Quantitative Model Analyst 2

U.S. Bank • St. Louis, MO

17h • Hybrid

About The Position

Performs all phases of large, complex model development, validation, and performance management for various types of projects. Projects may include data aggregation, model design and selection, testing, documentation, validation, implementation, and execution. The position calls for a strong statistical modeling background based on technical training or advanced education in a quantitative field. The analyst may interact directly with senior managers, requiring advanced presentation and relationship-building skills, and will have occasional exposure to internal and external oversight. The incumbent is expected to progress to subject matter expert in one or more areas. The role prefers a basic understanding of applicable laws, regulations, financial services, and regulatory trends affecting the mortgage industry. It requires limited management direction.

The role requires working from a U.S. Bank location three or more days per week.

Requirements

• Bachelor’s degree in a quantitative field and three or more years of relevant experience, or an MA/MS in a quantitative field and less than three years of related experience.
• Strong statistical modeling background based on technical training or advanced education in a quantitative field.
• Basic knowledge of regression techniques, parametric and non-parametric algorithms, time-series techniques such as ARIMA and GARCH, statistical models, and model validation tests or methodologies; experience using SAS, R, or a similar statistical package.
• Experience with data compilation and programming skills, including Python, VBA, or C++, as well as qualitative analysis skills.
• Basic knowledge of the mortgage industry, particularly mortgage servicing rights valuation, market-risk hedging, and current-coupon/primary mortgage-rate generation.
• Knowledge of quantitative and qualitative risk factors such as duration and convexity, industry and competition risks, and risk-management approaches.
• Experience modeling or analyzing mortgage prepayments and delinquencies.
• Basic understanding of applicable laws, regulations, financial services, and regulatory trends affecting the mortgage business.
• Strong project management skills.
• Demonstrated independence, teamwork, and leadership skills.
• Effective interpersonal, written, and verbal communication skills.
• Ability to work from a U.S. Bank location three or more days per week.

Nice To Haves

• Basic understanding of applicable laws, regulations, financial services, and regulatory trends that affect the mortgage industry.

Responsibilities

• Perform all phases of large, complex model development, validation, and performance management.
• Contribute to project activities such as data aggregation, model design and selection, testing, documentation, validation, implementation, and execution.
• Interact with senior managers and, occasionally, internal and external oversight groups.
• Progress toward becoming a subject matter expert in one or more areas.

Benefits

• Healthcare coverage, including medical, dental, and vision.
• 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 ranging 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level