Remote Opportunity

Quantitative Model Validation Analyst – Credit Risk

Join U.S. Bank as a senior professional working remotely from United States. Explore the role, benefits, and apply in one place.

Full Time
$105.4k - $124k
2 months ago
United States
Model Risk Management & Validation
Senior
Python
Machine Learning
Hazard models
+5 more

Job Description

 

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

This role will be part of a highly visible and dynamic quantitative risk function within U.S. Bank that leads Stress Testing (CCAR) and Current Expected Credit Losses (CECL) estimations. The primary duty of the job is to create, validate, test, document, implement and/or oversee usage of complex statistical models that are used as part of financial decision-making process. Deliverable to regulatory and senior management includes the creation of comprehensive written reports, modeling code, business requirements, monitoring reports and related code, and procedures.

Job Description:

This position will work on a combination of Stress Testing (CCAR) and Credit Expected Credit Losses (CECL) estimations statistical models. The role requires to develop, validate risk forecasting models, probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), Net Charge-off (NetCo), and Economic Factor Models.

This role emphasizes complex statistical models under CCAR stress testing guidance and CECL ASU rule. This role requires experience with development process, quarterly continuous monitoring process, inaugural validation process, and capital reconciliation process. Also, the role requires knowledge of the bank’s reporting data system to complete development/validation data compilation and implementation verification, and experience to manage and track recommendations.

Specifically:

Three plus years of large size commercial bank working experience in risk model validation. Advanced experience of financial statistical modeling methods (Hazard models, Regression models, Decision Tree models, Time Series, Machine Learning, etc.) Related experience with Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for CCAR and CECL. Working experience in CCAR and CECL estimation for both retail and wholesale portfolios, including portfolio such as Residential Mortgage, Consumer Credit Cards/Lines, Wholesale C&I, Wholesale CRE, and Small Business. Familiar with the bank reporting and data system. Have advanced ability to deal with large data and complete model validation and implementation verification process. Ability to write and enhance automated testing programs for model performance assessment.

Basic Qualifications:

  • 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

Preferred Skills/Experience

An advanced quantitative field degree (MA/MS or PHD) is required. The role should have financial industry experience in statistical programming including Python, SAS, R, and SQL. The analyst is also responsible for ensuring models are consistent with the bank’s risk management policies, procedures, and practices by directly interacting with model owners, senior managers such as portfolio risk management, corporate finance, external reporting, audit services, and industry experts, which requires advanced level of presentation, relationship building, and negotiation skills.

  • Advanced degree in quantitative discipline (MS/MA/PHD).

  • This role prefers education background to cover both quantitative skills and business or financial knowledge such as Mathematical plus finance degrees, Statistic plus Economics, Scientific Computation, Operational research engineering plus business administration.

  • Strong statistical programming skills in Python, SAS, R, SQL. A programming certification is a plus.

  • Strong oral and written communication skills, capable of addressing both technical and non-technical audience.

  • Experience interpreting and applying complex financial regulations or accounting standards.

  • Responsible for delivering and reviewing comprehensive written model technical documents to present outcomes to senior management of related department across the bank and regulatory agencies.

LOCATION EXPECTATIONS:  This role requires working from a U.S. Bank Location three (3) or more days per week.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

  • 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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $105,400.00 - $124,000.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

Requirements

  • Three plus years of large size commercial bank working experience in risk model validation
  • Advanced experience of financial statistical modeling methods
  • Related experience with Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for CCAR and CECL
  • Working experience in CCAR and CECL estimation for both retail and wholesale portfolios
  • Familiar with the bank reporting and data system
  • Ability to write and enhance automated testing programs for model performance assessment

Benefits

  • 401k Matching
  • Health Insurance
  • Paid Time Off
  • Performance Bonus
  • Remote Work
  • Retirement Plan

Skills

Python
Machine Learning
Hazard models
Regression models
Decision Tree models
Time Series
Probability of Default (PD)
Loss Given Default (LGD)

Ready to Apply?

Join U.S. Bank today

Salary Range
$105.4k - $124k
Posted 2 months ago

More Model Risk Management & Validation roles you might like

Discover similar opportunities from companies that are also hiring remotely.

Full Time
$120,000 - $180,000*
1 day ago
United States
Worldwide
Model Risk Management & Validation
Senior
Python
Data Analysis
Machine Learning
+4 more
Full Time
GBP 50k - GBP 60k
1 day ago
United Kingdom
Worldwide
Model Risk Management & Validation
Lead
SAS
Data Analysis
WPS
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
Model Risk Management & Validation
Lead
Model Risk Management
Model Validation
Credit Risk
+2 more

Explore more remote openings

Browse fresh listings from our global community of remote-friendly teams.

Full Time
$111k - $159k
22 hours ago
Worldwide
AI Compliance & Legal
Senior
Compliance Program Management
Risk Assessment
Internal Control Frameworks
+5 more
Full Time
$175.75k - $260k
1 day ago
Worldwide
AI Governance & Programs
Senior
Agentic AI
Machine Learning
Deep Learning
+5 more
Full Time
$147.25k - $215k
1 day ago
United States
Worldwide
AI Governance & Programs
Senior
Python
SAS
probability theory
+3 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Compliance & Legal
Senior
GDPR
EU AI Act
Data Privacy
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Cloud Communications
+2 more
Full Time
$147k - $211k
1 day ago
Worldwide
AI Security & Privacy
Senior
API
Security Engineering
Programming
+5 more
Full Time
$100.331k - $172.572k
1 day ago
United States
Worldwide
AI Risk & Controls
Senior
Model Risk Management
Risk Assessment
Model Validation
+4 more
Full Time
$100.331k - $172.572k
1 day ago
United States
Worldwide
AI Risk & Controls
Senior
Model Risk Management
Risk Assessment
Model Validation
+4 more
Full Time
$172k - $202.5k
1 day ago
Worldwide
AI Security & Privacy
Senior
Security Operations
Vulnerability management
Threat Detection
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Data Science
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Security & Privacy
Senior
AI
Machine Learning
Cybersecurity
+4 more
Full Time
€3.4k - €5.7k
1 day ago
Worldwide
AI Governance & Programs
Senior
Python
Machine Learning
Generative AI
+1 more
Full Time
$80,000 - $140,000*
1 day ago
Worldwide
AI Governance & Programs
Mid
Python
SAS
SQL
+3 more
Full Time
$177k - $319k
1 day ago
Worldwide
AI Governance & Programs
Senior
Machine Learning
Artificial Intelligence
Data Science
+3 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
AI
Machine Learning
Governance
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Security & Privacy
Senior
AI
Machine Learning
Data Security
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Lead
AI
Machine Learning
Data Science
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Security & Privacy
Senior
Azure OpenAI
AWS Bedrock
Google Gemini AI
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Risk & Controls
Senior
Artificial Intelligence
Risk Management
Regulatory Compliance
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
Model Risk Management & Validation
Senior
Model Risk Management
Model Validation
Quantitative Background
+1 more
Full Time
$170.255k - $200.3k
1 day ago
United States
Worldwide
Model Risk Management & Validation
Senior
Model Risk Management
Risk Management
Compliance
+3 more
Full Time
$66.3k - $94.85k
1 day ago
Worldwide
AI Governance & Programs
Senior
Python
AI
Machine Learning
+4 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Governance & Programs
Senior
Python
Microsoft Agentic AI Architecture
Visual Studio Code
+5 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Risk & Controls
Senior
Artificial Intelligence
Risk Management
Regulatory Compliance
+3 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
AI Security & Privacy
Senior
OAuth
OIDC
AD/Entra
+5 more
Full Time
$100,000 - $150,000*
1 day ago
United States
Worldwide
AI Governance & Programs
Senior
Data governance
AI Governance
Data Analytics
+1 more
Full Time
$120,000 - $180,000*
1 day ago
Worldwide
Model Risk Management & Validation
Senior
Model Risk Management
Model Validation
Quantitative Background
+1 more
Full Time
$171.7k - $300.5k
1 day ago
Worldwide
AI Security & Privacy
Senior
Information Security
Hardware
Software
+5 more
Full Time
$105k - $140k
1 day ago
United States
Worldwide
AI Governance & Programs
Senior
Python
SQL
Snowflake
+5 more
Full Time
$120,000 - $180,000*
2 days ago
Worldwide
AI Security & Privacy
Senior
Cloud Security
Application Security
AI Security
+5 more
Full Time
$120,000 - $180,000*
2 weeks ago
United States
Worldwide
AI Security & Privacy
Senior
API
Security
Data Protection
+2 more
Full Time
$72.8k - $130k
2 weeks ago
United States
Worldwide
AI Security & Privacy
Senior
API
Cybersecurity
Information Security
+4 more
Full Time
$170k - $277k
2 weeks ago
United States
Worldwide
AI Governance & Programs
Staff
Python
Large Language Models
Differential Privacy
+4 more
Full Time
$198k - $326k
2 weeks ago
United States
Worldwide
AI Governance & Programs
Senior
Python
Differential Privacy
Secure Computation
+4 more
Full Time
$120,000 - $180,000*
2 weeks ago
Worldwide
Model Risk Management & Validation
Senior
Model Risk Management
Risk Governance
Policy Management
+3 more
Full Time
$181k - $205.5k
2 weeks ago
Worldwide
AI Governance & Programs
Senior
Data governance
AI Governance
Regulatory Compliance
+5 more