Quantitative Model Analyst 2

U.S. Bank • Hopkins, MN

5d • Hybrid

About The Position

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

The position requires working from a U.S. Bank location three or more days per week. Benefits are designed to support team members’ health, financial security, and overall well-being.

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 (linear and logistic), parametric and non-parametric algorithms, time-series techniques (ARIMA, GARCH), other statistical models, and model validation tests or methodologies; experience using SAS, R, or a similar statistical package.
• Experience with data compilation, programming, and qualitative analysis, such as Python, VBA, and C++.
• 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, including duration and convexity, industry and competition risks, and risk management approaches.
• Strong project management skills.
• Demonstrated independence, teamwork, and leadership skills.
• Effective interpersonal, written, and verbal communication skills.

Nice To Haves

• Experience modeling or analyzing mortgage prepayments and delinquencies.
• Basic understanding of applicable laws, regulations, financial services, and regulatory trends affecting the mortgage business.

Responsibilities

• Perform phases of large, complex model development, validation, and performance management.
• Carry out project work that may include data aggregation, model design and selection, testing, documentation, validation, implementation, and execution.
• Interact with senior managers, including presenting information and building relationships.
• Progress toward becoming a subject matter expert in one or more areas.

Benefits

• Healthcare coverage, including medical, dental, and vision insurance.
• Basic term and optional term life insurance.
• Short-term and long-term disability coverage.
• Pregnancy disability and parental leave.
• 401(k) and employer-funded retirement plan.
• Paid vacation of 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