Quantitative Model Analyst

U.S. Bank•Cincinnati, OH

1d•Hybrid

About The Position

At U.S. Bank, we are committed to helping customers and businesses make better financial decisions and enabling communities to grow. This role is part of that journey, offering opportunities for professional growth and skill development from day one. The position requires working from a U.S. Bank location three or more days per week. The department focuses on consumer finance products, including vehicle loans and leases. The core responsibility involves creating, validating, testing, documenting, implementing, and overseeing the usage of complex statistical models. These models are integral to the financial decision-making process across various products and services. Key deliverables include comprehensive model development and validation documentation, such as presentations, written reports, model or reporting code documentation, business requirements, monitoring reports, and related procedures. The role also emphasizes communicating these models effectively to stakeholders within the Bank.

Requirements

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
Advanced knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS or similar statistical package
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
Advanced understanding of applicable regulatory rules, guidance, or supervisory letters
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

Experience using SAS, SQL, Python, and Excel for quantitative analysis and modeling
Ability to partner cross‑functionally and communicate analytical insights clearly in verbal and written formats
Understanding of business operations and risk processes, with the ability to translate business challenges into quantitative solutions
Experience with objective problem solving, including accept/reject modeling and rigorous analytical validation

Responsibilities

Create complex statistical models
Validate complex statistical models
Test complex statistical models
Document complex statistical models
Implement complex statistical models
Oversee usage of complex statistical models
Communicate advanced statistical models to stakeholders within the Bank
Create model development and/or validation documentation such as presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures

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
Pension