Quantitative Model Analyst 3

U.S. Bank • Minneapolis, MN

3d • Hybrid

About The Position

Corporate Treasury is a division within the CFO group responsible for providing accurate, timely, and comprehensive forecasts of the balance sheet, net interest income (NII), and Non-Interest Income Revenue to executive management. The Asset & Liability Management Quantitative Finance group within Corporate Treasury supports these efforts by developing quantitative models and methods that link the Bank’s balance sheet and Income Statement to the broader macroeconomic environment. This role involves building complex statistical models for the income statement, encompassing the entire model-building process: estimating, validating, testing, documenting, implementing, and maintaining macroeconomic forecasting model frameworks. These models may cover various bank products and functions and are integral to Treasury’s financial decision-making process. Deliverables include model development and/or validation documentation such as presentations, written reports, code documentation, business requirements, monitoring reports, and related procedures. The role also requires communicating modeling approaches and results to stakeholders across the bank.

Requirements

• Bachelor’s degree in a quantitative field, and five or more years of relevant experience OR MA/MS in a quantitative field, and three or more years of related experience OR PhD in a quantitative field, and less than two years of related experience.
• Thorough knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models.
• Thorough knowledge of various model validation tests/methodologies.
• Thorough data compilation, programming skills and qualitative analysis skills.
• Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches.
• Ability to manage multiple tasks across various timelines.
• Strong analytical, organizational, problem-solving, negotiation, and project management skills.
• Demonstrated independence, teamwork and leadership skills.
• Effective interpersonal, verbal and written communication skills.

Nice To Haves

• Using Python or similar statistical package.
• Advanced understanding of applicable regulatory rules, guidance, or supervisory letters.

Responsibilities

• Estimating, validating, testing, documenting, implementing, and maintaining macroeconomic forecasting model frameworks.
• Building complex statistical models for the income statement.
• Creating model development and/or validation documentation, including presentations, written reports, model or reporting code documentation, business requirements, monitoring reports, and related code and procedures.
• Communicating modeling approaches and results to stakeholders across the bank.

Benefits

• 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
• Incentive and recognition programs
• Equity stock purchase
• 401(k) contribution and pension

What This Job Offers

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