Quantitative Risk Analyst

2 weeks ago

Cincinnati, Ohio, United States U.S. Bank Full time
About U.S. Bank

At U.S. Bank, we are committed to supporting our customers and the communities we serve in making informed financial choices. We recognize that each individual brings unique strengths to our collective mission. A career with U.S. Bank offers a diverse array of opportunities for personal and professional growth, allowing you to explore your potential from the very first day.

Position Overview

The role involves the creation, validation, testing, documentation, implementation, and oversight of intricate statistical models. These models may pertain to various products or services, all integral to the financial decision-making framework. Key responsibilities include:

  • Documenting the development and testing processes of advanced statistical models.
  • Communicating model findings and methodologies to stakeholders within the organization.
  • Producing comprehensive model development and validation documentation, including presentations, reports, model code documentation, business requirements, monitoring reports, and related procedures.

Essential Qualifications

  • Bachelor's degree in a quantitative discipline with five or more years of relevant experience, or
  • Master's degree in a quantitative field with three or more years of related experience, or
  • PhD in a quantitative area with less than two years of related experience.

Preferred Skills and Experience

  • Proficiency in financial forecasting, net credit losses, loss given default, contra-asset counts, and portfolio analysis.
  • In-depth knowledge of regression techniques, parametric and non-parametric algorithms, time series analysis, survival analysis, and other statistical methodologies, utilizing tools such as SAS, Python, R, or similar statistical software.
  • Experience in handling and integrating large datasets, particularly within a SQL environment.
  • Familiarity with the financial structures of consumer installment loans and leases, along with common risk factors.
  • Strong skills in data compilation, programming, data interpretation, and qualitative analysis.
  • Experience in modeling and forecasting credit losses associated with consumer installment loans and leases.
  • Comprehensive understanding of quantitative and qualitative risk factors, industry risks, competitive risks, and risk management strategies relevant to consumer installment loans and leases.
  • Basic knowledge of applicable regulatory guidelines and supervisory letters.
  • Experience in thoroughly documenting modeling decisions and frameworks, archiving code and datasets for reproducibility, and discussing modeling choices.
  • Ability to manage multiple tasks across various timelines.
  • Strong analytical, organizational, problem-solving, negotiation, and project management skills.
  • Demonstrated independence, teamwork, and leadership capabilities.
  • Effective interpersonal, verbal, and written communication skills.

Work Environment

This position offers a hybrid work schedule, requiring in-office attendance for three or more days each week, with flexibility to work remotely on other days.

Benefits

U.S. Bank provides a comprehensive benefits package designed to support the well-being of our team members and their families. Our benefits include:
  • Healthcare options (medical, dental, vision).
  • Life insurance (basic and optional).
  • Short-term and long-term disability coverage.
  • Parental leave and pregnancy disability benefits.
  • 401(k) plan with employer contributions.
  • Paid vacation (ranging from two to five weeks based on tenure).
  • Up to 11 paid holidays annually.
  • Adoption assistance.
  • Sick and Safe Leave accruals.

Diversity and Inclusion

U.S. Bank is an equal opportunity employer dedicated to fostering a diverse workforce. We welcome all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.

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