices, monitoring, and lifecycle management.
Communicate model risks, limitations, and validation conclusions to senior management, regulators, and Internal Audit.
Build and develop quantitative talent with Consumer, Payments, and advanced analytics expertise.

Benefits

Healthcare coverage, including medical, dental, and vision insurance.
Basic term and optional term life insurance.
Short-term and long-term disability insurance.
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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase plan.